China: Indonesia's Main Trading Partner – How is its Performance?

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Dwi Hadya Jayani 05/02/2020 12:20 WIB

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Indonesia has consistently experienced a trade deficit with China. In 2019, the deficit reached US$15.7 billion.

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China: Indonesia's Main Trading Partner – How is its Performance?

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Indonesia-China Trade Balance

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Up to November 2019, Indonesia's trade deficit with China reached US$15.7 billion. This was due to imports from China totaling US$41 billion, while Indonesia's exports amounted to only US$25.4 billion. Previously, in 2018, the trade deficit between Indonesia and China reached its highest level since 2008, at US$18.4 billion.

Although Indonesia's trade deficit with China continues to widen, China remains Indonesia's main trading partner. In November 2019, exports to China were the largest, reaching US$2.65 billion. The accumulation from January to November 2019 reached 16.6% of Indonesia's total exports, which amounted to US$153 billion.

Currently, the world is wary of the spread of the Corona Virus (2019-nCoV), first discovered in Wuhan, China. This situation is feared to affect Indonesia's export performance, especially since China is one of Indonesia's main trading partners. Therefore, as quoted by *cnn.com*, President Jokowi has asked his officials to seize opportunities to find alternative export markets in other countries.

Editor : Aria W. Yudhistira

"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."