Bright Prospects in Vehicle Export Opportunities

By Editorial Team 17/01/2020
Summary

Statistics Indonesia (BPS) noted exports of motor vehicles and parts throughout 2019 increased 8.06 percent to US$ 8.16 billion from the previous year. The upward trend in exports is likely to continue in 2020, along with the production expansion of some vehicle brands.

First Chairman of the Indonesian Automotive Industries Association (Gaikindo), Jongkie Sugiarto, said exports rose after several brands became exporters. According to him, Honda, Wuling, and DFSK began exporting their products in 2019. Thus, there are currently nine vehicle brands that have factories in Indonesia and are reaching the export market. "The export trend will keep improving because overseas demand is also quite good," said Jongkie.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.