Indonesia consistently runs a trade deficit with Saudi Arabia.

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28/02/2017 09:28 WIB

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Indonesia's Trade Deficit with Saudi Arabia 2011-2016

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Indonesia's Trade Deficit with Saudi Arabia 2011-2016

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Indonesia has consistently recorded a trade deficit with Saudi Arabia from 2011 to 2016. In 2016, Indonesia's trade deficit with Saudi Arabia reached US$1.39 billion, or approximately Rp 18.5 trillion. This figure represents an increase compared to the previous year's deficit of US$1.36 billion.

The visit of the Saudi Arabian King Salman bin Abdulaziz Al Saud to Indonesia, as part of his tour of several Asian countries including Malaysia, China, and Japan, can be leveraged as an opportunity to boost bilateral trade.

Indonesia's exports to Saudi Arabia in 2016 amounted to only US$1.33 billion, while imports reached US$2.73 billion. Similarly, in 2015, Indonesian exports totaled US$2.06 billion, but imports from Saudi Arabia reached US$3.42 billion.

"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 consistently runs a trade deficit with Saudi Arabia.

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