Indonesia-Russia trade balance in 2016 showed a surplus of US$410 million.

Trade

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10/08/2017 18:21 WIB

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Indonesia-Russia trade balance in 2016 showed a surplus of US$410 million.

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Indonesia-Russia Trade (2012-May 2017)

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PT Perusahaan Perdagangan Indonesia (Persero) has signed a memorandum of understanding (MoU) with the Russian company, Rostec. Both parties are committed to immediately realizing an exchange of Sukhoi SU-35 fighter jets for a number of Indonesia's leading commodities.

Indonesia-Russia trade in 2016 reached US$ 2.11 billion, or the equivalent of Rp 28 trillion. Indonesia recorded a surplus of US$ 410 million from exports totaling US$ 1.26 billion, while imports amounted to only US$ 850 million. Since 2015, Indonesia has recorded a trade surplus with Russia.

The planned barter of aircraft for Indonesian commodities will undoubtedly boost Indonesia-Russia trade. The Sukhoi jets to be imported from Russia will replace the obsolete F-5 aircraft fleet of the Indonesian Air Force.

"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-Russia trade balance in 2016 showed a surplus of US$410 million.

Indonesia-Russia trade balance in 2016 showed a surplus of US$410 million.

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Indonesia-Russia trade balance in 2016 showed a surplus of US$410 million.

Indonesia-Russia trade balance in 2016 showed a surplus of US$410 million.

Tags

Related Data

China: Indonesia's Highest Value Non-Oil and Gas Importer in Q3 2025

China is the Top Destination for Indonesia's Non-oil and Gas Exports up to Q3 2025

Indonesia's Import Value Slightly Strengthened by 2.62% by the End of Q3 2025

Indonesia's Export Value Increased by 8.14% by the End of Q3 2025

Jakarta Sets Record Export Value in July 2025, Here Are Its Destination Countries

Export Value of Indonesian Forestry Industry Products Decreased in the Last 2 Years

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