Indonesia's Combat Vehicle Exports Weaken in 2023

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Adi Ahdiat 05/04/2024 12:55 WIB

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According to BPS data, the volume of Indonesian combat vehicle exports increased in 2023, but their value decreased, reaching the lowest record in the last five years.

Volume and Value of Exported Combat Vehicles and Parts from Indonesia (2015-2023)

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Volume and Value of Exported Combat Vehicles and Parts from Indonesia (2015-2023)

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According to data from the Central Statistics Agency (BPS), throughout 2023 Indonesia exported combat vehicles and their parts with a total weight of 635,700 tons, a 410% increase compared to 2022 (year-on-year/yoy).

However, the export value of these products weakened by 18.5% (yoy) to US$1.26 billion, the lowest in the last five years.

BPS recorded that in 2023 Indonesia exported combat vehicles and their parts to approximately 100 countries.

The main buyer was the Philippines with a transaction value of US$387.35 million, equivalent to 30.7% of the total value of national combat vehicle exports.

Other countries that purchased a significant amount of similar products from Indonesia include Vietnam (US$121.03 million) and Thailand (US$119.86 million).

The export value of Indonesian combat vehicles appears to be relatively small on a global scale.

According to data from the Stockholm International Peace Research Institute (SIPRI), large arms and combat vehicle companies can record sales worth tens of billions of dollars per 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."