Indonesia targets annual furniture export at $ 5b by 2020

The Indonesian government expects the export value of its furniture to reach 5 billion U.S. dollars per year in the next five years, a minister said on Friday.

That compares with 2.2-billion-U.S. dollar shipment of the products to overseas market in 2014, Indonesian Industry Minister Saleh Husin told reporters in Jakarta.

"This trend leads to the optimism for the achievement of 5 billion U.S. dollars export within the next five years," Husin says.

In 2013, Indonesia furniture export stood at 1.8 billion U.S. dollars, rising from 1.4 billion U.S. dollars in the previous year, according to data from the industry ministry.

To increase exports, Husin asked sellers to boost the quality and design of their exported products.

Indonesian Vice President Jusuf Kalla on Friday asked shareholders in the industry to develop innovation to comply with the taste of global buyers.

The Indonesian government has barred outbound shipment of woods and rattan in a bid to boost added value of the raw materials.

Source: Xinhua