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India becomes strategic partner for Indonesia’s spice trade: Ministry

Illustration. (Дарья Яковлева from Pixabay)

Jakarta (Indonesia Window) – The Indonesian Ministry of Trade has stated that India is a strategic trading partner of the former’s spice commodities as the latter is the third main destination for spices exports from the archipelagic country.

“Businesses and trades between Indonesia and India are expected to continue to increase so that it could provide more prosperity for peoples of both countries, as well as expand the spice market of these countries,” said Director General of National Export Development Didi Sumedi in a webinar entitled Amazing Spices: Accolade to The India- Indonesia’s Adamant Cohesiveness In Exotic Spices, here on Thursday (Oct. 28).

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The webinar was an event at the 2021 Trade Expo Indonesia-Digital Edition, which is taking place from October 21 to November 4, 2021 (online interactive), and until December 20, 2021 (showcase).

According to Didi, Indonesia’s spice exports during the 2021 January-August period were recorded at 499.1 million U.S. dollars, or an increase of 12.88 percent compared to the same period of the previous year.

“Indonesia’s spices main export products are nutmeg, cloves, white pepper, cinnamon and cardamom. Most of Indonesia’s spices are exported to the United States, China, India, Vietnam and the Netherlands,” Didi noted.

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India, he added, is the third main destination for Indonesia’s spice exports.

In 2021 January-August, the value of Indonesia’s spice exports to India amounted to 74.53 million dollars, up 51.22 percent compared to the same period of the previous year.

The main export products of Indonesia’s spices to India are nutmeg with a value of 23.82 million dollars with a share of 32.96 percent; cloves worth 22.6 million dollars with a share of 30.44 percent; pepper valued at 8.6 million dollars with a share of 11.56 percent; black pepper worth 4.18 million dollars with a 5.6 percent share; and turmeric worth 3.5 million dollars with a share of 4.7 percent.

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Reporting by Indonesia Window

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