Indonesia is redirecting shrimp exports to China after new U.S. tariffs of 19% froze orders from its top buyer, risking a 30% drop in sales and one million jobs. The $1.7 billion industry faces steep losses as exporters scramble to find alternative markets.
The United States previously accounted for 60% of Indonesia’s shrimp exports, but the sudden tariff hike in July forced importers to pause shipments. Farmers say new orders have stalled, expansion plans have been shelved, and confidence in the U.S. market has collapsed.
China, the world’s largest shrimp importer, had sourced only 2% of its supply from Indonesia before the tariff decision. Now, Indonesian trade officials are touring southern Chinese cities to meet buyers, restaurant chains, and seafood platforms.
“Imagine if we could take just 20% of China’s import market,” said Andi Tamsil of the Indonesian shrimp farmers’ association, referencing China’s annual imports of one million tonnes. “That would be a massive boost for us.”
Indonesia is also exploring growth in other regions, including the Middle East, Taiwan, South Korea, and the European Union. A free trade agreement with Brussels is reportedly near completion, which industry leaders hope will open new long-term opportunities.
Still, the outlook remains cautious. “The new tariff puts us at a disadvantage compared to exporters like Ecuador, which faces a lower 15% rate,” said Budhi Wibowo, head of Indonesia’s seafood exporters’ association.
West Java shrimp farmer Denny Leonardo said his company was preparing to scale back investment.
“I am optimistic that my company could survive because there will still be supply and demand. But for growth, I am not that optimistic.”
Elon Musk was not on the ballot in Tuesday’s U.S. midterm elections, but he emerged as one of the biggest losers after Democrats swept to vic...
Uzbekistan has launched 145 investment projects worth $7.8 billion in its Bukhara region, aiming to create more than 14,000 jobs, boost industrial ...
Kazakhstan plans to manufacture 494 types of medicines through eight major investment projects worth a combined $862 million, Health Minister Akmar...
From international reporting and investigative documentaries to global forums and digital innovation, AnewZ marks two years of connecting Azerbaijan and the wider world.
Democrats captured majorities in both chambers of Congress on Tuesday, scoring sweeping victories that reached into Republican strongholds, with millions of voters delivering a strong rebuke to President Donald Trump.
Democrat wins surged on Tuesday across the United States with stunning victories in the South Carolina, Texas and Ohio senate races -- traditionally Republican strongholds -- in the 3 November midterm elections.
U.S. President Donald Trump says Washington will end its annual financial and military aid to Israel by the end of 2026, under an agreement he claims to have reached with Israeli Prime Minister Benjamin Netanyahu.
Iranian parliament speaker Mohammad Bagher Ghalibaf says the U.S. must act to prevent war after Tehran sent a “strong and rational response” to Washington. Meanwhile, U.S. forces have reportedly carried out limited strikes against Iranian targets, including Qeshm Island,
Elon Musk was not on the ballot in Tuesday’s U.S. midterm elections, but he emerged as one of the biggest losers after Democrats swept to victory, threatening his political influence and exposing his business empire to greater scrutiny.
Montenegro has moved a step closer to becoming the European Union's next member, with Brussels signalling that the Balkan country could join by 2028, ending more than a decade without EU enlargement.
Thousands of protesters, including students and artists, marched through Prague and other Czech cities on Tuesday as public television and radio workers staged a one-day strike over government plans to cut funding and bring the broadcasters under state budget control.
As oil prices surge amid conflict in the Gulf, energy leaders at ADIPEC in Abu Dhabi are confronting two major challenges: securing global supplies and meeting soaring electricity demand from artificial intelligence.
North Korea fired multiple missiles into the sea off its east coast on Wednesday, South Korea's Defence Ministry said, in Pyongyang's fourth weapons launch in a month.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment