Indonesia Becomes Country of Honor at CAEXPO 2019 in Nanning, China

The Minister of Trade Enggartiasto Lukita together with Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan representing as the leaders of the Indonesian Delegation open the 16th Indonesian Pavilion at the China-ASEAN Expo (CAEXPO). As mentioned in the media released by the Ministry of Trade, at this CAEXPO, Indonesia’s appointment as Country of Honor for CAEXPO will take place on September 21-24 at the Nanning International Convention and Exhibition Center, Nanning, China.

“The appointment of becoming the Country of Honor makes us optimist to look for opportunities to access the large market of China. Indeed, Indonesia will be offered several advantages due to its status as the Country of Honor at this 16th CAEXPO,” explained Enggartiasto.

CAEXPO is one of the more important exhibitions routinely followed by Indonesia to strengthen market access and to establish trade cooperation with China. As information, CAEXPO is participated by 10 ASEAN countries and this year is the 16th time that Indonesia will be participating as a nation.

In 2018, Indonesia’s participation was quite successful. The recorded transactions in CAEXPO 2018 increased 190 percent from USD 2.14 million in 2017 to USD 6.2 million or valued at IDR93.14 billion in 2018. The total trade between Indonesia and China in January-April 2019 was recorded at USD 22.43 billion.

The trend of Indonesia’s exports to China in 2014-2018 increased by 13.8 percent. Recently, Indonesian exports to China in the January-April 2019 period was recorded at USD 7.91 billion. Meanwhile, Indonesia’s imports from China in the same period were recorded at USD 14.52 billion.

China is the largest trading partner for Indonesia in the world. Meanwhile, Indonesia is the 15th Largest trading partner for China. Indonesia’s main non-oil and gas export products to China include coal, palm oil, processed sawdust, and copper. Whereas the biggest non-oil and gas imported products from China include telephone components; automatic digital data processing machines in portable form; and components used for radio transmission, radar, radio navigation, and modems for television.

Writer: Titik Kartitiani