Indonesia's rubber tire exports are high, but imports are also significant.

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Adi Ahdiat 06/09/2022 14:10 WIB

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Indonesia is one of the largest rubber tire exporters in Asia. However, Indonesia also imports tires with a considerably high value.

Top 10 Asian Countries with the Highest Rubber Tire Import Value (2020)

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Indonesia's rubber tire exports are high, but imports are also significant.

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Top 10 Asian Countries with the Highest Rubber Tire Import Value (2020)

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According to data from The Observatory of Economic Complexity (OEC), in 2020 Indonesia exported rubber tires worth US$1.55 billion. This export value was the sixth largest in Asia.

However, Indonesia is also among the largest importers of rubber tires in Asia. The OEC recorded that Indonesia imported rubber tires worth US$477 million in 2020.

According to the Indonesian Young Bus Entrepreneurs Association (IPOMI), Indonesia mainly imports radial tires for trucks and buses, types that are not widely produced domestically.

IPOMI also revealed that in early September 2022, there was a shortage of tires domestically, making it difficult for the public transportation sector.

"For the past two years, the price of tires, especially radial tires, has been continuously increasing, and stocks are often depleted. Transportation companies cannot get a guarantee of whether the goods will be available and when they will be available," said IPOMI Chairman General Kurnia Lesani Adnan in a press release issued by *Kumparan* on Monday (September 5, 2022).

"This, of course, harms many transportation businesses, especially those with limited capital or cash flow," he continued.

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."

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Indonesia's rubber tire exports are high, but imports are also significant.

Indonesia's rubber tire exports are high, but imports are also significant.

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Indonesia's rubber tire exports are high, but imports are also significant.

Indonesia's rubber tire exports are high, but imports are also significant.

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