Global Imports of Alcoholic Beverages Reached US$97.3 Billion in 2019
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Global imports of alcoholic beverages have steadily increased over time. In 2015, global imports of alcoholic beverages under the Harmonized System (HS) code 22 reached US$82.2 billion, or Rp1,175.5 trillion (using an exchange rate of Rp14,300/USD).
Imports of alcoholic beverages continued to rise, reaching US$90.8 billion in 2017. The following year, global imports of alcoholic beverages fell to US$65.23 billion before rising again to US$97.3 billion in 2019.
Alcoholic beverages came under scrutiny after President Joko Widodo (Jokowi) signed Presidential Regulation Number 10 of 2021 concerning Investment Business. This regulation eased investment permits in the ethyl alcohol-containing beverage (MMEA) sector. This regulation applies to Bali, East Nusa Tenggara, North Sulawesi, and Papua.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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