RI Decoration Product Transaction Reaches IDR 4.73 Billion In Taiwan

Decoration illustration (Photo: antara)

JAKARTA - The Ministry of Trade (Kemendag) said that home decoration products from Indonesia managed to record a transaction potential of 295,740 US dollars or more than Rp4.73 billion at Taiwan's 2024 Designed Giftery (DG). Where, the event took place on April 18-21 2024 at Taipei World Trade Center, Taiwan.

Director General of National Export Development of the Ministry of Trade Didi Sumedi said the value of the transaction potential shows the huge potential of Taiwan's market for Indonesian home decoration products.

"The Indonesian Pavilion has succeeded in recording a potential transaction of IDR 4.73 billion and is expected to continue to grow. This value reflects Taiwan's market opportunities for Indonesian creative products, especially home decorations," Didi said, quoting Antara.

Participation of the Indonesian Pavilion in DG Taiwan 2024 was carried out in collaboration with the Directorate General of National Export Development and the Indonesian Trade and Economic Office (KDEI) Taipei.

Occupying the home decor zone, the Indonesian Pavilion displays various products, such as home decorations, eating utensils, and natural decoration sculptures.

Head of the Indonesian Trade and Economic Office (KDEI) Taipei Iqbal Shoffan Shofwan who inaugurated the Indonesian Pavilion hopes that Indonesia's participation in DG Taiwan will be able to increase the export of Indonesia's added value products to the Taiwan market.

Iqbal expressed his support for Indonesian business actors who are interested in expanding the export market to Taiwan.

"Taiwan is a potential market for Indonesian home decoration products. Participation in DG Taiwan is an opportunity for creative industry business actors to be able to penetrate and expand the market into Taiwan as well as can also be used as an entry point to the global market," said Iqbal.

Indonesia is the sixth largest home decoration product supplier to the Taiwan market. In 2023, the export value of Indonesian home decorations to Taiwan will reach 7.72 million US dollars.

During the 2019-2023 period, the trend of exporting Indonesian home decorations to Taiwan showed positive growth of 20.11 percent. This high growth must be maintained, one of which is through participation in international exhibitions, such as DG Taiwan 2024.

Indonesia's total non-oil and gas trade with Taiwan in 2023 reached 10.26 billion US dollars. The trend of non-oil and gas trade between the two countries experienced positive growth in the last five years (2019-2023) of 12.30 percent.

Meanwhile, the value of Indonesia's non-oil and gas exports to Taiwan in 2023 was recorded at 6.41 billion US dollars. Meanwhile, the value of Indonesia's non-oil and gas imports from Taiwan 2023 is 3.86 billion. Thus, Indonesia enjoys a non-oil and gas surplus of 2.55 billion US dollars.