There Are Only 7 Days Left Before The Indonesian Toys Fair!!!

On August 24-26, 2023, IBTE Indonesia International Toys and Baby Products Exhibition will be grandly opened in Halls B1, B2, C1, and C2 of the Jakarta International Exhibition Center in Indonesia! There are only 7 days left until the exhibition starts!!!
 

CPSTOYS looks forward to your coming!!!

 

Indonesian market introduction

geographic location
Indonesia is located in southeastern Asia, across the equator, bordering Papua New Guinea, East Timor, and Malaysia, across the sea from Thailand, Singapore, the Philippines, Australia and other countries, guarding the Strait of Malacca, and is located at the "crossroads of Asia and Oceania, the Pacific Ocean and the Indian Ocean" Port", radiating the ASEAN market with a population of 600 million, the geographical location is extremely important.

 

Demographic dividend advantage
With a population of 278.3 million, Indonesia is the fourth most populous country in the world. The median age is only 29 years old, and the population structure is young. Jakarta, the capital of the country, has more than 10 million residents. It is the largest city in Indonesia and even Southeast Asia. The Greater Jakarta area composed of surrounding towns is the second largest metropolitan area in the world.

 

Rapid GDP growth
The average economic growth rate of G20 countries exceeds 5%, among which Indonesia's growth rate ranks first. In the third quarter of 2022, Indonesia's budget revenue increased by 49% to US$120 million; tax revenue increased by 58% to US$78 million; the consumer confidence index increased to 124.7 points, and bank credit increased by 10.7%. Indonesia has maintained a trade surplus for 28 consecutive months, with a surplus of US$5.7 billion.

 

Close trade relationship with China
In 2021, the bilateral trade volume between Indonesia and China will exceed 120 billion US dollars, a year-on-year increase of 58.6%. China has become Indonesia's largest trading partner for 9 consecutive years; country status.

 

E-commerce is developing rapidly
In January 2021, Indonesia already had 202.6 million Internet users, and between 2020 and 2021, the number of Internet users in Indonesia increased by 27 million (+16%). In January 2021, Indonesia's Internet penetration rate was 77.3%. The huge number of Internet users has laid a solid foundation for the rapid development of the e-commerce industry.