Minister of Trade Budi Santoso: Transactions Surpass Target, Reaching USD 22.80 Billion
TANGERANG, Indonesia, Oct. 23, 2025 /PRNewswire/ -- Minister of Trade Budi Santoso officially closed the 40th Trade Expo Indonesia (TEI) 2025 at the Indonesia Convention Exhibition (ICE), BSD, Tangerang Regency, Banten, on Sunday (19/10). As of 1:00 p.m. local time on the closing day, the country's largest export exhibition recorded an outstanding achievement, with total transactions reaching USD 22.80 billion, equivalent to IDR 376.20 trillion, exceeding the initial target of USD 16.5 billion.
"As of 1:00 p.m. today, total transactions have reached USD 22.80 billion and are expected to continue growing beyond USD 23 billion. This achievement demonstrates that Indonesian products not only compete globally but have also become top choices in the international market. The 40th TEI highlights Indonesia's natural and human resource strengths in producing high-quality and sustainable export products," stated Minister Budi Santoso.
Throughout the five-day exhibition, TEI 2025 welcomed 34,550 visitors from 131 countries, surpassing the target of 30,000 visitors. Of these, 8,045 were international buyers representing 130 countries, with the largest contingents from Malaysia (769 buyers), China (605), India (594), Nigeria (509), and Egypt (406). The exhibition featured 1,619 participating companies, exceeding the target of 1,500. Participants included 623 companies in the Food, Beverages & Agricultural Products, Licensing and Franchise Zone; 603 companies in the Fashion & Lifestyle Zone; and 393 companies in the Manufacturing and Services Zone.
In terms of trade performance, goods transactions reached USD 17.90 billion, services USD 443.70 million, and investment USD 4.37 billion. These transactions comprised MoUs worth USD 22.70 billion, fairground transactions amounting to USD 71.60 million, and business matching deals worth USD 63.40 million, an 88% increase compared to 2024. Notably, micro, small, and medium enterprises (MSMEs) contributed USD 474.70 million (approximately IDR 7.80 trillion) in transactions.
Among participating countries, India led with USD 4.30 billion in transaction value, followed by the Netherlands (USD 3.90 billion), Vietnam (USD 3.30 billion), the Philippines (USD 3.10 billion), and China (USD 2.40 billion). The most sought-after products included mining products (USD 5.50 billion), precious metals (USD 2.70 billion), palm oil and derivatives (USD 2.30 billion), charcoal and briquettes (USD 1.60 billion), and spare parts (USD 1.40 billion).
In addition to the main exhibition, Pangan Nusa Expo 2025 also achieved notable success, generating USD 7.30 million in potential international culinary expansion deals, IDR 37.60 billion in business matching opportunities, and IDR 2.40 billion in on-the-spot transactions. The event provided market access for 12 culinary MSMEs, including winners of the UKM Pangan Award, to modern retail and national transportation networks such as PT KAI.
Minister Santoso extended his appreciation to all contributors, including trade representatives abroad, Trade Attachés (Atdag), Indonesia Trade Promotion Centers (ITPC), Indonesian Trade and Economic Offices (KDEI), Trade Consuls, and Ambassadors in partner countries. He also expressed gratitude to supporting ministries and agencies, PT Bank Mandiri (Persero), PT Debindo Multi Adhiswasti as the event organizer, and PT Pertamina along with the Badan Pengelola Dana Perkebunan (BPDP) as key partners.
"The success of the 40th TEI is the result of strong collaboration among the government, business community, banking sector, state-owned enterprises, and other strategic partners. Let us continue this momentum to further enhance the quality and competitiveness of Indonesia's non-oil and gas exports," Minister Santoso emphasized.
Minister Santoso also announced that the 41st Trade Expo Indonesia will be held from October 14–18, 2026, encouraging all stakeholders to pursue continuous innovation, improve product quality, harness digital technology, and uphold sustainable business practices.
"Keep innovating, elevate your product quality, and leverage digital technology. Stay passionate, the world awaits the finest products from Indonesia," concluded Minister Santoso.
The 40th Trade Expo Indonesia is Organized by PT Debindomulti Adhiswasti.
PR Newswire is the media partner of the 40th Trade Expo Indonesia (TEI) 2025
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
The 40th Trade Expo Indonesia Officially Closes with Record-Breaking Results
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- Will collaborate with the Vietnamese government and educational institutions to train construction equipment professionals
- Plans to provide comprehensive support and technical expertise for the entire process leading to WorldSkills Shanghai in September
- "Committed to fostering young technical talent and bolstering industrial competitiveness in Vietnam."
SEOUL, South Korea, April 5, 2026 /PRNewswire/ -- HD Construction Equipment, the intermediary holding company of HD Hyundai's construction equipment business, will be expanding its commitment to nurturing global technical talent in the construction machinery sector by supporting Vietnam's national team for WorldSkills.
HD Construction Equipment announced on Sunday, April 5 that it signed a tripartite Memorandum of Understanding (MOU) in Hanoi with the Directorate of Vocational Education and Training, or DVET, under the Vietnamese Ministry of Labour, Invalids and Social Affairs, and the Central College of Transport No. 1 (CCT1), a local vocational training college. The agreement aims to support Vietnam's participation in the WorldSkills competition.
Under this agreement, HD Construction Equipment will assist with the entire process—from training to competition entry—for the Vietnamese national representative competing in the Heavy Vehicle Maintenance category at WorldSkills Shanghai 2026, scheduled for this September.
The company plans to offer comprehensive technical training to Nguyen Xuan Khanh, who was selected as the national representative last year. Furthermore, the company will cover all expenses related to this training, including airfare, registration fees, and accommodation, in order to create an optimal environment for the competitor to maximize his performance.
In July of last year, HD Construction Equipment signed an MOU with CCT1, which includes the Green and Smart Construction Equipment Talent Project. This initiative is part of the Korea International Cooperation Agency (KOICA)'s inclusive business program. The collaboration aims to support the development of smart equipment in Vietnam and to create localized training curricula.
The company has deepened its commitment to Vietnam through a series of key initiatives, including hosting government officials and instructors for training in October, supporting national skills trials in November, and awarding scholarships.
An official from HD Construction Equipment stated, "This collaboration is not just a one-time event; it is part of our commitment to sustainable, locally integrated business practices. We will continue to foster Vietnam's young technical talents, helping them compete on the global stage."
- Will collaborate with the Vietnamese government and educational institutions to train construction equipment professionals
- Plans to provide comprehensive support and technical expertise for the entire process leading to WorldSkills Shanghai in September
- "Committed to fostering young technical talent and bolstering industrial competitiveness in Vietnam."
SEOUL, South Korea, April 5, 2026 /PRNewswire/ -- HD Construction Equipment, the intermediary holding company of HD Hyundai's construction equipment business, will be expanding its commitment to nurturing global technical talent in the construction machinery sector by supporting Vietnam's national team for WorldSkills.
HD Construction Equipment announced on Sunday, April 5 that it signed a tripartite Memorandum of Understanding (MOU) in Hanoi with the Directorate of Vocational Education and Training, or DVET, under the Vietnamese Ministry of Labour, Invalids and Social Affairs, and the Central College of Transport No. 1 (CCT1), a local vocational training college. The agreement aims to support Vietnam's participation in the WorldSkills competition.
Under this agreement, HD Construction Equipment will assist with the entire process—from training to competition entry—for the Vietnamese national representative competing in the Heavy Vehicle Maintenance category at WorldSkills Shanghai 2026, scheduled for this September.
The company plans to offer comprehensive technical training to Nguyen Xuan Khanh, who was selected as the national representative last year. Furthermore, the company will cover all expenses related to this training, including airfare, registration fees, and accommodation, in order to create an optimal environment for the competitor to maximize his performance.
In July of last year, HD Construction Equipment signed an MOU with CCT1, which includes the Green and Smart Construction Equipment Talent Project. This initiative is part of the Korea International Cooperation Agency (KOICA)'s inclusive business program. The collaboration aims to support the development of smart equipment in Vietnam and to create localized training curricula.
The company has deepened its commitment to Vietnam through a series of key initiatives, including hosting government officials and instructors for training in October, supporting national skills trials in November, and awarding scholarships.
An official from HD Construction Equipment stated, "This collaboration is not just a one-time event; it is part of our commitment to sustainable, locally integrated business practices. We will continue to foster Vietnam's young technical talents, helping them compete on the global stage."
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
HD Construction Equipment to Support Training for Vietnam's National WorldSkills Team
