Indonesia-Bangladesh Trade Records Hit Record High in 2021

Dzulfiqar Fathur Rahman 23/08/2022 16:30 WIB

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The value of trade in goods between Indonesia and Bangladesh reached US$3.03 billion in 2021, the highest since 1989.

Indonesia-Bangladesh Trade Value (1989–2021)

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Indonesia-Bangladesh Trade Records Hit Record High in 2021

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Indonesia-Bangladesh Trade Value (1989–2021)

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Based on the United Nations Comtrade database, the value of goods trade between Indonesia and Bangladesh reached US$3.03 billion in 2021.

This figure grew by 72.11% year-on-year (yoy), setting a record high since 1989.

In 2021, the value of Indonesian goods exports to Bangladesh grew by 73.52% (yoy) to US$2.92 billion. The value of imports also grew by 41.14% (yoy) to US$108.17 million. Thus, Indonesia recorded a surplus of US$2.81 billion from trade with Bangladesh last year.

With predominantly Muslim populations in both countries, Indonesia and Bangladesh have a close bilateral relationship. Both countries are also members of the Organization of Islamic Cooperation (OIC).

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."