Indonesia-Kuwait Trade Weakened in 2021

Dzulfiqar Fathur Rahman 29/08/2022 17:00 WIB

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In 2021, bilateral trade in goods between Indonesia and Kuwait reached US$395.46 million, a decrease of 10.29% from the previous year.

Indonesia-Kuwait Trade Value (1989–2021)

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Indonesia-Kuwait Trade Weakened in 2021

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Indonesia-Kuwait Trade Value (1989–2021)

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Trade relations between Indonesia and Kuwait weakened in 2021, amid a relatively stagnant export trend in recent years.

Citing the United Nations Comtrade database, the value of trade in goods between Indonesia and Kuwait in 2021 reached US$395.46 million, down 10.29% year-on-year (yoy).

In 2021, Indonesia recorded a trade deficit with Kuwait of US$138.12 million. This is smaller than the deficit of US$142.88 million in the previous year.

The value of Indonesian goods exported to Kuwait in 2021 fell by 13.62% (yoy) to US$128.67 million. Meanwhile, the value of goods imported fell by 8.58% (yoy) to US$266.79 million.

Indonesia and Kuwait have maintained diplomatic relations since 1968. This Middle Eastern country imports a variety of products from Indonesia, including paper, rubber, and furniture.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."