Branded Items can Boost Confidence???

According to BPS data processed from customs documents of the Directorate General of Customs and Excise, imports of consumer goods have increased several times in the last 5 years, in 2020 amounting to US$ 14,656 million to US$ 20,182.8 million in 2021 and then in 2022 amounting to US$ 19,832 million to US$ 21,547 million in 2023.

Excessive imports can lead to trade deficits that negatively impact currency exchange rates, foreign exchange reserves, and overall economic stability.

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