Wednesday, 19 September 2018 | 19:27 WIB

Trade Ministry Aims to Increase Market Access to China via China-ASEAN Expo 2018

Trade Ministry Aims to Increase Market Access to China via China-ASEAN Expo 2018

NANNING, NNC - The Ministry of Trade again exhibits the potential of superior products and the typical culture of the archipelago to the world stage through the international exhibition "The 15th China-ASEAN Expo (CAEXPO) 2018".

The exhibition with the theme "Jointly Building the 21st Century Maritime Silk Road, Forging a China-ASEAN Community of Innovation" is held on September 12-15, 2018 at the International Convention and Exhibition, Nanning, China.

"The Ministry of Trade's participation in CAEXPO is one of the efforts to increase market access to China as an export destination. Indonesia's regular participation in CAEXPO is our commitment to establish trade cooperation with China and other ASEAN countries," said Director General of National Export Development at Ministry of Trade Arlinda.

Arlinda added that the trade value between Indonesia and China until June 2018 reached USD34.05 billion with an export value of USD13.35 billion and imports worth USD20.70 billion. Meanwhile, the total trade between Indonesia and China in 2017 was recorded at USD58.85 billion. Indonesia experienced a deficit trade balance with China which almost all came from the non-oil and gas sector amounting to USD12.68 billion.

"Indonesia's non-oil and gas exports to China amounted to USD21.35 billion, while Indonesia's non-oil and gas imports from China were valued at USD35.51 billion. The development of Indonesia's non-oil and gas exports to China in 2013-2017 was down 0.78 percent," said Arlinda in a press release, Wednesday (9/12/2018).

According to Arlinda, China is the largest non-oil and gas export destination for Indonesia in 2017. China is also the third largest investor in Indonesia with an investment value of USD3.36 billion. Indonesia's main non-oil and gas export products to China include coal, palm oil, processed wood powder and copper. Whereas the largest non-oil and gas import products from China include telephone components; automatic digital data processing machines in portable form; and the components being used.