West Java's economic growth is improving, the provincial government needs to be alert to the increase in imports

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Friday, June 28, 2024

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PORTALJABAR, BANDUNG CITY - The West Java Province Central Statistics Agency (BPS) noted that economic growth in West Java is currently still good. In the first quarter of 2024, West Java's economic growth reached 4.93 percent, only slightly below the national figure of 5.11 percent.

Head of the West Java BPS Balance Team, Yuni Anggoro, said that industry was still the sector that provided high income in West Java, reaching 41.87 percent, followed by trade at 14.43 percent and agriculture at 8.44 percent.

"Specifically for the processing sub-industry, the machine and equipment industry, the figure is still high, reaching 82.59 percent. Then the textile industry has 58.81 percent, metal goods, electronics and electricity 52.19 percent and transportation equipment 46.68 percent," said Yuni, in discussion with the Association of Economic and Business Journalists (IWEB) in Bandung City, Thursday (27/6/2024).

According to Yuni, export figures in West Java are still higher than import figures. Where in 2023 exports from West Java province will reach more than 2.5 billion US dollars, of which imports will be around 1.1 billion US dollars.

"Even though exports are increasing, the government must remain vigilant because there is an increase in imports of goods," he said.

Yuni also said that there was a need to improve importer governance issues so that the aim was to maintain the stability of the domestic industry and support improvements in product quality.

"Discussion and review of industrial sector regulations and policies need to involve various parties. Cooperation between the government and industry players as well as various parties in export and import policies needs to continue," concluded Yuni. (Parno)

Editor: Admin

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