Indonesia: Palm oil shells exist in Japan, transaction value reaches 12 Million USD per year

Published 2021년 11월 30일

Tridge summary

The Ministry of Trade in Indonesia is working to increase national exports, particularly palm shells, to reach the Japanese market, with a transaction value of US$12 million annually. This initiative is part of Japan's energy policy, which aims for 24% of its energy to come from new and renewable sources by 2030. The Ministry is facilitating business matching meetings with Japanese biomass industry business players to maintain and increase palm shell exports to Japan. In the first half of 2021, Indonesia's non-oil and gas trade with Japan saw a 29.08% increase compared to the same period in the previous year, reaching US$22.53 billion. The main export commodities to Japan in 2020 included coal, precious metal scrap, petroleum gas, nickel, and insulated cables, while the main import commodities were motor vehicle accessories, sheet steel in the form of coils, steam turbines, and completely knocked down motor vehicles.

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Original content

JAKARTA - The Ministry of Trade continues to carry out efforts to increase national exports until the end of 2021. This time, palm shell exports managed to penetrate the Japanese market with a transaction value of US$12 million per year. Japan is considered a potential market for national palm shell products. “To maintain the trade balance surplus, the government continues to develop products and commodities with potential for export with high demand and selling value in the global market. One of these commodities is palm oil shells," said the Director General of National Export Development of the Ministry of Trade Didi Sumedi in a press release, Monday (11/29/2021). This palm shell export is the result of a one-on-one business matching between Indonesian palm oil shell business players and Japanese biomass industry business players which was carried out in Pekanbaru, Riau on Wednesday-Thursday (24-25/11). The business meeting was facilitated by the Ministry of Trade with the ...

Source: Gapki