Indonesian swallow's nest a treasure targeted by China

Published 2021년 3월 16일

Tridge summary

The article highlights the significance of swallow's nest in the export market, with a surge in demand from the Chinese market. In 2019, Indonesia's total export value of swallow nest commodities increased by 25% from the previous year, reaching US $ 363.9 million with a total volume of 1,258.7 tons. The main export destinations were China and Hong Kong, with other countries including the United States, Japan, South Korea, Taiwan, Macau, Thailand, Singapore, Malaysia, Laos, Australia, Vietnam, and Canada. The trade minister of Indonesia calculated the potential value to be US $ 3.5 billion based on the price of 2,000 tons sold directly to China. The import value of Chinese swallow's nest from Indonesia from January to November 2020 reached US $ 350.93 million, marking an 88.6% increase from the same period in 2019.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Swallow's nest is an important commodity in the export market. This commodity is in great demand in the Chinese market. The swallow's nest commodity was a topic of conversation after the statement of the Minister of Trade, M. Lutfi, who said it had a value of hundreds of trillions of rupiah. From data from the Central Statistics Agency, the total export value of swallow nest commodities reached US $ 363.9 million in 2019 with a total volume of 1,258.7 tons, an increase of 25% from the previous year's US $ 290 million of 1,291.9 tons. There are 14 countries that are export destinations for Indonesian swallow nests, most of which are to China and Hong Kong which are known to consume lots of infused swallow nests, followed by the United States. In 2018 Vietnam became the largest importer of Indonesian swallow nest products, but its position was shifted by Hong Kong in 2019. The rest went to Japan, South Korea, Taiwan, Macau, Thailand, Singapore, Malaysia, ...

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