What is the Value of Indonesia-Sweden Trade?

Indonesia's trade value with Sweden showed a declining trend from 2012 to 2016. According to the Ministry of Trade's data, the trade value between the two countries in 2012 reached US$1.45 billion, comprising Indonesian exports to Sweden valued at US$166.28 million and imports of US$1.29 billion. However, in 2016, the Indonesia-Sweden trade value decreased to only US$670.87 million, consisting of exports of US$144.69 million and imports of US$526.18 million.

In the January-February 2017 period, the Indonesia-Sweden trade value amounted to US$134.43 million, a 21.4 percent increase from the same period the previous year, which was only US$110.73 million. Indonesian exports to Sweden in the first two months of 2017 rose by 13.8 percent, reaching US$28.28 million compared to the same period the previous year. Similarly, imports also grew by 23.59 percent to US$106.25 million from the same period the previous year.

The visit of His Majesty King Carl XVI Gustaf of Sweden to Indonesia can be used as an opportunity to boost trade between the two countries, which has been continuously declining. It can also serve to improve Indonesia's trade balance, which has consistently shown a deficit with Sweden.