Indonesian Exports to US to Increase Following GSP Facility Extension

Indonesia first obtained its GSP status in 1980. According to the US International Trade Commission, Indonesian exports to the USA using the GSP facility in 2019 totaled $2.61 billion encompassing 13.1 percent of Indonesia’s total exports to the US valued at $20.1 billion.

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The GSP facility was used on 729 types of goods out of the 3,572 goods subject to GSP preferential tariffs.

From January to August 2020, Indonesian exports to the USA using the GSP facility amounted to $1.87 billion, up 10.6 percent year on year.

Currently, Indonesian exports to the USA using the GSP facility ranks second in the US after Thailand with $2.6 billion in GSP exports.

(Writer: Ade Miranti Karunia | Editor: Yoga Sukmana)

Source: https://money.kompas.com/read/2020/11/01/203000626/as-perpanjang-fasilitas-gsp-ri-luhut-optimis-kinerja-ekspor-meningkat