Exports of Light Wood Products Increase 31%, So Opportunities for BUMN
The government encourages various parties, including industry, to increase exports of light wood products. The Ministry of Trade (Kemendag) assesses that the export potential of Indonesia's light wood products is still very wide open, due to the high world demand for these commodities.
Based on data from the Central Statistics Agency (BPS), in 2021 Indonesia's exports of light wood (plywood and flooring) were recorded at USD 3.2 billion or contributed 40% of Indonesia's total exports of wood products which amounted to USD 7.94 billion, an increase of 31% compared to the previous year with a global timber market share of USD 2.1 trillion.
Director of Commercial & Operations of PT Mega Eltra, Indrajaya said the increase in Indonesia's wood exports is an opportunity for Mega Eltra, which is a subsidiary of Pupuk Indonesia, to support through the procurement of raw materials to national private companies engaged in the wood forest product processing industry. Mega Eltra, which is a company engaged in trading, which in this case successively sells commercial urea fertilizer to a national private company as raw material for making plywood for export purposes, where the factory is located in the Yapen Islands, Papua Province, "said Indrajaya in a written statement, Monday (22/8/2022).
Meanwhile, SVP of Mega Eltra Trading Anita Damayanti added that last June Mega Eltra had supplied raw materials for Urea Prill which was sent by Franco Surabaya through a winning bid, in which Mega Eltra had won several tenders held by job owners since 2019. "Mega Eltra is committed to guaranteeing the quality of fertilizers supplied according to specifications, complying with occupational safety and health (K3) rules as well as applicable rules and regulations in the process of shipping, transporting and delivering goods and accurately time," said Anita. Also Read: Measuring 25 Times Larger, The Appearance of This Giant Sea Wood Lice Makes Goosebumps In running its business, Anita said, Mega Eltra always mitigates risks, including by selecting selected companies or parties with good liquidity in order to bring profits for the company. In carrying out commercial fertilizer trade, Mega Eltra synergizes with fertilizer producers who are members of Pupuk Indonesia and cooperates with various other fertilizer companies both at home and abroad.
source: sindonews.com
Based on data from the Central Statistics Agency (BPS), in 2021 Indonesia's exports of light wood (plywood and flooring) were recorded at USD 3.2 billion or contributed 40% of Indonesia's total exports of wood products which amounted to USD 7.94 billion, an increase of 31% compared to the previous year with a global timber market share of USD 2.1 trillion.
Director of Commercial & Operations of PT Mega Eltra, Indrajaya said the increase in Indonesia's wood exports is an opportunity for Mega Eltra, which is a subsidiary of Pupuk Indonesia, to support through the procurement of raw materials to national private companies engaged in the wood forest product processing industry. Mega Eltra, which is a company engaged in trading, which in this case successively sells commercial urea fertilizer to a national private company as raw material for making plywood for export purposes, where the factory is located in the Yapen Islands, Papua Province, "said Indrajaya in a written statement, Monday (22/8/2022).
Meanwhile, SVP of Mega Eltra Trading Anita Damayanti added that last June Mega Eltra had supplied raw materials for Urea Prill which was sent by Franco Surabaya through a winning bid, in which Mega Eltra had won several tenders held by job owners since 2019. "Mega Eltra is committed to guaranteeing the quality of fertilizers supplied according to specifications, complying with occupational safety and health (K3) rules as well as applicable rules and regulations in the process of shipping, transporting and delivering goods and accurately time," said Anita. Also Read: Measuring 25 Times Larger, The Appearance of This Giant Sea Wood Lice Makes Goosebumps In running its business, Anita said, Mega Eltra always mitigates risks, including by selecting selected companies or parties with good liquidity in order to bring profits for the company. In carrying out commercial fertilizer trade, Mega Eltra synergizes with fertilizer producers who are members of Pupuk Indonesia and cooperates with various other fertilizer companies both at home and abroad.
source: sindonews.com
22 August 2022
Indonesia's Exports Reach USD 26 Billion in June 2022, Soaring 40.6 Percent
The Central Statistics Agency (BPS) reported that Indonesia recorded an export value of USD 26.09 billion as of June 2022. That number rose 21.30 percent on a monthly basis (month to month/MtM) and 40.68 percent on an annual basis (year on year/year). YoY).
Head of BPS Margo Yuwono said that non-oil and gas exports contributed 94.13 percent of the total exports in June 2022.
"If you look at non-oil and gas exports, our exports are supported by animal/vegetable fats and oils, where month to month the increase is very expressive by 300.66 percent," said Margo, Friday (15/7/2022).
Also the increase is quite high, namely vehicles and their parts by 40.11 percent. As for oil and gas exports, this was due to the increase in crude oil exports, which increased by 69.8 percent month to month.
"Export development by sector, each oil and gas increased 2.45 percent, agriculture 23.30 percent, manufacturing industry 29.21 percent, and other mining increased 6.22 percent," explained Margo.
Seen by sector, the highest increase was in the manufacturing sector, which amounted to USD 18.27 billion or an increase of 29.21 percent. The drivers of increasing exports for the processing industry came from palm oil commodities, apparel from textiles.
The second largest was contributed by the mining and other sectors amounting to USD 5.93 billion, which increased 6.22 percent on a monthly basis and 103.60 percent on an annual basis.
Then the oil and gas sector, which contributed up to USD 1.53 billion, rose 2.45 percent on a monthly basis and 23.68 percent on an annual basis.
Followed by the agriculture, forestry and fishery sectors which amounted to USD 0.36 billion. That number rose 23.30 percent on a monthly basis and 11.69 percent on an annual basis.
source: liputan6.com
Head of BPS Margo Yuwono said that non-oil and gas exports contributed 94.13 percent of the total exports in June 2022.
"If you look at non-oil and gas exports, our exports are supported by animal/vegetable fats and oils, where month to month the increase is very expressive by 300.66 percent," said Margo, Friday (15/7/2022).
Also the increase is quite high, namely vehicles and their parts by 40.11 percent. As for oil and gas exports, this was due to the increase in crude oil exports, which increased by 69.8 percent month to month.
"Export development by sector, each oil and gas increased 2.45 percent, agriculture 23.30 percent, manufacturing industry 29.21 percent, and other mining increased 6.22 percent," explained Margo.
Seen by sector, the highest increase was in the manufacturing sector, which amounted to USD 18.27 billion or an increase of 29.21 percent. The drivers of increasing exports for the processing industry came from palm oil commodities, apparel from textiles.
The second largest was contributed by the mining and other sectors amounting to USD 5.93 billion, which increased 6.22 percent on a monthly basis and 103.60 percent on an annual basis.
Then the oil and gas sector, which contributed up to USD 1.53 billion, rose 2.45 percent on a monthly basis and 23.68 percent on an annual basis.
Followed by the agriculture, forestry and fishery sectors which amounted to USD 0.36 billion. That number rose 23.30 percent on a monthly basis and 11.69 percent on an annual basis.
source: liputan6.com
18 August 2022
Export and Import Permits are Now Mandatory Through the Indonesia National Single Window System
The Minister of Trade (Mendag) Muhammad Lutfi has issued two export and import regulations. This rule is a derivative of Law Number 11 of 2020 concerning Job Creation.
The two rules are Minister of Trade Regulation (Permendag) Number 19 of 2021 concerning Export Policies and Regulations and Minister of Trade Regulation Number 20 of 2021 concerning Import Policies and Regulations.
With the enactment of this regulation, all regulations in the previous Minister of Trade related to exports and imports have now been revoked and declared no longer valid. However, business licenses that have been issued based on the previous regulations are declared to remain valid until their validity period ends.
Plt. The Director General of Foreign Trade of the Ministry of Trade Indrasari Wisnu Wardhana said that one of the important changes in the regulation of export-import licensing with the enactment of these two Ministerial Regulations was the implementation of the Single Submission (SSm), namely the application of permits through the Indonesia National Single Window (INSW) System. The goal is to have data that is integrated between K/L and becomes a data superset to eliminate repetition and duplication.
Export and import licensing, continued Wisnu, is now easier and faster with the integration of the INATRADE system with the INSW system. Business actors submit applications through the INSW System, which is the hub for the licensing service system in all relevant K/Ls. So that business actors no longer need to open related K/L portals to meet licensing requirements, especially in the export and import fields.
"In addition to speed and convenience, this import-export business license issued with the Single Submission (SSm) system also uses digital signatures and barcodes to guarantee the authenticity and security of data and information in business licensing documents," said Wisnu in a statement. written, Sunday (12/12/2021).
source: liputan6.com
The two rules are Minister of Trade Regulation (Permendag) Number 19 of 2021 concerning Export Policies and Regulations and Minister of Trade Regulation Number 20 of 2021 concerning Import Policies and Regulations.
With the enactment of this regulation, all regulations in the previous Minister of Trade related to exports and imports have now been revoked and declared no longer valid. However, business licenses that have been issued based on the previous regulations are declared to remain valid until their validity period ends.
Plt. The Director General of Foreign Trade of the Ministry of Trade Indrasari Wisnu Wardhana said that one of the important changes in the regulation of export-import licensing with the enactment of these two Ministerial Regulations was the implementation of the Single Submission (SSm), namely the application of permits through the Indonesia National Single Window (INSW) System. The goal is to have data that is integrated between K/L and becomes a data superset to eliminate repetition and duplication.
Export and import licensing, continued Wisnu, is now easier and faster with the integration of the INATRADE system with the INSW system. Business actors submit applications through the INSW System, which is the hub for the licensing service system in all relevant K/Ls. So that business actors no longer need to open related K/L portals to meet licensing requirements, especially in the export and import fields.
"In addition to speed and convenience, this import-export business license issued with the Single Submission (SSm) system also uses digital signatures and barcodes to guarantee the authenticity and security of data and information in business licensing documents," said Wisnu in a statement. written, Sunday (12/12/2021).
source: liputan6.com
18 August 2022
Export Import Performance March 2022 Prints the Highest Record in History
The export-import performance in March 2022 managed to break a record high in history. The export value in March 2022 was recorded at USD 26.50 billion and this value increased significantly by 29.42 percent (mtm) or by 44.36 percent (yoy).
At the same time, the import value in March 2022 reached USD 21.97 billion with a growth of 32.02 percent (mtm) or 30.85 percent (yoy).
With reference to the difference between exports and imports, Indonesia's trade balance in March 2022 again experienced a sizeable surplus, reaching USD 4.53 billion.
Coordinating Minister for Economic Affairs Airlangga Hartarto said that this surplus also continued the surplus trend that had occurred since May 2020 or had occurred for 23 consecutive months.
"Indonesia's international trade performance has again shown an impressive performance in the midst of the escalation of the Russia-Ukraine war. This sustainable surplus will continue to encourage an increase in foreign exchange reserves, as well as increase the capacity and resilience of Indonesia's external sector," said Coordinating Minister for Economic Affairs Airlangga Hartarto, in his official statement, Tuesday (19/4/2022).
According to him, Indonesia's solid surplus performance in March 2022 was supported by export performance which continued to strengthen amid a significant increase in the prices of various mainstay commodities. It was recorded that in March 2022, coal prices increased 49.91 percent (mtm), nickel grew 41.26 percent (mtm), and CPO rose 16.72 percent (mtm).
“In the midst of the momentum of rising commodity prices, Indonesia continues to accelerate the downstreaming of leading commodities. So that Indonesia's exports no longer come from upstream commodities, but rely on downstream commodities that have high added value," said Coordinating Minister Airlangga.
One of the real first steps of this program is evidenced by the transformation of exports from nickel ore to iron and steel derivative products (Ferro Nickel).
source: liputan6.com
At the same time, the import value in March 2022 reached USD 21.97 billion with a growth of 32.02 percent (mtm) or 30.85 percent (yoy).
With reference to the difference between exports and imports, Indonesia's trade balance in March 2022 again experienced a sizeable surplus, reaching USD 4.53 billion.
Coordinating Minister for Economic Affairs Airlangga Hartarto said that this surplus also continued the surplus trend that had occurred since May 2020 or had occurred for 23 consecutive months.
"Indonesia's international trade performance has again shown an impressive performance in the midst of the escalation of the Russia-Ukraine war. This sustainable surplus will continue to encourage an increase in foreign exchange reserves, as well as increase the capacity and resilience of Indonesia's external sector," said Coordinating Minister for Economic Affairs Airlangga Hartarto, in his official statement, Tuesday (19/4/2022).
According to him, Indonesia's solid surplus performance in March 2022 was supported by export performance which continued to strengthen amid a significant increase in the prices of various mainstay commodities. It was recorded that in March 2022, coal prices increased 49.91 percent (mtm), nickel grew 41.26 percent (mtm), and CPO rose 16.72 percent (mtm).
“In the midst of the momentum of rising commodity prices, Indonesia continues to accelerate the downstreaming of leading commodities. So that Indonesia's exports no longer come from upstream commodities, but rely on downstream commodities that have high added value," said Coordinating Minister Airlangga.
One of the real first steps of this program is evidenced by the transformation of exports from nickel ore to iron and steel derivative products (Ferro Nickel).
source: liputan6.com
18 August 2022
Customs and Excise Reveals 360 Companies Already Enjoying KITE Facilities
The Director of Customs Facilities at the Directorate General of Customs and Excise (DJBC) of the Ministry of Finance (Kemenkeu), Untung Basuki, revealed that until July 31, 2022, DJBC noted that 360 companies had received import facilities for export purposes (KITE).
KITE facilities are fiscal facilities provided for the import of goods and materials that are processed, assembled, or installed for export purposes.
"In Indonesia, there are 360 recipients. So he is a company that imports raw materials, then they are processed and then exported," said Untung during the 2022 Press Tour in Bandung, Wednesday (10/8/2022).
In detail, the business sectors receiving the KITE facility include 69 textile and apparel companies, 42 plastic goods companies, 31 chemical and pharmaceutical companies, 26 motor vehicle and component companies, 23 metal goods companies and 169 other companies.
Meanwhile, if viewed from the distribution, Jakarta is the province with the most recipients of KITE facilities with 97 companies. Followed by East Java with 80 companies, then in the third position is West Java with 60 companies. He explained that there are three types of KITE, the first is exemption KITE, namely exemption from import duty and value added tax (PPN) and sales tax on luxury goods (PPnBM) owed which are not collected on imports.
Then there is the return KITE which is a facility for returning import duties that have been paid for the import or entry of goods and materials originating from outside the customs area to be processed, assembled or installed on other goods for export purposes. "As well as KITE small and medium industries (IKM), namely exemption from the obligation to pay import duties, value added tax (VAT), and sales tax on luxury goods (PPnBM)," said Untung.
source: sindonews.com
KITE facilities are fiscal facilities provided for the import of goods and materials that are processed, assembled, or installed for export purposes.
"In Indonesia, there are 360 recipients. So he is a company that imports raw materials, then they are processed and then exported," said Untung during the 2022 Press Tour in Bandung, Wednesday (10/8/2022).
In detail, the business sectors receiving the KITE facility include 69 textile and apparel companies, 42 plastic goods companies, 31 chemical and pharmaceutical companies, 26 motor vehicle and component companies, 23 metal goods companies and 169 other companies.
Meanwhile, if viewed from the distribution, Jakarta is the province with the most recipients of KITE facilities with 97 companies. Followed by East Java with 80 companies, then in the third position is West Java with 60 companies. He explained that there are three types of KITE, the first is exemption KITE, namely exemption from import duty and value added tax (PPN) and sales tax on luxury goods (PPnBM) owed which are not collected on imports.
Then there is the return KITE which is a facility for returning import duties that have been paid for the import or entry of goods and materials originating from outside the customs area to be processed, assembled or installed on other goods for export purposes. "As well as KITE small and medium industries (IKM), namely exemption from the obligation to pay import duties, value added tax (VAT), and sales tax on luxury goods (PPnBM)," said Untung.
source: sindonews.com
10 August 2022
Indonesian Exports in Quarter II/2022 Grow by 19.74 Percent, Minister of Trade Invites to Maintain Momentum
The Minister of Trade or Trade Minister Zulkifli Hasan said that Indonesia's export performance in the second quarter of 2022 grew very well at 19.74%. This growth supported Indonesia's economic growth in the second quarter so that it was able to grow positively by 5.44% year on year (YoY).
“Indonesia's export performance in the second quarter grew the highest at 19.74%. This export performance became an accelerator supporting the Indonesian economy in the second quarter, which grew positively by 5.44 percent YoY," said Trade Minister Zulkifli Hasan in Jakarta, Monday (8/8/2022).
"This is a momentum that we need to maintain in the midst of a weakening global economy and rising inflationary pressures in various countries. Indonesia's economic growth is the best in the world," he said.
Indonesia's economic growth in the second quarter of 2022, continued the Minister of Trade Zulkifli Hasan, was higher than the previous quarter's achievement of 5.01% (YoY).
"This economic growth has even surpassed several trading partner countries such as Singapore with economic growth of 4.8 percent, South Korea (2.9 percent), the United States (1.6 percent), and China (0.4 percent) in the third quarter. II 2022," explained the Minister of Trade Zulkifli Hasan.
From Indonesia's export performance in the second quarter of 2022, based on data from the Central Statistics Agency (BPS), the component of exports of goods and services experienced the highest growth with a contribution of 24.68% of gross domestic product (GDP).
"One of the reasons for this strong increase in exports is the increase in world commodity prices due to the conflict between Russia and Ukraine, which has resulted in global supply disruption and an increase in demand for post-pandemic partner countries," added Trade Minister Zulkifli Hasan.
In the second quarter, Indonesia's oil and gas exports reached USD4.46 billion, or grew by 35.17% compared to the first quarter of 2022. Meanwhile, Indonesia's non-oil and gas exports were recorded at USD70.46 billion, or grew 12.12% from the first quarter of 2022.
Export products that support Indonesia's economic growth in the second quarter of 2022 include mineral fuels (HS 27) such as coal, iron and steel (HS 72) which are derivative products of nickel, metal ore (HS 26), electrical machinery and equipment (HS 85). ), as well as various chemical products (HS 38).
Coal exports (HS 27) in the second quarter recorded a rapid increase from USD8.87 billion in the first quarter to USD15.24 billion in the second quarter of 2022, or grew 71.83% quarter to quarter (q-to-q).
In addition to the main commodities, several Indonesian export products showed very positive performance such as fertilizers (HS 31), ships/boats (HS 89), as well as nickel products and goods thereof (HS 75).
According to Trade Minister Zulkifli Hasan, the performance of exports to Indonesia's main trading partners in the second quarter was also positive. Exports to China, which is Indonesia's main trading partner country, was recorded at USD15.18 billion.
The export value to China contributed 21.54% of Indonesia's exports in the second quarter. In addition, during the same period, exports to India also grew rapidly, amounting to USD6.89 billion, or an increase compared to the first quarter which was recorded at USD4.53 billion.
In terms of imports, statistical data shows that in the second quarter of Indonesia's imports recorded a positive growth of 4.5% compared to the first quarter.
This import growth came largely from the increase in the value of oil and gas imports. Oil and gas imports were recorded at USD10.84 billion in the second quarter, an increase compared to the first quarter which was recorded at USD8.62 billion.
“With high export growth, Indonesia's trade balance in the second quarter recorded a fairly wide surplus of USD15.55 billion. This value exceeds the surplus in the first quarter which was only recorded at USD9.33 billion,” said Trade Minister Zulkifli Hasan.
Meanwhile, continued Trade Minister Zulkifli Hasan, in the period January-June 2022, Indonesia's total trade balance surplus of USD24.89 billion has made history as it is the highest and surpasses the previous highest surplus in 2007 of USD20.15 billion.
Trade Minister Zulkifli Hasan also said that the current turbulent global situation is expected to continue to provide benefits to commodity prices and become a 'windfall' for Indonesia's commodity export performance going forward. “However, the Indonesian government continues to anticipate through strengthening domestic production factors and prioritizing programs that maintain price stability and the availability of basic commodities. In addition, the Ministry of Trade is also actively diversifying export market access through a number of trade agreements to maintain export performance which is growing very well," concluded the Minister of Trade Zulkifli Hasan.
source: sindonews.com
“Indonesia's export performance in the second quarter grew the highest at 19.74%. This export performance became an accelerator supporting the Indonesian economy in the second quarter, which grew positively by 5.44 percent YoY," said Trade Minister Zulkifli Hasan in Jakarta, Monday (8/8/2022).
"This is a momentum that we need to maintain in the midst of a weakening global economy and rising inflationary pressures in various countries. Indonesia's economic growth is the best in the world," he said.
Indonesia's economic growth in the second quarter of 2022, continued the Minister of Trade Zulkifli Hasan, was higher than the previous quarter's achievement of 5.01% (YoY).
"This economic growth has even surpassed several trading partner countries such as Singapore with economic growth of 4.8 percent, South Korea (2.9 percent), the United States (1.6 percent), and China (0.4 percent) in the third quarter. II 2022," explained the Minister of Trade Zulkifli Hasan.
From Indonesia's export performance in the second quarter of 2022, based on data from the Central Statistics Agency (BPS), the component of exports of goods and services experienced the highest growth with a contribution of 24.68% of gross domestic product (GDP).
"One of the reasons for this strong increase in exports is the increase in world commodity prices due to the conflict between Russia and Ukraine, which has resulted in global supply disruption and an increase in demand for post-pandemic partner countries," added Trade Minister Zulkifli Hasan.
In the second quarter, Indonesia's oil and gas exports reached USD4.46 billion, or grew by 35.17% compared to the first quarter of 2022. Meanwhile, Indonesia's non-oil and gas exports were recorded at USD70.46 billion, or grew 12.12% from the first quarter of 2022.
Export products that support Indonesia's economic growth in the second quarter of 2022 include mineral fuels (HS 27) such as coal, iron and steel (HS 72) which are derivative products of nickel, metal ore (HS 26), electrical machinery and equipment (HS 85). ), as well as various chemical products (HS 38).
Coal exports (HS 27) in the second quarter recorded a rapid increase from USD8.87 billion in the first quarter to USD15.24 billion in the second quarter of 2022, or grew 71.83% quarter to quarter (q-to-q).
In addition to the main commodities, several Indonesian export products showed very positive performance such as fertilizers (HS 31), ships/boats (HS 89), as well as nickel products and goods thereof (HS 75).
According to Trade Minister Zulkifli Hasan, the performance of exports to Indonesia's main trading partners in the second quarter was also positive. Exports to China, which is Indonesia's main trading partner country, was recorded at USD15.18 billion.
The export value to China contributed 21.54% of Indonesia's exports in the second quarter. In addition, during the same period, exports to India also grew rapidly, amounting to USD6.89 billion, or an increase compared to the first quarter which was recorded at USD4.53 billion.
In terms of imports, statistical data shows that in the second quarter of Indonesia's imports recorded a positive growth of 4.5% compared to the first quarter.
This import growth came largely from the increase in the value of oil and gas imports. Oil and gas imports were recorded at USD10.84 billion in the second quarter, an increase compared to the first quarter which was recorded at USD8.62 billion.
“With high export growth, Indonesia's trade balance in the second quarter recorded a fairly wide surplus of USD15.55 billion. This value exceeds the surplus in the first quarter which was only recorded at USD9.33 billion,” said Trade Minister Zulkifli Hasan.
Meanwhile, continued Trade Minister Zulkifli Hasan, in the period January-June 2022, Indonesia's total trade balance surplus of USD24.89 billion has made history as it is the highest and surpasses the previous highest surplus in 2007 of USD20.15 billion.
Trade Minister Zulkifli Hasan also said that the current turbulent global situation is expected to continue to provide benefits to commodity prices and become a 'windfall' for Indonesia's commodity export performance going forward. “However, the Indonesian government continues to anticipate through strengthening domestic production factors and prioritizing programs that maintain price stability and the availability of basic commodities. In addition, the Ministry of Trade is also actively diversifying export market access through a number of trade agreements to maintain export performance which is growing very well," concluded the Minister of Trade Zulkifli Hasan.
source: sindonews.com
08 August 2022