Indonesia’s GDP is expected to reach 1270.00 Billion USD in 2022. It has become the Southeast Asia’s largest economy. Indonesia is very rich in natural resources and shares major trade routes. Indonesia ranks first in terms of Palm Oil exports. Recently Indonesia imposed a ban on palm oil exports. That has affected the supply chain…
According to Indonesia import-export data, the world’s supply of cooking oil, already strained by the Russia-Ukraine conflict, will be further strained by Indonesia’s decision to halt palm oil exports, which will take effect on April 28. Following local scarcity and skyrocketing prices, the country made the decision. According to our statistics as of September, Indonesia…
According to the latest release of Indonesia import-export data, Indonesia’s monthly trade surplus is predicted to drop by 80% to $190 million in January after the world’s largest coal exporter slashed shipments last month and imports grew. Due to critically low coal inventories at local power plants, authorities announced an unexpected halt of all coal…
The Minister of Trade recently implemented Regulation no 18 on goods barred from being exported and imported under this new regulation. Before the introduction of Regulation 18, only 116 goods were prohibited from being imported but now the number of prohibited goods has increased to 149 and the exportation of prohibiting goods has increased from…
