Alcohol imports to Indonesia are really high, this is the proof

Published Mar 2, 2021

Tridge summary

The Indonesian government has recently relaxed investment permits in the alcoholic beverage sector, as outlined in a new presidential regulation. This move aims to stimulate local investment in the industry, despite concerns about the country's rising alcohol consumption and imports. Over the years, Indonesia's alcohol imports have seen a significant increase, with 2018 marking the highest value at US $ 40.44 million. Wine was the dominant import, accounting for US $ 18.65 million. The majority of these imports originated from the European Union, with wine making up 14% of Indonesia's total alcohol imports in 2019.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - The government has officially relaxed investment permits in the alcoholic beverage (minol) sector. This is stated in the new Presidential Regulation (Perpres) Number 10 of 2021 concerning the Investment Business Sector. This policy has pros and cons in the community. On the other hand, Indonesia has imported too much of this commodity in recent years. Based on UN Comtrade data, in 2018 it was the highest value with US $ 40.44 million, whereas in 2015 the value was only US $ 10.09 million, meaning that it increased by more than 4 times over the span of 3 years. Wine with the HS code 2204 became the largest with US $ 18.65 million, followed by alcohol. Apart from the two types of alcohol, in 2018 there was also beer from malt with US $ 2.66 million, vermouth US $ 0.02 million and other ferments. US $ 0.32 million. Meanwhile, if you look at Indonesia's imports especially from the European ...

Source: Cnbcindonesia