Digital Technology Playing Significant Role in National Trade
According to the Jakarta News Agency (Antara) – An official in the Ministry of Economic Affairs quoted that, “digital technology plays an important role in national trade, and this is especially evident in the growth of e-commerce transactions.”
“The impact of technology on trade is reflected in e-commerce transactions and an increase in sales figures, Mohammad Rudi Salahuddin, Deputy Minister of Creative Economy,
Entrepreneurship And Competition of Cooperatives and Small and Medium Enterprises in the Ministry, said that, “Technology has impacted on e-commerce transactions and increased sales figures.”
He added, Research conducted by Google, Temasek, and Bain & Company shows that, digital technology plays a very important role in Indonesia business through e-commerce transactions.
Indonesia is leading in Southeast Asia in terms of digital economy, which was valued at US$40 billion in 2019 and rose 11 percent to US$44 billion in 2020.
Google, Temasek, and Bain & Company have also predicted that the value of Indonesia’s digital economy transactions in 2025 will reach US$124 billion.
He also informed that, Digital economy transactions in the country has been supported by the e-commerce network, which is projected to cross the US$32-billion mark this year and reach US$83 billion by 2025.
Meanwhile, daily transactions using digital technology or e-commerce in Indonesia reached 4.8 million, while the average for the second quarter was 3.1 million.
Since the social distancing measures imposed by the government in March, 2020, the number of e-commerce consumers has increased by 51 percent.
Furthermore, he continued “the product demands of online shopping have also increased five to 10 times, thereby it helps boosting the national economy.”
Finally, he mentioned that, Digital technology has also contributed to several sectors, such as transportation and food ordering (US$5 billion), online media (US$4.4 billion), online travel (US$3 billion), and e-commerce (US$32 billion).