Exports Targeted at US$5 Billion

The furniture industry is one of national foreign exchange-generating sectors that utilizes local raw materials, the absorption of which uses the rupiah currency, while the export results are denominated in US dollars.

KOMPAS/M PASCHALIA JUDITH J

The Coordinating Minister for the Economy Airlangga Hartarto gave his opening remarks at the opening of the International Furniture Expo 2023 at the Jakarta International Expo Kemayoran, Jakarta, Thursday (9/3/2023).

JAKARTA, KOMPAS — Supported by a financing scheme in the industry, market expansion and exhibitions that can bring in 12,000 buyers from 112 countries, Indonesia’s furniture exports are targeted to amount to US$5 billion next year.

Coordinating Economic Minister Airlangga Hartarto said the export value of furniture including handicrafts throughout 2022 had been only $3.5 billion. "It means an export value [of furniture] of $5 billion has yet to be achieved," he said when opening the 2023 International Furniture Expo (Ifex) at the Jakarta International Expo in Kemayoran, Central Jakarta, on Thursday (9/3/2023).