Indonesia ranks as ASEAN's 4th largest F&B exporter, trailing Thailand, Vietnam, Singapore
Indonesia's food and beverage exports have reached US$6.25 billion, making it the fourth-largest F&B exporter in ASEAN behind Thailand, Vietnam and Singapore, according to its trade deputy minister.
Indonesia has emerged as the fourth largest food and beverage (F&B) exporter in the Association of Southeast Asian Nations (ASEAN), trailing Thailand, Vietnam, and Singapore, according to Dyah Roro Esti, Indonesia's deputy minister of Trade. F&B exports currently amount to $6.25 billion, presenting significant potential for growth.
Esti highlighted that Indonesia is behind Thailand, which exports $17 billion worth of F&B, followed by Vietnam at $8.8 billion and Singapore with $6.5 billion. The deputy minister emphasized the promising market potential for Indonesian F&B products, particularly those that adhere to halal standards, pointing to the Middle East as a promising region for expansion.
The Indonesian government is leveraging its international trade network to aid domestic businesses in reaching overseas markets. This includes a network of Trade Attachés and Indonesian Trade Promotion Centers in 33 countries, which connect Indonesian businesses with potential international partners and buyers. The Indonesian diaspora also plays a crucial role in promoting the country's F&B products globally.
The Indonesian government is focusing on leveraging its international trade network, exploring new markets, and tapping into the growing demand for halal food to increase F&B exports in the future.
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