Exhibitions at the 37th Trade Expo Indonesia Books $ 2.94 Billion in Temporary Transactions

JAKARTADAILY.ID – The 37th Trade Expo Indonesia which was held offline ended on Sunday, October 23, 2022. This largest trade exhibition in Indonesia recorded a potential temporary transaction of $2.94 billion or Rp 45.8 trillion.

"The results of the 37th TEI, which was held offline on 19-23 October 2022, managed to record a potential temporary transaction of $2.94 billion or Rp 45.8 trillion," said Indonesian Minister of Trade Zulkifli Hasan at the International Convention Center (ICE), BSD, Tangerang, Banten on Sunday, October 23, 2022.

Zulkifli said the value of this transaction will still increase, considering that TEI 2022 will continue to take place online until December 19, 2022, through the website www.tradexpoindonesia.com.

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"The value of this transaction will still increase, considering that TEI 2022 will continue online until December 19, 2022. We should be grateful for this achievement in the midst of challenging economic conditions," said Zulkifli Hasan.

The potential temporary transactions of $2.94 billion came from goods and services transactions worth $2.83 billion and investments of $111.5 million.

The value of the transaction of goods and services came from transactions through a memorandum of understanding (MoU) with a value of $1.77 billion, covering trade in goods of $1.77 billion and services of $843.2 thousand; daily transactions of $850.6 million; as well as transactions originating from business matching cooperation of $ 200.5 million.

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Meanwhile, the investment transactions specifically consist of investments from the Netherlands amounting to $100 million for the delivery of coastal power supplies; from South Korea $10 million for agriculture and livestock; and from Belgium $1.5 million for furniture products.

The 10 largest countries that carried out trade transactions during the 37th offline TEI were India with a total transaction of $871.1 million, followed by Japan (SD 568.9 million), the United States ($197.3 million), Malaysia ($181 million), Egypt ($167.5 million), Vietnam ($121.9 million), the Philippines ($120.1 million), Saudi Arabia ($112.4 million), Italy ($82.9 million), and China ($75 million).

Meanwhile, the 10 products most in demand by the 37th TEI, namely palm oil with a total transaction of $577.2 million or 20.43 percent, paper and paper products ($380.8 million or 13.48 percent), agricultural products ($361 million or 12.78 percent), coal ($340 million or 12.03 percent).

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Then, processed foods ($277.2 million or 9.81 percent), wood products ($189 million or 6.7 percent), chemical products ($147.3 million or 5.21 percent), furniture ($137.7 million or 4 .87 percent), electronics and electrical appliances ($74.8 million or 2.65 percent), and spices ($68.1 million or 2.41 percent).

In terms of visitors, the exhibition which was attended by 795 business people managed to bring in 3,226 buyers from 187 countries. In addition, the exhibition was also attended by 27,063 visitors. Minister of Trade Zulkifli Hasan added that the 2023 Jakarta Muslim Fashion Week (JMFW) which was held in conjunction with TEI also reaped results. This event managed to record a total transaction of $13.2 million or Rp.203 billion.