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Indonesia Targets $18.84 Billion in MSME Exports

Olusola Blessing by Olusola Blessing
February 26, 2025
in Business, News
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Indonesia Targets $18.84 Billion in MSME Exports
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The Indonesian Ministry of Trade has set an ambitious export target of $18.84 billion (Rp306.52 trillion) for micro, small, and medium enterprises (MSMEs) in 2025, marking a 12.54% increase from the previous year. The goal covers exports to 33 countries, with the government focusing on expanding market access and boosting global competitiveness.  

Deputy Minister of Trade, Dyah Roro Esti, announced the target on February 24, emphasizing the government’s commitment to strengthening MSME exports. To achieve this, the Ministry of Trade has partnered with the Ministry of State-Owned Enterprises (SOEs) through a Memorandum of Understanding (MoU) aimed at developing and empowering export-ready MSMEs.  

“Hopefully, this collaboration can run in the next few years and produce innovations that we are waiting for for MSMEs,” Esti said.  

The Ministry of Trade operates 33 representative offices abroad, which will play a key role in analyzing markets and identifying export opportunities for Indonesian MSMEs. The MoU, finalized in just two months, reflects an intensified effort to equip small businesses with the tools needed to expand internationally.    

The agreement between the Ministry of Trade and the Ministry of SOEs will run for three years, focusing on four key strategies:  

– Strengthening domestic supply chains to ensure MSME products meet international standards.  

– Enhancing human resource capacity to improve global competitiveness.  

– Providing financing support to facilitate access to export capital.  

– Launching additional initiatives that promote MSME export development.  

Secretary General of the Ministry of Trade, Isy Karim, highlighted the rapid progress in drafting the MoU, stating that representatives from both ministries worked intensively to finalize the details. He expressed confidence that the agreement would yield long-term benefits for Indonesia’s MSME sector.  

With this new initiative, the government aims to position Indonesian MSMEs as key players in the global market, driving economic growth and strengthening trade ties with international partners.

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