Fri, 15 Aug 2008
Thursday, 14 August, 2008 | 12:10 WIB

TEMPO Interactive, Jakarta: Exports from Indonesia to South Africa in 2008 are targeted to increase by 25 percent. According to the Director for Export Development in East Timor at the National Export Development Agency Radu Malem Sembiring, the increase is triggered by the industry exhibition of Decorex at Johanneshburgh in South Africa from July 30 to August 3.

Twelve entrepreneurs from furniture, textile, batik, handicrafts, and sports equipment industries attended the exhibition. Total transactions in the exhibition reached US$283,000 including US$152,000 from batik, US$115,000 from furniture, and US$16,000 from sports equipment.


Radu said negotiations between exhibition visitors and Indonesian entrepreneurs are continuing. “We can increase the trade transactions between two countries,” he said today.

One of the on-going negotiations is between PT Incor Bola Pacific and the South Africa Soccer Association for preparing the 2010 World Cup. “PT Incor Bola Pacific has 4,000 orders,” said Radu.

He mentioned furniture as a potential product with high prospects in the South African market. The furniture export value to South Africa is only US$18 million.
While the need for furniture in South Africa is US$500 million. So there is opportunity there,” said Radu.

The value of exports from Indonesia to South Africa in 2007 reached US$557 million while the value of imports was US$252 million. “Indonesia still can have a profit of US$305 million,” he said.

For the last five years, ten main products are being exported from Indonesia to South Africa. They are paper, coffee, textile threads, ceramics, motorized vehicles, and construction materials. Indonesia imported cotton cloth, iron, beet sugar, chemical materials, TV spare parts, and motorized vehicles from South Africa.

CORNILA DESYANA



News Search/Filter
Transaction Rates
17 Dec 17
Buy
Sell
BTC1
258,343,483
258,343,483
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services