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[News] Non Oil/Gas Export To Grow 8% This Year
Posted at: 26 April 2019

The Trade Ministry has targeted to increase non-oil/non-gas exports by 8 percent or US$175.8 billion this year by benefiting from the rapid era of the industry 4.0.

"This year, Indonesia has raised the target of non-oil/non-gas export growth to 8 percent or US$175.8 billion in 2019 from the earlier 7.5 percent or US$175 billion. In 2018, non-oil/non-gas exports stood at US$162.8 billion," he said at the Indonesia Industrial Summit 2019 held at ICE BSD City on Tuesday as quoted by Antara News.

To achieve the target, the Trade Ministry will cooperate with the Industry Ministry, he said.

"We will support the Industry Ministry's efforts to increase the industrial capacity by opening new export markets and expediting the signing of agreements," he said.

To that end, the government will focus on developing five priority sectors in the era of industry 4.0, including the food and beverage, textile and garments, automotive, electronic and chemical industries.

"We have targeted the export of textiles and textile products for 2019 to increase by up to 30 percent. The export of foods and beverages is also expected to increase and to become competitive," he said.

The minister is also committed to supporting national textile and textile product industries to serve as key export sectors. The textile sector offers large hope and potential for the future. Textiles and textile products are one of Indonesia's key export commodities which must grow and must not rely on imported raw and auxiliary materials. 

(source: Antara News)