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Indonesia's Trade with Latin American Countries 2016
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To anticipate a slowdown in export performance, the Indonesian government is diversifying its export destination markets. One of the targets is Latin America. To this end, the government is collaborating with Peru through a Trade in Goods Agreement (TIGA). Peru is being actively pursued by Indonesia to expand export markets and serve as a gateway for Indonesian trade with other countries in South America.
According to data from the Ministry of Trade, in 2016, Indonesia recorded a surplus of US$99.8 million from a total trade value of US$218.44 million with Peru. Indonesia-Peru trade ranked fourth, after Brazil, Argentina, and Chile.
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