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Indonesia’s Pharmaceutical and Natural Medicine Exports Reach $639 Million in 2024

by Raidi
2024-10-18
in Economic
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natural medicine exports

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Jakarta, Indonesia Sentinel — Indonesia’s Ministry of Industry (Kemenperin) reported that exports from the country’s pharmaceutical and natural medicine industries reached $639.42 million or Rp9.9 trillion between January and September 2024. In the second quarter of 2024, the industry grew by 8.01%, contributing 18.52% to the non-oil and gas processing industry.

Andi Rizaldi, Head of the Agency for Industrial Standardization and Policy (BSKJI), noted that the sector has shown promising growth this year. “The pharmaceutical and natural medicine industries are one of the top five sub-sectors experiencing the highest expansion, according to the Industrial Confidence Index (IKI) for September 2024,” Rizaldi said in a statement on Friday, October 18, as reported by Detikfinance.

He added that the outlook for these industries remains positive moving forward. “The development of Indonesia’s natural medicine sector must continue to be supported to enhance its competitiveness in the global market. This requires strong collaboration between stakeholders, including the government, industry players, academics, and research institutions,” Rizaldi emphasized.

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The Ministry of Industry has been actively supporting the development of the natural medicine sector, particularly in manufacturing and production technologies. One key initiative is the creation of the “House of Wellness,” a facility dedicated to the production of natural medicines. Operated by the Ministry’s Center for Standardization and Industrial Services for Pharmaceutical and Packaging Chemicals (BBSPJIKFK), the facility is designed to promote advancements in this sector.

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Currently, Indonesia hosts various types of natural medicine companies, including Traditional Medicine Small Enterprises (UKOT), Micro Traditional Medicine Enterprises (UMOT), Natural Extract Industry (IEBA), and Traditional Medicine Industry (IOT). Collectively, these businesses produce over 19,000 herbal products, 99 standardized herbal medicines, and 33 phyto-pharmaceuticals.

“The Ministry of Industry is committed to assisting smaller businesses in scaling up so they can improve their competitiveness and strengthen Indonesia’s pharmaceutical sector,” Rizaldi added.

Siti Rohmah Siregar, Head of BBSPJIKFK, highlighted that her unit is prepared to facilitate the growth of the natural medicine industry with the House of Wellness. “The facility is equipped with modern technology that supports the production process from raw material processing to extraction, formulation, and packaging,” Siregar stated.

In addition, BBSPJIKFK is backed by advanced laboratories capable of testing for microbial contamination and heavy metals in natural medicine products. These tests ensure that products meet stringent safety and quality standards. BBSPJIKFK is also part of the Natural Medicine Testing Laboratory Network (JLPOBA), further strengthening Indonesia’s position in the global natural medicine market.

This exports progress underscores Indonesia’s push toward self-sufficiency and global competitiveness in the natural medicine and pharmaceutical industries.

 

(Raidi/Agung)

Tags: Export CommodityKemenperinNatural MedicinePharmaceutical
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