The negative reaction of the Indonesian stock market and the rupiah exchange rate to Donald Trump's initial lead in the US presidential election is not without reason. This is because the US is the main destination for Indonesia's non-oil and gas exports. The Republican presidential candidate's policies, perceived as less pro-market, could negatively impact Indonesian exports.
Indonesia's Central Bureau of Statistics recorded non-oil and gas exports to the US reaching US$10.23 billion, or approximately Rp 133 trillion, during the January-August 2016 period. This figure surpasses Indonesia's exports to other countries such as China, Singapore, and Malaysia. Exports to the US accounted for 12.3 percent of Indonesia's total non-oil and gas exports of US$83 billion.
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