Indonesia-Turkey Trade Reaches US$2 Billion in 2021

Dzulfiqar Fathur Rahman 17/08/2022 07:30 WIB

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Indonesia recorded a US$1.2 billion trade surplus with Turkey in 2021, the highest since 1989.

Indonesia-Turkey Trade Value (1989–2021)

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Indonesia-Turkey Trade Reaches US$2 Billion in 2021

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Indonesia-Turkey Trade Value (1989–2021)

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According to the United Nations Comtrade database, the value of bilateral trade in goods between Indonesia and Turkey reached US$2 billion in 2021.

This figure grew by 51.85% (yoy) from the previous year. Indonesia also recorded a trade surplus with Turkey of US$1.2 billion in 2021, the highest since 1989.

In 2021, the value of Indonesian goods exported to Turkey grew by 53.35% (yoy) to US$1.6 billion, while the value of goods imported increased by 46.12% (yoy) to US$400.63 million.

However, Turkey is not a major trading partner for Indonesia, given its contribution to the total value of goods trade was less than 0.5% last year.

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."