Menu

Professional import-export services

Blue and White Minimalist Executive Producer Company Business Card

Our Social Media

, , , , 0

🌟✨ Welcome to Indo Global Trading Ailadina! ✨🌟

We are thrilled to introduce our official social media accounts to you. Here, we are committed to providing the latest updates about our flagship products and useful information regarding the global trading industry.

Join us on various platforms to stay updated:

📷 Instagram: @igta_indo
– Don’t miss out on our inspirational posts and latest product updates on IG!

📘 Facebook: Indo Global Trading Ailadina
– Find us on Facebook for interesting articles and special promotions!

🎥 YouTube: @igta_indo
– Watch engaging videos about our products and insights into global trade.

🐦 Twitter: @igta_indo
– Follow us on Twitter for quick news and updates!

📱 WhatsApp: +628963737805
– Contact us directly via WhatsApp for inquiries or product orders.

📧 Email: igtaindonesia@gmail.com
– Reach out to us via email for further information or collaborations.

Join the Indo Global Trading Ailadina community and gain valuable experiences in global trading. Thank you for your support! 🌍💼

8eb8affa-0230-4a98-a165-1881edd7cefa_169

China’s Exports and Imports Grow, Does Indonesia Get a Piece of the Pie?

, , , , 0

Jakarta, CNBC Indonesia – Data exports and imports from China grew in April, indicating that demand is improving despite uneven economic recovery. The release of this data certainly brings positive news for Indonesia, which is a trading partner of China.

China’s Customs Administration report shows that exports grew by 1.5% in April 2024 compared to the previous year, after experiencing a 7.5% decline in March, which was the first contraction since November. Imports surged by 8.4% in April, exceeding analysts’ expectations and rising from a 1.9% decline in March.

According to Reuters, China has implemented various policy support measures in recent months to bolster growth and enhance confidence in the world’s second-largest economy. China’s trade surplus grew to US$72.35 billion, up from US$58.55 billion in March.

However, the outlook ahead is not entirely positive considering broader global trends, analysts say. “We believe that export volumes will retreat in the coming months due to slowing consumer spending in advanced economies and reduced tailwinds from lower export prices,” said Zichun Huang of Capital Economics, as quoted by ABC News.

Export growth is primarily due to the lower comparison base from the previous year, Huang noted. He said that import volumes are likely to further recover in the near term due to “fiscal spending supporting import-intensive construction.”

The Increase of China’s Exports and Imports and its Impact on the Indonesian Economy

  1. Increasing Demand for Indonesian Products: With China’s export recovery, demand for raw materials and finished products from Indonesia may also increase. For example, if China strengthens its imports from Southeast Asian countries, Indonesia as a member of ASEAN may enjoy increased exports to the Chinese market. According to Trade Data, exports to China from Indonesia contribute 25.8% of the total country’s exports.
  2. Opportunities for Export Diversification: Increased demand from China can provide incentives for Indonesia to diversify its export portfolio. This could be an opportunity for Indonesia to expand its export markets, especially if certain products experience strong demand in China.
  3. Increased Foreign Exchange Income: As an exporting country, Indonesia will benefit from increased exports to China through higher foreign exchange income. Greater foreign exchange income can be used to strengthen Indonesia’s economic position, pay for necessary imports, and bolster the value of the rupiah. According to data from the Indonesian Ministry of Trade, Indonesia’s exports to China reached US$64.9 billion, with total exports reaching US$258.7 billion.
  4. Increased Foreign Investment: Increased exports to China can also attract foreign investors to invest in Indonesia. By leveraging China’s economic growth, foreign investors may see Indonesia as an attractive market to invest in industries that support China’s supply chain.
  5. Enhanced Bilateral Cooperation: Increased trade between China and Indonesia can strengthen bilateral relations between the two countries. This could open doors for more mutually beneficial trade and investment deals, as well as cooperation in technology, infrastructure, and other development projects.

Not only Indonesia, but the ten member countries of the Association of Southeast Asian Nations remain the largest destination for China’s exports, contributing 16.9% of the total for the first four months of this year. Exports to the US fell by 1.6% in April compared to the previous year. Shipments to the European Union also declined, dropping by 3.3% annually.

“Considering that import demand may remain robust but exports face higher levels of risk in the coming months, we expect a smaller contribution from trade to growth starting from the second quarter,” said Lynn Song, an economist at ING Economics, in a comment.

China has struggled to recover from the COVID-19 pandemic, facing weaker global demand after the Federal Reserve and other central banks raised interest rates to curb inflation. Declines in China’s property sector have also weighed on growth.

China has set a target for economic growth of around 5% this year, an ambition that will require more policy support, economists said.

The data indicates that a series of policy support measures over the past few months may have helped stabilize fragile investor and consumer confidence, although analysts say it is uncertain whether the surge in trade can be sustained.

“Export values ​​have returned to growth from last month’s contraction, but this is mainly due to the lower comparison base,” said Huang Zichun, a Chinese economist at Capital Economics. “After accounting for changes in export prices and seasonality, we estimate that export volumes remain largely unchanged from March,” he added.

1707229163-3000x2000

Indonesia’s Trade Surplus Narrows in February 2024 Due to Declining Exports

, , , , , 0

Jakarta. Indonesia’s trade balance in February 2024 experienced a surplus for the 46th consecutive month. However, the surplus in February 2024 amounted to only $870 million (Rp 13.6 trillion), shrinking from $2.02 billion in January.

The Central Statistics Agency (BPS) reported exports worth $19.31 billion and imports valued at $18.44 billion in February 2024.

Indonesia’s trade surplus shrank as exports dropped by 5.79 percent compared to January 2024’s $20.52 billion. This decline was mostly due to lower exports in the manufacturing sector.

Amalia Adininggar Widyasanti, Acting Head of BPS, said oil and gas exports totaled $1.22 billion in February, down by 12.93 percent from January. Non-oil and gas exports reached $18.09 billion, a 5.27 percent decrease from the previous month.

“The decrease in February’s export value was driven by a decline in non-oil and gas exports, especially in iron and steel with a 3.26 percent decline, animal/vegetable fats, and oils with a 2.6 percent decline, as well as precious metals and gemstone jewelry with a 0.6 percent decline,” said Amalia during a press conference at the BPS office on Friday.

“At the same time, the trade balance in oil and gas commodities recorded a deficit of $1.76 billion,” said Amalia.

The three countries with the largest surplus contributors are the United States at $1.44 billion; India at $1.14 billion; and the Philippines at $627.8 million. The commodities contributing to the surplus with the United States are machinery and electrical equipment and parts, as well as non-knitted garments and footwear. Meanwhile, the three countries with the deepest deficit contributors are China at $1.8 billion, Thailand at $549.6 million, and Singapore at $317.1 million.

“The deepest deficit experienced with China is recorded in mechanical and mechanical equipment and parts; machinery and electrical equipment and parts; as well as plastic and plastic goods,” explained Amalia.

Foto : Agung Pambudhy

Indonesia’s Trade Mission to Chile Targets Trade Value of Nearly Rp 16 Trillion.

, , , , , , , , , 2

Jakarta – The Ministry of Trade led the Indonesian Trade Mission Delegation to Chile on May 9-10, 2024. The Director-General of National Export Development (PEN) at the Ministry of Trade, Didi Sumedi, stated that the trade mission aims to boost Indonesia’s trade value with South America through Chile.

This is a continuation of the utilization of the existing trade agreement between Indonesia and Chile, namely the Indonesia-Chile Comprehensive Economic Partnership Agreement (IC-CEPA).

“Through the utilization of the IC-CEPA trade agreement, the potential trade value between both countries can still be increased to US$1 billion (equivalent to Rp 15.9 trillion – at an exchange rate of Rp 15,977). The Trade Mission to Chile also serves as a contribution from the Ministry of Trade in supporting the National Export Enhancement Task Force, and Chile is one of the priority countries targeted for export growth,” Didi explained in his statement on Friday (5/17/2024).

“The Ministry of Trade is committed to continuously promoting Indonesian products to enter non-traditional markets, one of which is the South American region. Chile holds a strategic position among other South American countries as it can serve as an entry point for Indonesian products into the South American region,” Didi continued.

Didi conveyed that in this trade mission, there were nine business actors and associations participating. These business actors and associations operate in various sectors such as palm oil and its derivatives, pesticides, chemical products, vehicle spare parts, and packaging.

Meanwhile, the Indonesia-Chile business forum, attended by more than 70 Chilean business players, followed by one-on-one business matching between Indonesian companies and Chilean business players, has successfully recorded transaction potentials worth US$7.45 million or Rp 119.20 billion. The transaction potentials are generated from palm oil and its derivatives, motor vehicle spare parts, and plastic packaging.

Additionally, a business meeting was also held with the Confederation of Chilean Industries (Sociedad de Fomento Fabril/SOFOFA) and representatives of the Chilean Government in the field of international economic relations (Subsecretatia de Relaciones Economicas Internationales Chile/SUBREI).

The meetings aimed to encourage the involvement of Indonesian and Chilean business players, as well as broader and mutually beneficial cooperation between the two countries.

As part of the trade mission to Chile, several business visits were conducted, including to Supermarket Jumbo, importer of Mannheim automotive spare parts, furniture importer Area Design, and Indonesian bicycle importer Cross Mountain.

Supermarket Jumbo, the largest retailer in South America, has imported noodle products from Indonesia with various variants and flavors. Supermarket Jumbo expressed interest in trying coconut products from Indonesia.

In response to this, Didi welcomed the interest and would facilitate a meeting between Jumbo and Indonesian companies producing coconut products.

Didi mentioned that besides food and vehicle spare parts, the potential growth of the furniture industry in Chile is also very promising. During the visit to Area Design, a prestigious furniture supplier in Chile, Didi found that 70% of its products originated from Indonesia. Didi believed that through the preferential tariff scheme of the IC-CEPA, which has entered the implementation stage, Indonesia’s furniture export performance to Chile will continue to increase.

“Moreover, Indonesian furniture products can compete in the Chilean market in terms of price with similar products from other countries,” added Didi.

Meanwhile, during the meeting with Cross Mountain, a renowned sports product importer in Chile, Didi invited Cross Mountain, which has also imported mountain bikes from Polygon Indonesia, to take advantage of the tariff reduction scheme of IC-CEPA in increasing the volume and value of bicycle imports from Indonesia.

“Bicycles are one of the products that receive preferential tariff reductions under the IC-CEPA scheme,” explained Didi.

Meanwhile, the Director-General of International Trade Negotiations (PPI) at the Ministry of Trade, Djatmiko Bris Witjaksono, explained that Chile itself is a country with a very open economy. Chile has signed 34 Free Trade Agreements (FTAs) with 64 countries, including Indonesia.

Djatmiko mentioned that IC-CEPA itself eliminates 89.6% of the total tariff lines. Therefore, Indonesian business actors can take advantage of it through the use of the Certificate of Origin (COO) Form IC-CEPA.

“IC-CEPA has had a positive impact on increasing the trade value between Indonesia and Chile by 21.73% compared to trade value before IC-CEPA,” Djatmiko said.

210504-trade-editorial

CIF is the Export-Import Payment Scheme, Here’s What it Means

, , , , , 0

Jakarta – CIF stands for Cost, Insurance, and Freight. In this context, CIF is a term used in international trade such as export or import.

CIF is also referred to as Incoterms, which are common trade rules developed by the International Chamber of Commerce (ICC). Here’s what CIF means:

Definition of CIF

As reported on the Investopedia website, CIF is an international shipping agreement that represents the costs paid by the seller to cover the expenses, insurance, and transportation of the buyer’s order while the cargo is in transit.

Shipping a product via sea routes, oceans, or maritime routes using ships at sea will require CIF.

In trade shipping, CIF is used by the seller to indicate that the offered price already includes the cost of the merchandise, packaging, transportation to a specific destination, plus insurance costs.

In this CIF sales contract, the transported goods will be exported to the buyer’s port. Thus, the seller will bear the costs, insurance, and transportation of the buyer’s order while it is in transit.

The party paying CIF is the exporter or the seller. The transfer of risk occurs from the seller to the buyer when the goods are loaded onto the ship.

Once the cargo is delivered to the buyer’s destination port, the buyer is responsible for the shipping costs and import duties.

The buyer will take ownership of the goods upon arrival on the ship. If the cargo is damaged during transit, the buyer can file a claim with the seller’s insurance company.

Calculating CIF:

According to ICC rules, considered standard practice, the seller is responsible for the goods until the product reaches the buyer’s/destination port.

Quoted from ClickPost, here’s how to calculate the CIF value:

1. The cost price of the goods (as per the sales agreement between the seller and the buyer).
2. Shipping insurance until it reaches the destination port.
3. Transportation costs incurred until arrival at the destination port.

In addition, the seller also has to bear other costs included in the CIF value, which include:

1. Charges for loading expenses for shipping.
2. Customs inspection fees.
3. Route change costs (if necessary).
4. Export documents and customs duties.
5. Damages to the shipment (if not covered by insurance).

All these costs above will determine the CIF value for a particular shipment. This value represents the financial responsibility related to the shipment for all parties involved, including the buyer and the insurance entities.

The result of adding the CIF value will serve as a reference for transferring the responsibility of the goods in transit from the seller to the buyer/customer.

What’s the difference between CIF and CIP?

CIF is often associated with CIP (Carriage and Insurance Paid To) or carriage and insurance paid. The difference between CIF and CIP can be seen from the transportation route.

In this case, CIP can be used for shipping goods via any mode of transportation, such as trucks. Meanwhile, CIF can only be used for shipments via sea and water routes using ships.

In conclusion, CIF is the price paid to the exporter for a cargo of goods from the sender at the port upon importation.

210504-trade-editorial

U.S. Trade Deficit Rises to Record $74.4 Billion in March, Driven By Consumer Demand for Imports

, , , , 0

Shipping containers are stacked high at the Port of Los Angeles, on April 19. Imports increased 6.3% in the U.S. in March, the Commerce Department reported on Tuesday.

The U.S. trade deficit rose in March to a record $74.4 billion, driven by demand from American consumers for goods and services from overseas, the Commerce Department reported on Tuesday.

The deficit with China increased $6.7 billion to $36.9 billion in March, while the gap with Mexico increased $1.6 billion to $8.4 billion in March. The deficit with the European Union decreased $2.1 billion to $16.9 billion.

Overall, imports increased 6.3% to $274.5 billion, driven mainly by shipments of consumer goods like toys, furniture, phones and vehicles. Exports also increased, by 6.6%, to $200 billion. Industrial and capital goods led the increase.

As the global coronavirus pandemic eases and countries bring back their economies, the strength of the U.S. recovery is raising demand for goods and services beyond what domestic producers can currently meet. That leads to a rise in imports. The rise in exports also reflects the growing strength of other economies around the world.

In some ways, the increased deficit may actually be seen as a good thing as it suggests there are buyers in many countries looking for more goods and services. Given current supply chain, hiccups are also having an effect as companies seek to source their products from other countries.

Economists are forecasting a strong global recovery from the COVID-19 pandemic as vaccinations reach critical levels and restrictions on business and other establishments are loosened.

The U.S. economy expanded at a 6.4% clip in the first quarter, following a 4.3% rise in the fourth quarter of last year. Employment, meanwhile, continues to rebound, with 916,000 jobs added in March. Friday will bring the April jobs report, with economists expecting another strong increase.

istock-1155281861-1

From spices to steel to drugs, India’s exports are being hammered

, , , , , , 2

if India has to become a developed country, it must push its exports because there is only so much it can consume domestically. China’s stupendous economic growth was boosted by its exports. India must focus on exports to achieve a consistent 10 per cent economic growth in the long run, Arvind Panagariya, Chairman of the 16th Finance Commission, has said. The government is already trying to increase exports through various measures.

Despite global trade uncertainties, India’s exports are charting a new course with bilateral agreements, free trade agreements (FTA) and uncharted territories like Africa, Latin America, and Central Asia. India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment. The implementation of initiatives such as Production-Linked Incentives (PLI) and the Make in India campaign has fueled ..

Just as India tries to tap a huge export opportunity despite emerging and persisting geopolitical tensions that restrict movement of goods, it also faces strong challenges ranging from quality and trade restrictions. Two years ago, India-made cough syrups were linked to deaths of children in several countries. Now, Indian spices have come under scrutiny for contamination. The developed countries are also putting environmental restrictions on India’s exports.

Wrong turn on the spice route

Hong Kong and Singapore have reportedly banned the sale of popular Indian brands MDH and Everest after detecting carcinogenic chemical ethylene oxide in their products. This led to a mandatory recall from shelves. The primary violations in these incidents include the presence of ethylene oxide, a carcinogen used as a fumigating agent, and salmonella contamination, a common bacterial cause of foodborne illness.

artikel best globe tading

Best Global Trading Company From Indonesia 

, , , , , , , , , , , , , , , , , , , , , , , 0

Best Global Trading Company From Indonesia – Indo Global Trading Ailadina

Are you looking for a reliable partner to handle your global trading needs? Look no further than Indo Global Trading Ailadina! Situated in the vibrant city of Depok, West Java, Indonesia, we pride ourselves on being the best global trading company representing the dynamic spirit of Indonesia on the international stage.

Address: Jl. Sentosa Raya No.7, Mekar Jaya, Kec. Sukmajaya, Kota Depok, Jawa Barat 16411

Contact:

At Indo Global Trading Ailadina, we understand the intricacies of global trade, and we are committed to providing top-notch services tailored to meet your specific requirements. Here’s why you should choose us:

1. Expertise in Export and Import:

With years of experience in the industry, we excel in facilitating seamless export and import operations. Whether you’re looking to export Indonesian products to international markets or import goods from abroad, we have the expertise and network to make it happen efficiently.

2. Unparalleled Customer Satisfaction:

Customer satisfaction is at the heart of everything we do. We prioritize your needs and work tirelessly to ensure that every aspect of your trading experience with us exceeds your expectations. Your success is our success, and we are committed to helping you achieve your goals.

3. Comprehensive Trading Solutions:

From logistics to documentation, we offer comprehensive trading solutions to streamline your operations. Our dedicated team handles everything from start to finish, allowing you to focus on growing your business while we take care of the rest.

4. Transparent and Reliable Communication:

We believe in building strong, long-lasting relationships with our clients based on transparency and reliability. You can trust us to keep you informed every step of the way, providing clear communication and timely updates on your trading transactions.

5. Commitment to Quality and Integrity:

Quality and integrity are the cornerstones of our business philosophy. We adhere to the highest standards of professionalism and ethical conduct in all our dealings, ensuring that you receive nothing but the best from us.

Don’t settle for anything less than the best when it comes to your global trading needs. Choose Indo Global Trading Ailadina as your trusted partner and experience the difference firsthand. Get in touch with us today to explore how we can help you take your business to new heights on the global stage!

revisi artikel top trading company in jakarta

Top Trading Company In Jakarta

, , , , , , , , , , , , , , , , , , , , , , , 0

Top Trading Company In Jakarta – Indo Global Trading Ailadina

Are you in search of the premier trading company in Jakarta, Indonesia? Look no further than Indo Global Trading Ailadina! Situated strategically in the heart of Jakarta, we stand as the pinnacle of excellence in the world of trading.

Address: Jl. Sentosa Raya No.7, Mekar Jaya, Kec. Sukmajaya, Kota Depok, Jawa Barat 16411

Contact Details:

At Indo Global Trading Ailadina, we take pride in our reputation as the top trading company in Jakarta. Here’s why we are the preferred choice for businesses and individuals alike:

1. Unparalleled Expertise:

Backed by years of experience and expertise in the industry, we have honed our skills to perfection. Our team comprises seasoned professionals who understand the nuances of global trade and are committed to delivering exceptional results.

2. Comprehensive Services:

From import and export to logistics and documentation, we offer a comprehensive suite of services to cater to all your trading needs. Whether you are looking to expand your business internationally or streamline your supply chain, we have got you covered.

3. Customer-Centric Approach:

At Indo Global Trading Ailadina, customer satisfaction is our top priority. We take the time to understand your unique requirements and tailor our solutions accordingly. Your success is our success, and we are dedicated to going above and beyond to exceed your expectations.

4. Reliability and Trustworthiness:

When you partner with us, you can rest assured that you are in safe hands. We operate with the utmost integrity and transparency, ensuring that your interests are always protected. With us, you can trust that your transactions will be conducted with honesty, fairness, and professionalism.

5. Continuous Innovation:

In a rapidly evolving market, innovation is key to staying ahead of the curve. We are committed to embracing new technologies and methodologies to enhance our services and deliver greater value to our clients.

Indo Global Trading Ailadina is not just a trading company; we are your trusted partner in success. With our unwavering commitment to excellence and customer satisfaction, we are poised to take your business to new heights.

Contact us today to learn more about how we can help you achieve your trading goals. Let us be your guiding light in the world of international trade!

artikel trusted trading partner

Trusted Trading Partner Indonesia

, , , , , , , , , , , , , , , , , , , , , , , 0

Trusted Trading Partner Indonesia – Indo Global Trading Ailadina

Are you searching for a reliable and trustworthy trading partner in Indonesia? Look no further than Indo Global Trading Ailadina! Located in the bustling city of Depok, West Java, we are committed to providing exceptional trading services that exceed your expectations.

Address: Jl. Sentosa Raya No.7, Mekar Jaya, Kec. Sukmajaya, Kota Depok, Jawa Barat 16411

Contact Information:

At Indo Global Trading Ailadina, we understand the complexities of international trade and strive to be your trusted partner every step of the way. Here’s why you can rely on us:

1. Extensive Experience and Expertise:

With years of experience in the industry, we have gained valuable insights and expertise in global trading. Our team is well-versed in export and import regulations, logistics management, and market trends, ensuring smooth and efficient transactions for our clients.

2. Commitment to Customer Satisfaction:

Your satisfaction is our top priority. We go above and beyond to understand your unique business needs and tailor our services accordingly. From initial consultations to post-transaction support, we are dedicated to providing personalized attention and outstanding service.

3. Transparent Communication and Collaboration:

We believe in fostering open and transparent communication with our clients. Throughout the trading process, we keep you informed and involved, providing regular updates and insights to help you make informed decisions.

4. Quality Assurance and Reliability:

At Indo Global Trading Ailadina, quality and reliability are non-negotiable. We partner with reputable suppliers and service providers to ensure the integrity and reliability of our products and services. You can trust us to deliver on our promises, every time.

5. Integrity and Professionalism:

Integrity and professionalism are at the core of our business values. We conduct ourselves with honesty, integrity, and fairness in all our dealings, earning the trust and confidence of our clients and partners.

Whether you’re looking to expand your business globally or streamline your import-export operations, Indo Global Trading Ailadina is here to help. Partner with us and experience the peace of mind that comes with having a trusted trading partner by your side.

Contact us today to learn more about our services and how we can support your business goals. Together, let’s navigate the complexities of international trade and unlock new opportunities for growth and success!