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Indonesia Joins Ranks of Asia's Largest Rubber Tire Exporters

Adi Ahdiat 06/09/2022 13:20 WIB

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According to OEC data, in 2020 Indonesia's rubber tire exports were the sixth largest in Asia.

Top 10 Asian Countries with the Highest Rubber Tire Export Value (2020)

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Indonesia Joins Ranks of Asia's Largest Rubber Tire Exporters

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Top 10 Asian Countries with the Highest Rubber Tire Export Value (2020)

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According to data from The Observatory of Economic Complexity (OEC), in 2020 Indonesia exported US$1.55 billion worth of rubber tires.

This achievement placed Indonesia 6th in Asia and 15th globally in rubber tire exports.

However, in early September 2022, the Indonesian Young Bus Entrepreneurs Association (IPOMI) stated that the domestic supply of tires was experiencing a shortage. This has resulted in higher tire prices, making it difficult for the public transportation sector.

"For the past two years, tire prices, especially radial tires, have been continuously increasing, and stocks are often unavailable. Transportation companies cannot get a guarantee of whether the goods will be available and when they will be available. This, of course, is detrimental to many transportation businesses, especially those with limited capital or cash flow," said IPOMI Chairman General Kurnia Lesani Adnan in a press release issued by *Kumparan* on Monday (September 5, 2022).

The IPOMI Chairman General believes that this tire supply shortage is partly due to government policies that impose import quotas and restrictions on tire imports.

"Especially for truck and bus radial tires, which are not widely produced domestically," he explained.

Editor : Adi Ahdiat

"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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Indonesia Joins Ranks of Asia's Largest Rubber Tire Exporters

Indonesia Joins Ranks of Asia's Largest Rubber Tire Exporters

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Indonesia Joins Ranks of Asia's Largest Rubber Tire Exporters

Indonesia Joins Ranks of Asia's Largest Rubber Tire Exporters

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