Indonesian Furniture Is Interested In South Korea, A Gold Potential That Deserves Excavation

Furniture Exhibition in South Korea (Doc. ANTARA)

JAKARTA - A furniture product made in Indonesia received an enthusiastic response from foreign markets. South Korea is one of the things that shows strong purchasing power against furniture made in the country.

The Ministry of Trade (Kemendag) noted that furniture products from Indonesia generate a potential transaction of USD 2.27 million or IDR 35.01 billion at the Korea International Furniture and Interior Fair (Kofurn) 2024 exhibition. The event took place from August 29 to September 1 yesterday in South Korea.

Indonesia's participation in the exhibition was carried out by the collaboration of the Ministry of Trade through the Indonesian Trade Promotion Center (ITPC) Busan, the Seoul Trade Attache, the Embassy of the Republic of Indonesia (KBRI) Seoul, and the Indonesian Furniture and Crafts Industry Association (Asmindo).

Head of ITPC Busan Husodo Kuncoro Yakti said the achievement of the potential for Indonesian furniture transactions in Kofurn 2024 amounting to US$2.27 million came from business matching and the interest of business actors visiting the Indonesian Pavilion.

"In addition, it comes from direct sales transactions of samples brought by Indonesian exporters worth 20 million South Korean won," Husodo said in a statement in Jakarta, Sunday.

In this exhibition, the Indonesian Pavilion presented eight furniture companies with products in the form of chairs made of rattan and wood, tables, eating utensils and cabinets.

"Natural products such as rattan with minimal size are very popular in South Korea," said Husodo.

Indonesia's total non-oil and gas trade with South Korea in 2023 reached 18.17 billion US dollars. Meanwhile, the value of Indonesia's non-oil and gas exports to South Korea in 2023 was recorded at 8.60 billion US dollars.

The value of Indonesia's non-oil and gas imports from South Korea in 2023 is 9.57 billion US dollars. The trend of non-oil and gas trade between the two countries increased in the last five years (2019-2023) by 12.14 percent.

The trend in the value of Indonesia's non-oil and gas exports to South Korea in the last five years (2019-2023) increased by 14.21 percent.