Indonesia-Australia Trade Sets Record in 2021

Economics & Macro

Lite

Dzulfiqar Fathur Rahman 01/08/2022 19:40 WIB

URL has been copied

Memuat...

Indonesia-Australia bilateral trade in goods reached a record high of US$12.64 billion in 2021, the highest since 1989.

Indonesia-Australia Trade Value (1989–2021)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Indonesia-Australia Trade Sets Record in 2021

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Indonesia-Australia Trade Value (1989–2021)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Trade relations between Indonesia and Australia surged last year.

According to the United Nations Comtrade database, the value of bilateral trade in goods between Indonesia and Australia reached US$12.64 billion in 2021, the highest since 1989.

With this trade value, Australia became Indonesia's 10th largest trading partner last year, contributing approximately 2.95% to Indonesia's total trade in goods.

However, in 2021, Indonesia recorded a trade deficit in goods with Australia of US$6.2 billion. This is the largest deficit since 1989.

Throughout 2021, the value of Indonesian goods exported to Australia grew by 28.62% (year-on-year) to US$3.22 billion. The five main commodities exported by Indonesia to Australia are:

1. Oil;
2. Television equipment;
3. Wood;
4. Fertilizer; and
5. Iron or steel.

On the other hand, the value of Indonesian imports from Australia grew by 102.83% (year-on-year) to US$9.42 billion in 2021. The five main commodities imported by Indonesia from Australia are:

1. Coal;
2. Cereals such as wheat;
3. Iron ore;
4. Oil; and
5. Sugar.

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."