Indonesia’s Halal Product Exports Potential at USD 3.6 Billion: Deputy Minister of State-Owned Enterprises

The potential for Indonesia's Halal product exports has extended to approximately USD 3.6 billion, according to Pahala Nugraha Mansury, Deputy Minister of State-Owned Enterprises, citing the Indonesia Halal Market Report 2021 in an online seminar on “Islamic Young Entrepreneurs”, adding that the government supports efforts to increase investment in the sector.

Why it Matters?

The total value of Halal products and services in Indonesia holds the potential to reach USD 5.1 billion. Trade is projected to become an essential component of the Muslim community’s total expenditure, including halal food products, fashion, pharmaceuticals, and cosmetics. The growth of halal products exports, foreign direct investment or investment’s entry...