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Indonesia plans to achieve export target of US$3.87 to Turkey in next four years

YarnsandFibers News Bureau 2015-03-24 14:00:00 – Balkan

Indonesia plans to achieve export target of US$3.87 billion to Turkey within the next four years by facilitating Turkish businesses as well as promoting domestic products, according to the Trade Ministry’s director general for national export development, Nus Nuzulia Ishak.

Indonesia would be facilitating potential Turkish buyers to come and connect them with local business to achieve the target. This would be carried out through buying missions and business forums, Nus said Monday.

Buying missions are primary ways to grab export opportunities and to promote Indonesian products to buyers, which is expected to generate trade and investment in Indonesia.

Among the products with the most potential to increase exports to Turkey are textile as well as textile products and food, particularly halal food and Muslim fashion items, according to mapping by the Trade Ministry.

Turkey was the 23rd-biggest destination for Indonesian exports in 2014, while Indonesia was the 26th supplier for Turkey.

Last year, Indonesia’s exports to Turkey amounted to $1.45 billion and comprised mainly woven fabrics, artificial staple fibers, palm oil, yarn, furniture and electronic parts. On the other hand, imports stood at $1.03 billion, consisted of synthetic yarn, tobacco, wheat, chemical, marble and tractors.

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