What is the volume of Indonesia's trade with ASEAN countries?

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11/08/2017 13:48 WIB

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Indonesia's Trade with ASEAN Member States (January-June 2016 and January-June 2017)

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Indonesia's Trade with ASEAN Member States (January-June 2016 and January-June 2017)

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Indonesia's trade with the nine member countries of the Association of Southeast Asian Nations (ASEAN) during the January-June 2017 period grew by 19.36 percent compared to the same period the previous year. The total trade value for the first six months of the year reached US$31.95 billion, equivalent to Rp 425 trillion, up from US$26.77 billion.

Singapore remained Indonesia's largest trading partner in Southeast Asia, with transactions totaling US$12 billion, or approximately 37.6 percent of total trade with other ASEAN member countries. This was followed by Malaysia with US$7.26 billion (27.15 percent), and Thailand in third place with US$6.4 billion (approximately 10 percent of the total).

Indonesia's exports to other ASEAN countries in the first six months of 2017 reached US$15.65 billion, while imports reached US$16.3 billion, resulting in a deficit of US$656 million. Indonesia's trade with its trading partners in the ASEAN region in the first half of the year experienced growth, except for Brunei Darussalam, which recorded a 57 percent decrease.

"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."