Indonesia-Iran Trade Decreased in 2021

Economics & Macro

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Dzulfiqar Fathur Rahman 25/08/2022 16:20 WIB

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Indonesia-Iran bilateral trade in goods fell 3.3% year-on-year (yoy) to US$208.85 million in 2021.

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Indonesia-Iran Trade Decreased in 2021

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Indonesia-Iran Trade Value (1989–2021)

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Based on the United Nations Comtrade database, the value of goods trade between Indonesia and Iran reached US$208.85 million in 2021. This figure decreased by 3.3% year-on-year (yoy).

In 2021, the value of Indonesian goods exported to Iran fell by 5.57% (yoy) to US$187.22 million. Meanwhile, the value of goods imported increased by 22.09% (yoy) to US$21.63 million.

Thus, Indonesia recorded a trade surplus with Iran of US$165.59 million in 2021. This is smaller than the surplus in 2020, which reached US$180.55 million.

Despite the differences in religious orientation between the majority Muslim groups in both countries, Indonesia and Iran have maintained diplomatic relations since 1950.

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."

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Indonesia-Iran Trade Decreased in 2021

Indonesia-Iran Trade Decreased in 2021

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Indonesia-Iran Trade Decreased in 2021

Indonesia-Iran Trade Decreased in 2021

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