The Indonesian Manufacturing Sector Is Claimed To Remain Tough Even Though It Is Hit By A Myriad Of Problems, This Is The Proof

Minister of Industry (Menperin) Agus Gumiwang Kartasasmita said the national manufacturing sector has remained resilient even though it has continued to be hit by problems over the past five years.

"Although in the last five years the national manufacturing sector has been hit by many (problems), facing many challenges and extraordinary challenges. Not only heavy, but very heavy. Starting from the pandemic then also various kinds of crises, geopolitical problems and so on," said Minister of Industry Agus in his remarks at the 1st Annual Indonesia Green Industry Summit (AIGIS) 2024 in Jakarta, Thursday, September 19.

Even so, thanks to the cooperation between the government, business actors, associations and so on, Agus said, Indonesia has succeeded in proving that the national manufacturing sector is very resilient and resilient.

This is evidenced by data from the World Bank in 2023, where Indonesia managed to enter its 12th position in the Top Manufacturing Countries by Value Added in the world, with the Manufacturing Value Added (MVA) value of 255 billion US dollars.

Indonesia's position is far behind other Asean countries, such as Thailand and Vietnam whose MVA value is only half the value of Indonesia's MVA.

Agus said this achievement was because the manufacturing structure owned by Indonesia was much deeper and spread evenly.

So that it has a large added value compared to other competing countries in Asean or the world.

"And for the last five years, 2019 to 2023 the value of MVA manufacturing value added Indonesia continues to show an increase with an average trend of 4.47 percent," he said.

According to Agus, through the MVA trend recorded by Indonesia, it has proven that Indonesia's manufacturing sector is above the United States, Japan, Germany, South Korea, France, and Britain.

"This is data from the World Bank, not from the Ministry of Industry," he concluded.