Beijing, China – As of April 14, 2022, there are 2,278 Indonesian firms on the list of foreign corporations that have acquired authorisation from the General Administration of Customs of China (GACC).
Marina Novira Anggraini, Trade Attache at the Indonesian Embassy in Beijing, said, ” as predicted, the implementation of GACC Decree 248 would have a substantial impact on us.”
According to GACC statistics released in Beijing on Sunday, the number of Indonesian enterprises registered with China Customs is the highest among ASEAN member nations.
Indonesia has more firms than Vietnam (2008), Thailand (1,631), Myanmar (1,052), and Malaysia combined (1,021).
All foreign food makers, processors, and storage facilities must register with the GACC under GACC Decree 248, which was released in 2021. Foreign items will be given export labels once they have been approved by GACC.
“This registration has a five-year validity term,” Marina Novira Anggraini remarked.
The value of Indonesia’s exports to China reached US$63.63 billion (Rp914.16 trillion) in 2021, rising 70.02 percent from the previous year. Indonesia’s imports from China were US$60.71 billion, a 47.87 percent increase over the previous year.
As a result, according to GACC figures from early February, Indonesia had a trade surplus of US$2.92 billion (Rp41.95 trillion) last year.
In the same year, bilateral trade between Indonesia and China reached US$124.34 billion (Rp1.79 quadrillion), a 58.43 percent rise.
Mineral fuels, nickel derivative goods, milling industry products, ceramic products, precious metals, processed vegetables, natural pearls, cultured pearls, and processed fish flesh were among Indonesia’s key exports that increased by more than 100 percent.
In 2021, the country’s food, coffee, tea, and spice exports to China increased by more over 60%.
Indonesia is third among ASEAN countries in terms of trade with China. Indonesia was placed fifth and fourth in 2019 and 2020, respectively.
