China remains Indonesia's largest trading partner. Based on BPS data, the value of Indonesia's trade with the "Bamboo Curtain" country reached US$72.66 billion, or more than one quadrillion rupiah, in 2018. This figure grew by 23.47% from the previous year and contributed approximately 20% to Indonesia's total trade with all its partners.
Indonesia's exports to China last year reached US$27.13 billion, while imports from the "Panda Country" reached US$45.54 billion. This means that Indonesia experienced a US$18.41 billion deficit in trade with China.
Indonesia's second-largest trading partner is Japan, with a value of US$37.46 billion, followed by Singapore with US$34.43 billion. The total value of Indonesia's trade with its top 10 partners, as shown in the graph below, grew by 14.36% to US$263.34 billion from the previous year and reached 71.38% of the total trade value.
(Read Databoks: How Much is Indonesia's Trade Transaction with China?)
"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."