Indonesia's exports to the United States (US) in 2015 reached US$16.5 billion, or approximately Rp224 trillion at an exchange rate of Rp13,975 per US dollar. This achievement surpassed the value of exports to China, which amounted to US$15 billion. Exports to the US in 2015 only declined slightly by 1.8 percent, while exports to China fell significantly by 17 percent.
Previously, export values to China had always been the largest compared to other major export destinations for Indonesia. The slowdown of the Chinese economy, impacting the decline in import demand from Indonesia, caused export performance to China to decrease in 2015. This was further exacerbated by the ban on exporting raw mining materials.
President Joko Widodo called for the Indonesian Rupiah's exchange rate to be measured not only against the US dollar, but also against the yuan. He argued that the Rupiah's exchange rate against the US dollar cannot be the sole indicator for measuring Indonesia's economy. This is in relation to the weakening of the Rupiah against the US dollar following Donald Trump's election as President of the United States, despite Indonesia's fundamentally sound economy.
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