Indonesia: Fisheries trade balance January-August 2024 surplus US$ 3.41 billion

Published 2024년 9월 21일

Tridge summary

Indonesia's fisheries trade balance from January to August 2024 showed a surplus of US$ 3.41 billion, as the country continued to be a net exporter of fishery products despite some imports. The Ministry of Maritime Affairs and Fisheries explained that imports were restricted to commodities with no local substitutes and necessary for specific industries and the horeka sector. The government also ensured transparency in imports through the Indonesia National Single Window and collaborated with other agencies to review import decisions based on domestic supply and demand. The period saw a significant decrease in imports of several commodities and a rise in local supply, leading to a reduction in mackerel imports and no new allocations for 2024 due to domestic sufficiency. The government also took steps to protect local fishermen by regulating imports and preventing unauthorized sales of imported salmon in the local market.

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Original content

Reporter: Noverius Laoli | Editor: Noverius Laoli KONTAN.CO.ID - JAKARTA. The Ministry of Maritime Affairs and Fisheries (KKP) noted that Indonesia's fisheries trade balance during the period from January to August 2024 experienced a surplus of US$ 3.41 billion. Despite imports of several fishery commodities, Indonesia maintains its status as a net exporter of fishery products. Director General of Strengthening the Competitiveness of Marine and Fishery Products (PDSPKP), Budi Sulistiyo, emphasized that imports are only carried out for commodities that do not have local substitutes and are needed by special processing industries and the hotel, restaurant, and catering (horeka) sector. Regulations related to import control are regulated through a number of regulations, including Government Regulation Number 9 of 2018 and Presidential Regulation Number 61 of 2024 concerning the Commodity Balance. Imports of fishery commodities are integrated through the Indonesia National Single ...

Source: Kontan