June 10, 2021 | Member's News

Automotive industry becomes 5th-largest contributor to forex

Source from: Antara News

Original News HERE


The automotive industry is a sector that contributes significantly to exports, according to the Ministry of Trade.

“The automotive industry is a sector that contributes significantly to exports,” Acting Director General of Foreign Trade, Indrasari Wisnu Wardhana, noted during the webinar ‘National Automotive Sector: Turning Challenges into Opportunities’ here on Thursday.

According to Wardhana, the automotive sector is a crucial sector that is the fifth-largest contributor to foreign exchange from exports, after steel, machinery, and electronic equipment.

Wardhana noted that Indonesia was the sixth-largest automotive market for non-oil and gas exports during the January-April 2021 period, with exports valued at US$3.13 billion. Meanwhile, Indonesia’s automotive exports also increased by 35.67 percent during the January-April 2021 period, from the corresponding period in 2020.


Reporter: Adimas Raditya Fahky P, Katria
Editor: Fardah Assegaf