2016: Indonesia's Car Exports and Imports Decline

07/03/2017 12:07 WIB

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Indonesia's Car (CBU) Exports and Imports 2010-2016

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Indonesia's Car (CBU) Exports and Imports 2010-2016

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Indonesia's Completely Built Up (CBU) car exports and imports decreased in 2016. Data from the Indonesian Automotive Industry Association (Gaikindo) recorded a 6.4 percent drop in Indonesian car exports in 2016, to 194,397 units. Meanwhile, car imports into Indonesia shrank by 8.18 percent to 75,571 units in 2016.

The sluggish domestic economy and the weakening Rupiah reduced consumer purchasing power for imported cars. Simultaneously, the fall in crude oil prices and the slowing global economy also caused a contraction in Indonesia's automotive export market, particularly to the Middle East.

Indonesia's highest car export volume occurred in 2015, reaching 207,691 units. Domestic automotive imports peaked in 2013 at 154,014 units. Since then, car imports have steadily declined until 2016.

"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."