Indonesia Climbs the Ranks as 4th Largest Food & Beverage Exporter in ASEAN, Eyeing More Global Growth
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Indonesia is emerging as an influential player in the food and beverage (F&B) industry. According to Dyah Roro Esti, Indonesia’s Deputy Minister of Trade, the nation’s F&B exports have accumulated a value of $6.25 billion. This figure positions Indonesia as the fourth-leading F&B exporter in the Association of Southeast Asian Nations (ASEAN), trailing Thailand, Vietnam, and Singapore.
Indonesian F&B Industry: Potential for Expansion
Esti shared these insights during the Indonesia Food and Beverage Trade Promotion Forum held in Jakarta. She emphasised that the F&B sector has significant prospects for expansion and growth. The Ministry of Trade is actively encouraging local businesses to explore international markets via Indonesia’s extensive global trade network.
Comparatively, Indonesia’s F&B exports rank fourth in ASEAN nations, following Thailand ($17 billion), Vietnam ($8.8 billion), and Singapore ($6.5 billion).
Esti pointed out the robust potential for Indonesian F&B products in international markets, particularly the ones complying with halal standards. Highlighting the Middle East as a promising marketplace, she expressed optimism about the export prospects for Indonesian businesses.
Support for Domestic Businesses
To propel domestic businesses, the trade ministry is utilizing a network of Trade Attachés and Indonesian Trade Promotion Centers in 33 countries. This framework aims to facilitate connections between Indonesian enterprises and potential overseas partners and purchasers.
Indonesian food products are steadily gaining a firmer foothold in international markets. This growth is attributed to the continuous overseas expansion of local businesses and restaurants. Additionally, the global Indonesian diaspora serves as a substantial market for the country’s F&B products.
In conclusion, the Ministry of Trade believes that leveraging its international trade network, penetrating new markets, and capitalizing on the rising demand for halal food will be instrumental in boosting exports in the future.
Questions & Answers
What is the current value of Indonesia’s food and beverage exports?
As per Indonesia’s Deputy Minister of Trade, Dyah Roro Esti, the nation’s food and beverage exports have reached a value of $6.25 billion.
What strategy is the trade ministry employing to support domestic businesses?
The trade ministry is leveraging a network of Trade Attachés and Indonesian Trade Promotion Centers in 33 countries to help domestic businesses connect with potential overseas partners and buyers.
What’s the significance of halal standards for Indonesia’s food and beverage industry?
Halal compliant food and beverage products have a robust potential in international markets, particularly in the Middle East. The trade ministry sees the rising global demand for halal food as an opportunity to boost Indonesia’s exports.