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Trade expo closes with US$22.94 billion in deals
Indonesia's largest trade exhibition exceeded its target by 31 percent, connecting exporters with international buyers across five days.
In brief
Indonesia's largest trade exhibition exceeded its target by 31 percent, connecting exporters with international buyers across five days. The 41st Trade Expo Indonesia closed on October 18 with potential transactions of US$22.94 billion, surpassing its US$17.5 billion target by 31.1 percent. Originally reported by…
Expo closes with record deals
Minister of Trade Budi Santoso officially closed the 41st Trade Expo Indonesia on October 18 after five days at ICE BSD City, Jakarta.
Transactions exceed target by 31 percent
The expo recorded potential transactions worth US$22.94 billion, surpassing its US$17.5 billion target by 31.1 percent over the five day event.
“Over the five days of the 41st TEI, transaction value reached US$ 22.94 billion, surpassing the US$ 17.5 billion target.”
Deals cover 426 agreements
The potential transaction value covers 426 memoranda of understanding. This includes US$327.7 million from the Pangan Nusa Expo, a domestic culinary exhibition.
Top trading partners identified
The countries with the largest potential transaction values were India, the Netherlands, Bangladesh, the United Arab Emirates, and Japan.
Leading product categories
Product categories with the highest potential transaction values included food and beverages, jewelry, wood products, agricultural products, and paper.
Exhibitor and buyer numbers surge
The expo attracted 1,873 exhibitors, exceeding the target of 1,500 by 24.9 percent. It recorded 9,600 registered buyers from 151 countries and more than 45,287 visitors.
Young entrepreneurs showcase products
Through Campuspreneur, a program under the Ministry of Trade's strategic initiative From Local to Global, 25 participants from 20 universities showcased innovative products.
Student program generates millions
Campuspreneur participants took part in pitching sessions and business matching with international buyers, recording potential transactions of more than US$24.57 million.
Ministry plans follow up strategy
The Ministry of Trade will continue monitoring and following up on agreements established during the expo to ensure transaction opportunities develop into trade contracts.
“We do not stop at organizing the exhibition. The Ministry of Trade, together with trade representatives abroad, will continue to monitor and follow up on agreements established during TEI.”
In short
The 41st Trade Expo Indonesia closed on October 18 with potential transactions of US$22.94 billion, surpassing its US$17.5 billion target by 31.1 percent.
