The economy of Indonesia is substantial in the South-eastern region of Asia and is one of the leading emerging market economies. The country has a mixed economic system which incorporates a variety of private freedom, combined with centralized economic planning and government regulation. The industrial sector plays a crucial role in the Indonesian economy, as it contributes relatively high more than 20% of national output.
The Indonesian aluminium sector is regaining its growth significantly, following the deceleration caused by the Covid pandemic. The island nation, Indonesia classified as a newly industrialized country exported 60,884 tonnes of aluminium structures during 2019-21, attracting foreign revenue inflow of $194.14 million from the export.
In 2019, Indonesia registered aluminium structures export of 8944 tonnes, incurring revenue earnings of $31.14 million, whereas, in 2020, the export marked remarkable growth by 52%, as the export volume excelled to 18,633 tonnes and the earnings surged to $56.15 million.
Indonesian manufactured aluminium structures scaled its export demand by 78.75% in 2021, counting revenue earnings to skyrocket by $106.85 million.
The aluminium structures export of Indonesia has been analysed with further outstanding growth of 14.91%, as the export volume is anticipated to reach 38,274 tonnes, stretching earnings to $122.37 million.
The major trading destinations for Indonesia’s export of aluminium structures are Canada, Japan, France, China, Malaysia, Singapore, Thailand, USA, etc.
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