Indonesia's CBU Car Exports Grow by 14%

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12/02/2019 09:11 WIB

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Toyota leads Indonesia's CBU car exports abroad, reaching 206,600 units from the previous 199,600 units.

Indonesia's Completely Built-Up (CBU) Car Exports/Imports (2004-2018)

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Indonesia's CBU Car Exports Grow by 14%

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Indonesia's Completely Built-Up (CBU) Car Exports/Imports (2004-2018)

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Based on data from the Indonesian Automotive Industry Association (GAIKINDO), 2018 exports of Completely Built Up (CBU) vehicles grew by 14.44% to 264,553 units compared to the previous year. This achievement is the highest ever recorded.

Despite the global economic slowdown caused by rising US interest rates and the trade war, Indonesia managed to increase its car export market. Toyota led the shipment of Indonesian CBU cars abroad, reaching 206,600 units from 199,600 units previously.

Meanwhile, CBU car imports in 2018 fell by 5.1% to 84,148 units from 88,683 units the previous year. The sluggish domestic economy, a consequence of the global economic slowdown, the weakening of the Rupiah, and the increase in import taxes on luxury goods led to a decrease in CBU car imports.

"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."