Indonesia is aiming to record nearly $294.5 billion in exports this year to catapult the country’s economy towards 8 percent growth as targeted by President Prabowo Subianto.Prabowo is upbeat that the Indonesian economy can expand 8 percent within his first term, topping the country’s 5-percent natural growth rate. This ambitious goal translates into yearly export target increases. The resource-rich Indonesia is eyeing $294.5 billion in exports in 2025, up by 7.1 percent year-on-year (yoy) from the $274.9 billion yearly export baseline in 2024.Indonesia also wants to have more of its micro, small and medium enterprises (MSMEs) -- which make up about 61 percent of the national GDP -- penetrate into the international market. In 2025, Indonesia has set an export target of $19.3 billion to its MSMEs. By 2029, these small businesses should post approximately $35.3 billion in exports that year, according to Budi. Government data shows Indonesian exports totaled about $241.3 billion in the 11 months of 2024. The latest data only included the overall export figures up to November. Indonesia's non-oil and gas sector contributed $226.9 billion with mineral fuels making up 15.9 percent of the exported goods. China remained Indonesia's top destination for non-oil and gas exports, reaching $54.4 billion over the said period. At present, Indonesia has 19 bilateral and multilateral free trade deals. These pacts have provided Indonesia with better market access to ASEAN, China, Australia, and Japan, among others.Source:https://jakartaglobe.id/business/indonesia-sets-2945-billion-export-target-for-2025  (ICE GIACARTA)

Fonte notizia: Jakarta Globe, 6 January 2025