Indonesia's Second Largest Export Market

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Adi Ahdiat 10/04/2025 14:15 WIB

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According to BPS data, in 2024 the US became Indonesia's second largest export market, after China.

Indonesia's Top 10 Export Destinations (2024)

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Indonesia's Second Largest Export Market

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Indonesia's Top 10 Export Destinations (2024)

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United States President Donald Trump imposed new trade tariffs on several countries, including Indonesia.

Starting this year, Indonesian products exported to the US will be subject to a 32% import duty. This is according to [link to Indonesian article].

Initially, the 32% tariff was to take effect in early April 2025. However, Trump later announced a postponement.

"I have authorized a 90-day delay and a substantial tariff reduction during this period, to 10%, also effective immediately," Trump said, as reported by The Associated Press on Thursday, April 10, 2025.

Trump's tariff policy risks hindering Indonesia's trade performance. The US is Indonesia's main export market after China.

According to data from the Central Statistics Agency (BPS), in 2024, Indonesia's exports to China reached US$62.4 billion, equivalent to 23.6% of total national exports.

Indonesia's exports to the US reached US$26.3 billion, equivalent to 9.9% of total national exports.

"The US, the second-largest export destination, poses a risk to Indonesia," said Finance Minister Sri Mulyani in her presentation at the Economic Sarasehan event in Jakarta on April 8, 2025.

In response to this situation, Sri Mulyani stated that the government will negotiate tariff reductions through deregulation, such as simplifying the tax restitution process and [link to Indonesian article].

The government also plans to optimize the potential for trade diversion with other countries.

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 Second Largest Export Market

Indonesia's Second Largest Export Market

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Indonesia's Second Largest Export Market

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