JAKARTA - The Ministry of Industry (Kemenperin) targets the growth of the non-oil and gas processing industry to reach 5.93 percent by the end of 2025.
As for the presentations displayed, the growth of the non-oil and gas processing industry reached 4.94 percent until the second quarter of 2025.
"The target for industrial growth is 5.93 percent by the end of the year," said Minister of Industry (Menperin) Agus Gumiwang Kartasasmita in a press conference at the Ministry of Industry's office, Jakarta, Monday, October 20.
Agus said that his party will continue to strive so that the manufacturing industry can grow above national economic growth.
"We will always strive for the growth of the manufacturing sector, it can always be above national economic growth," he said.
The export value of the manufacturing industry in the initial period of leadership, at the end of 2024-August 2025, reached 202.9 billion US dollars or around 78.75 percent of the total national exports.
According to Agus, although it is lower than the exports of the processing industry in Malaysia, Vietnam and Thailand, this does not show the weakness of Indonesia's manufacturing sector.
The reason is, only 25 percent of Indonesia's manufacturing output is intended for exports, while the remaining 75 percent are absorbed by the domestic market indicating a strong industrial structure in the country.
Meanwhile, Indonesia's ranking based on Manufacturing Value Added (MVA) from World Bank data shows that Indonesia is ranked 13th for the global scale, with a value of 265.07 billion per US dollar.
BACA JUGA:
-
| EKONOMI
IFG Tunjuk Leonardo Henry Gavaza jadi Direktur Keuangan PT Askrindo
22 November 2024, 20:47
As for the ASEAN scale, Indonesia is ranked first, only followed by Thailand worth 128.04 billion per US dollar, Vietnam for 116.38 billion per US dollar, Malaysia 94.93 billion per US dollar and Singapore for 88.40 billion per US dollar.
In terms of investment, the manufacturing sector is still the backbone with a realization of IDR 568.4 trillion during October 2024-June 2025, equivalent to 40.72 percent of the total national investment.
The investment also creates around 19.55 million jobs, or 13.41 percent of the total national workforce.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
