Indonesian Minister of Trade Zulkifli Hasan releases IDR 11 billion of areca nut exports to Saudi Arabia and Bangladesh

Published 2024년 7월 14일

Tridge summary

Minister Zulkifli Hasan has signed the release of areca nut export shipments worth US$ 692 thousand to Saudi Arabia and Bangladesh, reinforcing Indonesia's leading global position as the largest exporter of areca nuts, contributing 35% to the world's demand. In the first five months of 2024, Indonesia's areca nut exports reached a value of US$ 49.1 million to countries such as Iran, India, China, Bangladesh, and Malaysia, aiming to grow in a market that saw a 39.04% increase in 2023. The Ministry of Trade is actively supporting the growth of other potential export commodities like chocolate, coffee, pepper, cloves, and cinnamon by opening access to foreign markets through trade agreements and providing support to exporters. This includes participation in the Trade Expo Indonesia event, which is set to take place on October 9-12, 2024, to further expand market opportunities.

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Original content

Minister of Trade Zulkifli Hasan (Zulhas) symbolically released areca nut products worth US$ 692 thousand or Rp. 11 billion for export abroad. The details are 8 containers to be sent to Saudi Arabia and 20 containers to Bangladesh. ADVERTISEMENT "The export activity we are seeing today is clear evidence that the potential for product diversification for export is very large, ranging from natural resources, manufacturing, to agricultural and plantation products, such as this morning we saw containers containing areca nut for export," said Zulhas at the Pinang Product Export Release event by PT. Best Star Indonesia in Jambi, Saturday (13/7/2024). Zulhas, who is also the General Chair of PAN, said that Indonesia has quite potential areca nut commodities. The reason is, Indonesia is the largest areca nut exporter in the world. Also Read: Forms Task Force, Minister of Trade Zulhas Finds Differences in Import Data “Indonesia is the number 1 areca nut exporter in the world, supplying 35% ...

Source: Wartaekonomi