Airlangga Brings Good News: Exports Are Moncer, Indonesia's Economic Recovery Is In Line With Global

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - Coordinating Minister for the Economy Airlangga Hartarto said that the positive results of Indonesia's international trade during the August 2021 period were proof that the economic recovery process in the country was in line with global conditions.

"This achievement indicates that Indonesia's economic recovery will continue in line with the recovery in global demand," he said in a press statement today, Thursday, September 16.

According to Airlangga, the sign of recovery that is becoming more evident at this time is the contribution of all elements of the economy in Indonesia, including the small-scale business sector.

"The positive performance of Indonesia's exports cannot be separated from the role of various parties, including the contribution of Small and Medium Industry (IKM) players who were able to survive in the midst of the turmoil of the COVID-19 pandemic," he said.

Airlangga gave an example, the increase in two export commodities of the processing industry based on the IKM sector, namely exports of wood and wood products, which reached 2.55 billion US dollars and furniture, reached 1.63 billion US dollars. These two commodities are even said to be included in the 20 main contributors to Indonesia's exports throughout 2021.

"The government will try to maintain Indonesia's export performance. Synergy across ministries/agencies in order to improve the competitiveness of export-oriented SMEs through assistance and fiscal facilities, increasing competitiveness, developing market share, export financing, and providing access and information systems for export-oriented SMEs," he said.

As previously reported, Indonesia's foreign trade performance has shown encouraging results.

According to data released by the Central Statistics Agency (BPS), the value of Indonesia's exports in the August 2021 period reached 21.42 billion, an increase of 20.95 percent compared to exports in July 2021, and an increase of 64.10 percent compared to August 2020.

The book is also a new record high for Indonesia's exports after previously occurred in August 2011 with 18.60 billion.

The increase in exports in August was due to a 21.75 percent increase in non-oil and gas exports from 16.72 billion to 20.35 billion. Non-oil exports play a role of 94.45 percent of total exports from January to August 2021.

“The government together with all stakeholders continue to work on various programs and incentives that are relevant to all export-based SMEs. Thus, all SMIs engaged in various sectors can continue to contribute in supporting Indonesia's exports as a whole," concluded Coordinating Minister Airlangga.