The Minister of Trade Reveals the Attractiveness of Investment in Indonesia

The improvement in industrial performance, downstreaming, and the huge potential of the Indonesian

market have been cited as an attraction to attract large investments in recent years. Moreover, in 20 months Indonesia has managed to maintain a positive trend in the trade balance. The statement was conveyed by the Minister of Trade Muhammad Lutfi "So what I mean is that we have a free market. That is the driving force for investment, because a large market drives investment. We carry out large-scale industrialization because we are very disciplined in channeling our added value from mining, and this very important," said Lutfi. Indonesia's trade balance until December 2021 is in a surplus trend for 20 consecutive months. Finally, at the end of 2021, Indonesia's trade balance was in a surplus of US$ 1.02 billion with an export value of US$ 22.38 billion and imports of US$ 21.36 billion. Throughout 2021, the total value of Indonesia's exports will reach US$231.5 billion. Some of Indonesia's leading export products are iron and steel, electronic products, electrical products, and automotive and their spare parts. Lutfi said that Indonesia's export structure is currently dominated by manufactured products and from the industrial sector. Its contribution to total exports reached 76.49% throughout 2021. The growth in the export value of industrial products as of 2021 reached 35.11% on an annual basis.

|•SOURCE•| Articles :CNBC | Image :SUARA TIMUR |

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