Indonesia’s imports of Vietnamese food and beverage up

Indonesia’s imports of food and beverage from Vietnam in the first half of this year surged 43.14 percent over the same period last year.

The Indonesian Food and Beverage Association (Gapmmi) on June 19 released a report that the country spent US$5.51 million on imports of food and beverage from Vietnam in the reviewed period.

The association said the country’s imports of food and beverage from other ASEAN nations continue increasing in recent months thanks to the lifting of taxation following the regional free trade agreement (AFTA) and efforts by the Indonesian government and relevant agencies in fighting smuggling.

Malaysia continues to be the largest exporter of the staples to Indonesia with an export value of US$20.6 million, an increase of 76.17 percent, making up over 23 percent of Indonesia’s food and beverage imports.

Indonesia also imported US$7.48 million worth of foods and beverage from Singapore in the period, a year-on-year increase of 29.1 percent. – VOV

Tags: Vietnam food and beverage industry

Posted by VBN on Jun 21 2011. Filed under Food & Beverage, Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry