Indonesia
INDONESIA'S CHEMICAL INDUSTRY EXPORTS HIT US$ 17.39 BILLION IN 2024
Indonesia's Ministry of Industry recorded the chemical industry's export value at US$17.39 billion (approximately IDR 284.3 trillion) in 2024. This growth also reflects the expansion of the pharmaceutical sector, with the chemical, pharmaceutical, and traditional medicine industry group growing by 5.86%, surpassing the national economic growth of 5.03%. Director General, Taufiek Bawazier, emphasized the need for an integrated petrochemical and energy ecosystem to enhance the competitiveness of domestic production. The Ministry of Industry reported that chemical industry investments in 2024 reached IDR 65.76 trillion. To further encourage investment, the ministry is implementing facilitation policies for the petrochemical industry in regions like Teluk Bintuni, Tanjung Enim, and East Kutai. The chemical industry's performance is expected to significantly contribute to the government's target of achieving 8% national economic growth over the next five years, with an added value contribution of IDR 46.09 trillion by 2029. Researcher Ahmad Heri Firdaus from the Institute for Development of Economics and Finance (INDEF) highlighted the role of major petrochemical companies like PT Chandra Asri Pacific Tbk in Indonesia's industrial landscape. The CA-EDC factory, part of Chandra Asri Group, is expected to have a multiplier effect on the national electric battery industry, enhancing Indonesia's position in the global EV supply chain. To support the economic growth target, the Chemical, Pharmaceutical, and Traditional Medicine sectors require an additional investment of at least 8.12%, with strategic steps to encourage investment in the chemical industry being crucial.Source: https://finance.detik.com/industri/d-7825908/nilai-ekspor-industri-kimia-ri-sentuh-rp-284-t-di-tahun-2024 (ICE GIACARTA)
Fonte notizia: detikFinance, 16 March 2025
