Indonesia Export Data
22-Sep-2023
As we know, Indonesia is one of the fastest-growing market economies in the world and the biggest in Southeast Asia. As a member of the G20, Indonesia is considered as a growing and modernized country. As per the Indonesia Export Data, Indonesia's most significant export commodities are oil and gas, minerals, crude palm oil, electrical appliances, and rubber products. As per the export value in 2021, palm oil was Indonesia's most in-demand product during that year. In this blog, we will cover the market statistics on food and beverage products and understand the top export products from Indonesia.
Indonesia's economy is highly driven by increasing household consumption of food and beverages. Indonesia people have an unconditional love for rice, the most common staple food across the islands. However, you will notice taro, sweet potato, or cassava more frequently as you travel east to Sulawesi, Makassar, Maluku, and Papua. Instant noodles are also rather famous nowadays, and even restaurants offer them. Nasi goreng, a fried rice dish with sweet, thick soy sauce, acar, pickled cucumber, and carrots, is regarded as the national cuisine of Indonesia.
Food and beverages play a significant role in the Indonesia economy. Around 13% of Indonesia's GDP in the primary sector came from the production of raw materials for the food and beverage industry through agriculture, plantations, and fisheries. Also, the food and beverage department takes responsibility for maintaining the standards of food and the price of the restaurants. With fast-changing consumer requirements and strict health regulations, the significance of the handling processes for food and beverages plays a vital role.
According to the Indonesia Food and Beverage Industry Association, the F&B industry will be a vital driver of the country's economic development, especially regarding processed food and beverage products.
Within the 'Making Indonesia 4.0' roadmap launched by Indonesian Prime Minister Joko Widodo last year, the food and beverage industry was listed as one of the major five sectors in the world. Numerous initiatives have been placed on the roadmap.
Also Read: Indonesia's top imports
Despite being impacted by the COVID-19 pandemic, the food and beverage industry is still stable, growing 3.68% in the second quarter of 2022, a significant increase compared to the same period in 2021 of 2.95% based on Indonesia Trade Data.
In the same period, the food and beverage industry contributed 38.38% to the GDP of the non-oil and gas industry, making it the sub-sector with the highest GDP contribution in Indonesia. In January-June 2022, exports of the food and beverage industry reached USD 21.3 billion, an increase of 9% compared to the same period in 2021 of USD 19.5 billion, as per Indonesia export data.
Another outstanding result was the food and beverage sector, which drew in Rp. 21.9 trillion in investment until the second quarter of 2022 and employed up to 1.1 million people.
As we know, Indonesia is well known for its export commodities. Based on Indonesia Trade Data, Indonesia’s most important export commodities are
The top food commodities exported from Indonesia are:
These food items also have the greatest development potential. There are chances for exporters to feed Indonesia's large tourism market, expanding food processing industry, and contemporary retail channels despite the country's frequently difficult and unpredictable regulatory environment, particularly for those products that may compete with local products. If you need an updated list of Indonesia suppliers and buyers, or top exported commodities, you need to Visit the IndonesiaTrade Data platform to analyze the Indonesia import and export data.
Simply, you need to visit the Indonesia Trade data-driven dashboard to analyze the updated and accurate Indonesia import and export data. IndonesiaTradeData is a market research dashboard that provides import and export data and offers authentic information about international trade.
We provide the most updated India trade data, HS codes, shipment details, buyer list, and supplier list for Indonesia. We also have a database of import and export data, so you can research the demand for these electrical goods in different countries.
In conclusion, Indonesia is one of the growing markets for food and beverages in the world. The food and beverage industry also plays a significant role in the global economy, and it will become the fourth-highest global economy by the year 2050.
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