Minister eyes exports to climb by 6.3 percent in 2021

Jakarta (ANTARA) – Trade Minister Muhammad Lutfi targets exports to increase by 6.3 percent in 2021 in line with IMF’s global economy growth projection at 5.2 percent, with trade volume estimated to grow by 8.31 percent.

“Indonesia is also forecast to record growth. If you look at the international growth rate, Indonesia’s growth is 4.4 to 6.1 percent. Non-oil and gas exports will grow by 6.3 percent,” the trade minister stated during a press conference for the 2021 Trade Outlook that was broadcast virtually, Friday.

Lutfi highlighted several factors that can affect the realization of the target to boost exports this year, including the success of the vaccination program, not only being conducted in Indonesia but also in its largest trading partner country.

The other determining factor is the acceleration of the Job Creation Law passed recently.

“We feel certain of growing by 6.3 percent, and of course, these are the parts we want to grow in future,” the trade minister stated.

Lutfi highlighted his target to boost the exports of several national superior products in future, including automotive commodities that will be exported to the People’s Republic of China (RRT), Brazil, and Myanmar.

Furthermore, metal commodities and products are intended for Turkey, China, the United Arab Emirates, and the Philippines. Rubber commodities and products would be exported to China, Australia, and Vietnam.

“Finally, for electronics, we want to open our electronic market, especially for the US, Australia, and China,” he stated.

Meanwhile, the Ministry of Trade has projected that Indonesia’s non-oil and gas exports will grow in several major trading partner countries, such as the People’s Republic of China, which is forecast to grow by 7.87 percent. Furthermore, exports to the United States is targeted to clock a 3.87-percent growth.

Exports to Japan are targeted to grow at least three percent, while an 8.67-percent growth in pegged to India, whereas a growth of 3.84 percent is forecast for Singapore. Meanwhile, Malaysia, the Philippines, South Korea, Thailand, and Vietnam are expected to record good growth

 

Source: Antara News

 

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