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The 6th China (Indonesia) Trade Fair was a hot spot in 2024 as Chinese enterprises opened their doors to the sea! Indicating the arrival of the golden age of going overseas to Indonesia!
On March 13th, the 6th China (Indonesia) Trade Fair (hereinafter referred to as "Indonesia Fair") was grandly opened in Jakarta International Convention and Exhibition Center. This year's fair was guided by the Department of Commerce of Guangdong Province, hosted by Hangzhou Municipal People's Government, co-sponsored by Ningbo Municipal Bureau of Commerce and Yuyao Municipal Bureau of Commerce, and organized by Miolant International Exhibition. Nearly 400 enterprises from Guangdong, Zhejiang, Jiangsu, Sichuan, Jiangxi and other places to form more than 500 booths exhibitors, the total display area of more than 15,000 square meters, tens of thousands of China-made products focused on Jakarta, in the Southeast Asian market demand for China's procurement of the growing background, the growth rate of the leading "to pick up the beam", open the In 2024, foreign trade "opened the door", sending a double signal to the world of China's economic recovery and opening up. In addition, in order to better meet the local buyers' strong demand for business matchmaking, the exhibition period of this year's Indonesia Trade Fair has been extended from the traditional 3 days to 4 days, which has become a landmark business activity for Chinese enterprises to collectively go to the sea in the beginning of the year to grab orders and docking in depth with the Southeast Asian market. The successful launch of the Sixth China (Indonesia) Trade Fair will undoubtedly deepen the trade and cooperative relations between the two countries, boost the vitality of the regional economy, add bricks and mortar to the China-Indonesia Economic Corridor under the initiative of "One Belt, One Road", and create a better future of openness and win-win situation. At the same time, it also confirms the arrival of the golden era for Chinese enterprises to go overseas to Indonesia! On June 4-7, 2024, Miolant will join hands with Hannover again to hold TIN2024 Indonesia Industrial Equipment and Components (United) Exhibition at Jakarta International Exhibition Center, focusing on logistics technology and transportation systems, power transmission and control technology, compressors and equipment, construction machinery, fasteners and machining equipment, and other industrial machinery, equipment and components, providing Chinese industrial enterprises with an excellent business and trade opportunity to expand Indonesia's It provides Chinese industrial enterprises with an excellent business platform to expand the market in Indonesia and even Southeast Asia.
Xuzhou Bureau of Commerce organized a seminar on "Analysis of Indonesia Market Exploitation", and Miollante shared the dividends of construction machinery enterprises going overseas.
According to the statistics, the population of Indonesia is about 280 million, according to the economic forecast, by 2045, the population of Indonesia will reach 324 million, and it is expected to develop into the fourth largest economy in the world, Indonesia, a Southeast Asian country with dividends and potentials, has attracted the attention of the business community, and has gradually become one of the blue sea directions for the Chinese enterprises to go out. Indonesia is one of the major pillars of Indonesia's economy. Industry is an important pillar of Indonesia's economy, accounting for about 30% of GDP, mainly concentrated in manufacturing, mining, construction and other fields, construction machinery as the necessary equipment for these fields, with the continuous development of these fields, the demand is also very large, the market outlook is very broad. However, due to Indonesia's industrial base and technology level is relatively weak, the domestic production of construction machinery can not meet the market demand, so most of the construction machinery and intermediate goods, need to be imported, it is reported that in March 2023, Indonesia's imports of construction machinery from China totaled 3.366 billion U.S. dollars, accounting for 24.98% of the total imports of Indonesia, the subsequent share will continue to rise.
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Strong Rise of Agricultural Machinery, Indonesia Becomes a Must in Southeast Asia Market!
Indonesia's agriculture sector GDP in 2022 was around $132 billion, rising to $4,783.9 per capita, and as the world's leading agricultural country, the country's agriculture, forestry, and fisheries GDP growth rate is projected to be around 2.25%, providing a strong impetus to the economy. With the development of the agricultural sector, it has provided employment opportunities for millions of people in Indonesia, with job employment accounting for more than 40% of the country's total employment, and agriculture is also an important sector in Indonesia. In order to modernize operations and increase productivity, Indonesia has a growing demand for agricultural machinery.
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Spotlight on Indonesia's Industry: Huge Market for Machine Tools and Metalworking, Nearly 50,000 Machine Tools Demanded Annually
As Indonesia enters the Industry 4.0 era, the industrial and manufacturing sector is gradually becoming is the backbone of Indonesia's economy, and by 2025, Industry 4.0 is expected to contribute approximately $121 billion to Indonesia's GDP. It is expected that in 2030, the share of manufacturing in Indonesia's GDP will rise to 25%, is the key to Indonesia's economic growth. Known as the "mother of industry" machine tools and metal processing equipment, is the core production base of the equipment manufacturing industry, with the increasing demand for industrial machinery, Indonesia's demand for machine tools and metal processing equipment is increasing day by day. It is reported that in 2022, Indonesia machine tools and metal processing market size of 15 billion U.S. dollars, is expected to maintain an average annual growth of more than 5% in the next few years. Indonesia machine tools and metal processing market demand covers automotive, construction machinery, metallurgy, construction, furniture, electronics and other industries. Among them, the automotive industry is the largest segment of the Indonesian machine tool and metalworking market, accounting for about 40% of the market share
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