Trade Expo Indonesia 2023 is not only one of the government's efforts to reduce the decline in export performance, but also an opportunity to strengthen the national trade and industrial ecosystem based on vocational education.
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On the first day of the exhibition, 99 trade contracts worth 4.9 billion US dollars were secured by business buyers from 18 countries. The top five contracts were obtained by India with a contract value of 3.3 billion US dollars, followed by the Netherlands with 630.71 million US dollars, Japan with 326.90 million US dollars, Malaysia with 232.69 million US dollars, and the United States with 220 million US dollars.
Deputy Minister of Trade Jerry Sambuaga stated on Thursday that trade representatives have been cooperating with Indonesian embassies abroad to bring in potential buyers from various countries. Some of them have directly and indirectly purchased Indonesian products. Cumulatively, Indonesia's trade balance fell by USD 12.1 billion from USD 39.85 billion in January-September 2022 to USD 27.75 billion in January-September 2023. Despite the decrease in export value, RI was still able to slightly compensate for it with a 7.29 percent increase in export volume in January-September 2023.
Last Wednesday, Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the potential of vocational education must be encouraged to enter the industrial ecosystem. This is an effort to build partnerships with the industry as well as evidence that vocational education has transformed itself to adapt to the development of times.
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