Indonesia-South Korea Trade Value Grew by 37.8% in 2021

Dzulfiqar Fathur Rahman 22/08/2022 16:40 WIB

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Trade in goods between Indonesia and South Korea grew by 37.8% to US$18.4 billion in 2021 from the previous year, according to United Nations data.

Indonesia-South Korea Trade Value (1989-2021)

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Indonesia-South Korea Trade Value Grew by 37.8% in 2021

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Indonesia-South Korea Trade Value (1989-2021)

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Trade in goods between Indonesia and South Korea shows an increase. The value of trade in goods between Indonesia and South Korea grew by 37.8% to US$18.4 billion in 2021 from the previous year, based on data from the United Nations Comtrade database.

South Korea is one of Indonesia's main trading partners. The country contributed 0.04% to Indonesia's total trade value in 2021.

Indonesia recorded a trade deficit with South Korea of US$446.72 million in 2021. This is wider than the US$341.8 million deficit in the previous year.

The value of Indonesian goods exported to South Korea grew by 38% to US$8.98 billion in 2021 from the previous year. On the other hand, the value of goods imported increased by 37.63% to US$9.42 billion during the same period.

Editor : Annissa Mutia

"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."