Buyers from 100 countries ready to attend Trade Expo Indonesia 2023

38th Trade Expo Indonesia will take place on October 18 – 22, 2023 at   the Indonesia Convention Exhibition (ICE), in Indonesia’s Tangerang city, Banten province.

 

Jakarta (Indonesia Window) – The Indonesian Ministry of Trade has recorded more than 5,600 international buyers from 100 countries who will attend the 38th Trade Expo Indonesia in 2023, and the number is expected to increase.

The 38th Trade Expo Indonesia will take place on October 18 – 22, 2023 at   the Indonesia Convention Exhibition (ICE), in Indonesia’s Tangerang city, Banten province, the Indonesian Ministry of Trade said in a written statement quoted by Indonesia Window, Saturday.

“We note that currently there are more than 5,600 potential international buyers who will attend the 38th Trade Expo Indonesia (TEI). Expanding export markets to non-traditional countries is one strategy to increase non-oil and gas exports amid the challenges of the global economic slowdown,” Director General of National Export Development at the Ministry of Trade, Didi Sumedi, noted.

TEI is the largest trade exhibition in Indonesia organized by the Ministry of Trade to promote value-added Indonesian export products, encourage export penetration to non-traditional countries, and increase the country’s non-oil and non-gas exports.

To date, the largest number of international buyers registered at the 38th TEI come from India (11.76 percent), followed by Malaysia (7.13 percent), China (2.20 percent), Australia (1.90 percent), and Brazil (1.56 percent).

“At this year’s TEI, we see an increase in the participation of potential buyers from countries in Africa, South Asia and Latin America. The prospective buyers come from countries including Nigeria, Ghana, Bangladesh, Pakistan, Peru and Chile,” Didi said.

In addition to the physical exhibition, the 38th TEI will also be held online with an interactive website concept based on e-catalogue on October 18 – December 18, 2023.

The online exhibition can be accessed via the official page www.tradexpoindonesia.com. With this concept, Didi is optimistic that transactions between potential buyers and exhibitors will go beyond regional borders.

The implementation of TEI in 2022 recorded transactions of 15.83 billion US dollars. The five countries with the highest transaction value were China (10.78 billion dollars), India (1.51 billion dollars), Japan (843.96 million dollars), Egypt (492.04 million dollars), and the Philippines (343.22 million dollar).

Reporting by Indonesia Window