Exports, imports to support economic growth in 2022: Ministry of Commerce


Jakarta (ANTARA) – Exports and imports could provide relatively large support for economic growth in 2022, said the head of the Trade Assessment and Development Agency at the Ministry of Commerce, Kasan.

“Exports and imports should be strong enough support for economic growth next year, apart from household consumption,” he noted in a webinar on Wednesday.

The Indonesian government has set an economic growth target of 5% to 5.5% for 2022, supported by growth of 5 to 5.3% in household consumption, 5.8 to 7.9% in exports and from 6 to 8.6% of imports, he noted.

In addition, public consumption is expected to increase by 2.8-4.5%, while investment is expected to increase 5.6-7%, he said.

Related news: BI optimistic about 4.7-5.5% economic growth in 2022

Meanwhile, the trade ministry is developing outlook for strategic trade indicators for 2022, including the merchandise trade balance, which is expected to reach $ 19.1 to $ 19.6 billion, Kasan said.

Real exports of goods and services are expected to grow by 4.16%, non-oil exports are expected to grow from 5.40 to 5.79%, while the ratio of services exports to GDP is expected to be 1.5%, a he added.

According to Kasan, the economic situation in 2022 will be influenced by various factors, including the country’s successful management of COVID-19, the recovery in public consumption, the implementation of structural reforms and the outlook for global economic growth.

The COVID-19 management policies carried out in a comprehensive and massive manner by the implementation of restrictions on public activities (PPKM), accompanied by an acceleration of vaccinations and the dissemination of health protocols, should increase the confidence of the populations in carrying out socio-economic activities, he said.

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