Prabowo Subianto Targets $17.5bn at Trade Expo Indonesia

At the 41st Trade Expo Indonesia, Indonesian President Prabowo Subianto expressed optimism about surpassing the $17.5 billion transaction target. The expo, held at the Indonesia Convention Exhibition in BSD City, Tangerang, Banten, featured the signing of 168 memoranda of understanding valued at $13.2 billion with buyers from 22 countries.

Prabowo, represented by Bahlil Lahadalia, the Coordinating Minister for Downstreaming and Energy Transition Affairs and Minister of Energy and Mineral Resources, noted that the previous year's expo exceeded its target, achieving $22.8 billion in transactions. A total of 16,885 prospective buyers registered, including 8,092 international buyers from 134 countries.

The memoranda signed are commitments requiring further negotiations and should not be viewed as completed transactions. Prabowo highlighted Indonesia's economic growth of 5.45 percent in the first half of 2026, inflation below three percent, and a trade surplus of $193.6 billion.

He emphasized the importance of translating international trade agreements into tangible economic benefits.