Indonesia is known for its abundant natural resources and has been a major player in the global export market for many years. In 2021, the country’s total exports are expected to continue to grow, as the global economy recovers from the COVID-19 pandemic. In this article, we will take a closer look at the Total Ekspor Indonesia 2021 and explore the factors that are driving Indonesia’s export growth.
Overview of Indonesia’s Export Performance
Indonesia’s export performance has been strong in recent years, and the trend is expected to continue in 2021. In 2020, the country’s total exports reached US$147.74 billion, a 6.65% decrease from 2019 due to the impact of the COVID-19 pandemic. However, the country’s export performance is expected to recover in 2021, as the global economy starts to recover from the pandemic.
Indonesia’s main export products include palm oil, coal, rubber, natural gas, and minerals. These products are in high demand in the global market, particularly in countries such as China, Japan, and the United States.
Factors Driving Indonesia’s Export Growth
Several factors are driving Indonesia’s export growth in 2021. One of the primary factors is the recovering global economy, which is creating increased demand for Indonesia’s export products. In addition, Indonesia has been working to improve its export infrastructure, which is making it easier and more efficient for businesses to export their products.
The Indonesian government has also been working to improve its trade relationships with other countries. In 2020, Indonesia signed the Regional Comprehensive Economic Partnership (RCEP), which is a free trade agreement between 15 countries in the Asia-Pacific region. This agreement is expected to boost Indonesia’s export performance by increasing its access to new markets.
Indonesia’s Export Performance by Product Category
Indonesia’s exports are dominated by several key product categories. In 2020, the top five export products were:
- Palm oil
- Coal
- Natural gas
- Rubber
- Minerals
Palm oil is by far Indonesia’s largest export product, accounting for over 10% of the country’s total export revenue. The country is the world’s largest producer of palm oil and exports it to a wide range of countries for use in food, cosmetics, and other products.
Coal is another important export product for Indonesia, accounting for around 8% of the country’s total export revenue. The country is the world’s second-largest producer of coal and exports it primarily to countries in Asia, such as China and India.
Natural gas is another key export product for Indonesia, accounting for around 7% of the country’s total export revenue. Indonesia is the world’s ninth-largest producer of natural gas and exports it primarily to countries in Asia, such as Japan and South Korea.
Indonesia’s Export Performance by Destination Country
Indonesia’s exports are sent to a wide range of countries around the world. In 2020, the top five destination countries for Indonesian exports were:
- China
- Japan
- United States
- India
- Singapore
China is by far the largest destination country for Indonesian exports, accounting for over 15% of the country’s total export revenue. China is a major importer of Indonesian products such as palm oil, coal, and natural gas.
Japan is the second-largest destination country for Indonesian exports, accounting for around 11% of the country’s total export revenue. Japan is a major importer of Indonesian products such as coal and natural gas.
The United States is the third-largest destination country for Indonesian exports, accounting for around 8% of the country’s total export revenue. The country is a major importer of Indonesian products such as rubber and minerals.
Conclusion
The Total Ekspor Indonesia 2021 is expected to continue to grow as the global economy recovers from the COVID-19 pandemic. Indonesia’s abundant natural resources and strong export infrastructure make it a major player in the global export market.
Factors such as the recovering global economy, improved export infrastructure, and new trade agreements are driving Indonesia’s export growth in 2021. The country’s top export products include palm oil, coal, natural gas, rubber, and minerals, which are in high demand in countries such as China, Japan, and the United States.
As Indonesia’s export performance continues to grow, the country is expected to play an increasingly important role in the global economy, cementing its position as a major player in the global export market.
