Export Value of Halal Products from Various Countries

The global sharia economy has great potential to continue to grow, marked by an increase in Muslim community spending which is projected to continue to increase.
This potential creates great opportunities for various countries to become major players in the halal product market. Halal products not only include food and drinks, but also cosmetics, medicines, and various other products that are produced in accordance with Islamic law.
Even though Indonesia has the largest Muslim population in the world, Indonesia has not been able to become a major player in exporting halal products. The latest data shows that Indonesia is still in eighth position on the list of halal product exporting countries with an export value of US$ 13.38 billion.
The country with the highest ranking in halal product exports is China, with an export value reaching US$ 31.81 billion. China has successfully leveraged its technology and production scale to become a leader in this market. Followed by India in second place with an export value of US$ 26.37 billion. India leverages its rich culture and product diversity to meet global market demands.
In third place, Brazil recorded an export value of US$ 20.85 billion. Brazil is famous for its halal meat products which are exported to various Muslim countries. The United States followed in fourth place with an export value of US$ 20.76 billion, showing that even countries with a non-Muslim majority can become big players in this industry with the right strategy.
Turkey is in fifth position with an export value of US$ 16.34 billion, followed by Russia in sixth position with US$ 15.21 billion. France is in seventh place with an export value of US$ 15.02 billion. The success of these countries in exporting halal products shows that quality and compliance with halal standards can be integrated in the production process effectively.
Indonesia, with an export value of US$ 13.38 billion, has a big opportunity to improve its position in the future. With the right strategy, improving product quality and increasing production capacity, Indonesia can optimize the huge potential of its halal product market.
Overall, the growth of the global sharia economy and increasing spending by Muslim communities creates great opportunities for various countries to compete in the halal product market.
By utilizing technology, innovation and the right marketing strategies, these countries can increase the export value of their halal products and play an important role in the global market.
Source: Bappenas