Print

 

The manufacturing industry managed to escape global geopolitical pressures amid the post-pandemic recovery in the first semester of 2022. However, it takes a strategy that is no less precise that must be prepared for the second half of 2022. The Central Statistics Agency noted that all sectors in the manufacturing industry recorded positive performance throughout the first semester of 2022. Shipping manufacturing is the sector with the most impressive performance. The export value of the sector in the first half of 2022 grew rapidly to 1,209.76 percent compared to the same period the previous year with a value of US $ 590 million.

Behind him, the inorganic chemical industry followed with growth reaching 117.1 percent year on year (yoy). The export value of the sector in the first semester of 2022 reached US$1.44 billion.

In the next rank, there is the iron and steel industry which experienced export value growth of 64.88 percent yoy. The value of Indonesia's iron and steel exports in the first semester of 2022 reached US$14.48 billion.

Meanwhile, from the textile and textile products (TPT) industry which showed the most impressive performance in June 2022, there was the footwear sector whose exports grew 38.48 percent with a value of US$3.95 billion.

The government has also taken steps to maintain the performance of the manufacturing sector from the impact of the global geopolitical situation.

The Director General of Metal, Machinery, Transportation Equipment, and Electronics (ILMATE) of the Ministry of Industry, Taufiek Bawazier, acknowledged that there must be a response from domestic policy to global geopolitical changes due to the Russia-Ukraine war.

"There are policies that must be corrected, there are policies that have complied with these changes, there are also new policies that must be initiated," said Taufiek at the Mid-Year Economic Outlook 2022 event, Tuesday (2/8/2022).

He gave an example that the sales tax stimulus policy on luxury goods (PPnBM) is one of the government's Latif team approaches that are effective in maintaining the good performance of the manufacturing sector.

With various regulatory changes, he continued, the government is optimistic that the national manufacturing industry will continue to experience growth in the second half of this year, despite inflation.