Jakarta, Feb. 4 -- Indonesia ranks among the world's five largest exporters of iron and steel products amid the government's ongoing efforts to raise the value of national resources through its downstreaming agenda, Trade Minister Budi Santoso highlighted.

During a meeting with Commission VI of the House of Representatives (DPR) in Jakarta on Wednesday, he noted that Indonesia had risen from 17th place in 2019 to fifth place at present, ranking behind only China, Germany, Japan, and South Korea.

He attributed the major progress to downstreaming efforts and the strengthening of domestic industrial capacity.

The minister said the development was reflected in favorable trading trends over the past few years. In 2023, Indonesia recorded a ...