Nia Deviyana
IDXChannel - The Indonesian automotive industry continues to demonstrate its competitiveness in the global arena by increasing exports to other countries.
Apart from being a production hub, Indonesia is also an export hub for a number of well-known automotive manufacturers in the country.
"This positive step can certainly accelerate national economic growth. Moreover, the national four-wheeled vehicle manufacturing industry has succeeded in becoming a foreign exchange hero," said Minister of Industry Agus Gumiwang Kartasasmita in a written statement, Wednesday (14/6/2023).
Agus explained that the automotive industry was able to export 166 thousand units of completely built up (CBU) cars in the January-April 2023 period, an increase of 26 percent compared to the same period in 2022.
The total value of CBU exports from January to April reached USD 2.06 billion, an increase of 27.9 percent compared to the same period in 2022.
