Indonesia is targeting nearly $294.5 billion in exports for the year 2025, aiming to drive the country’s economy towards a growth target of 8% set by President Prabowo Subianto. This optimistic forecast reflects a 7.1% increase from the $274.9 billion export baseline projected for 2024.
Trade Minister Budi Santoso expressed confidence that the 2025 export target is suitable given the current global economic landscape, including factors such as the gross domestic product (GDP) growth target, the rupiah-dollar exchange rate, and global commodity prices.
Looking ahead, Southeast Asia’s largest economy plans to increase its export target by nearly 7.1% year-on-year again in 2026, aiming for $315.3 billion. The target is set to rise by 7.9% to $340.2 billion in 2027 and by nearly 8.8% to $370 billion in 2028. The current government also aims to conclude its term with an export target of $405.7 billion in 2029, which would represent a 9.6% year-on-year growth compared to the 2028 target.
Additionally, Indonesia seeks to enhance the participation of its micro, small, and medium enterprises (MSMEs) in the international market. These enterprises currently represent about 61% of the national GDP. The export target for MSMEs in 2025 is set at $19.3 billion, with a goal of approximately $35.3 billion in exports by 2029.
Government data indicates that Indonesian exports totaled around $241.3 billion in the first 11 months of 2024, with the non-oil and gas sector contributing $226.9 billion. Mineral fuels accounted for 15.9% of the exported goods, while China remained the top destination for non-oil and gas exports, totaling $54.4 billion during the reviewed period.
Currently, Indonesia has 19 bilateral and multilateral free trade agreements, which have improved market access to the Association of Southeast Asian Nations (ASEAN), China, Australia, and Japan, among other regions.
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