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Archive for the ‘Indonesia’ Category

Indonesia Leads Global Thermal Coal Trade as Exports Hit Record Highs in 2024

Energy / Natural Gas, Indonesia, News

December 10, 2024

The global trade of thermal coal has reached remarkable new heights in 2024, showcasing the adaptability and resilience of energy markets in meeting diverse global demands. Despite rapid growth in renewable energy capacity, coal remains a crucial energy resource, driven by increasing consumption across key regions and the need for reliable power during seasonal peaks. […]

Indonesia’s Economy Records Resilient 5% Growth in Q4

Economic Development, Indonesia, News

December 3, 2024

In the final quarter of the year, Indonesia’s economy demonstrated remarkable resilience, with a robust growth rate of 5.0% compared to the previous year. This encouraging performance was underpinned by strong domestic consumption, even in the face of challenges such as shrinking exports and declining commodity prices. These insights emerge from a recent Reuters poll […]

Indonesia and Canada Strengthen Trade Relations with Comprehensive Economic Partnership Agreement

Canada, Indonesia, International Trade Agreements, News

December 2, 2024

Indonesia and Canada have signed a landmark Comprehensive Economic Partnership Agreement (CEPA), signaling a commitment to deepen economic ties and foster sustainable trade growth. This milestone agreement, finalized after three years of negotiations, will take effect in 2026 and aims to create a more predictable and mutually beneficial trade relationship between the two G20 nations. […]

Indonesia’s Trade Performance Exceeds Expectations, Strong Export Growth Drives Economic Momentum

Indonesia, International Trade and Economic, News

November 14, 2024

Indonesia has posted impressive trade results for October 2024, showcasing strong growth in both exports and imports, which highlights the resilience of the nation’s trade sector amid global market dynamics.   Exports from Indonesia reached $24.41 billion in October, growing by 10.25% year-on-year—significantly surpassing market expectations of a 3.84% increase. This marks the highest export […]

China and Indonesia Strengthen Strategic Ties with New Cooperation Deals

China, Indonesia, International Trade and Economic Relations, News

November 9, 2024

In a significant step towards enhancing bilateral ties, Chinese President Xi Jinping and Indonesian President Prabowo Subianto have signed multiple cooperation agreements aimed at deepening collaboration in key sectors. These agreements, which include areas such as water conservation, maritime resources, and mining, signal a strengthened partnership between the two nations, with long-term trade and economic […]

Indonesia Set to Boost Global Trade with Electric Vehicle Battery Precursor Exports

Automotive Industry, Indonesia, News

November 4, 2024

Indonesia is on the verge of making significant strides in the global electric vehicle (EV) supply chain, as it prepares to export battery precursor materials to major manufacturers, including Tesla Inc. Minister of Energy and Mineral Resources, Bahlil Lahadalia, announced that exports are expected to begin by January 1, 2025, marking a promising development for […]

Indonesia Strengthens Global Trade with Expanding Shallot Exports

Agricultural Exports, Indonesia, News

October 14, 2024

Indonesia’s National Food Agency (Bapanas), under the leadership of Arief Prasetyo Adi, is making remarkable progress in positioning the country as a vital player in the global food market, particularly through its shallot exports. The successful export of shallots to Malaysia and other nations highlights Indonesia’s ability to meet international food demands while reinforcing its […]

Indonesia Maintains Trade Surplus Despite Higher Oil Imports

Indonesia, International Trade, News

July 17, 2024

Indonesia continued its streak of trade surpluses last month, showcasing resilience even as oil imports saw an increase, affecting the surplus marginally. Amalia Adininggar Widyasanti, interim head of Statistics Indonesia (BPS), reported on Monday that June marked the 50th consecutive month of trade surplus. Exports totaled US$20.84 billion, surpassing imports at US$18.45 billion, resulting in […]

Indonesia Initiates Task Force with Business Chamber to Address Import Data Challenges

Indonesia, News

July 10, 2024

Indonesia’s Trade Ministry, under the leadership of Minister Zulkifli Hasan, has teamed up with the Indonesian Chamber of Commerce and Industry (Kadin) to launch a collaborative task force aimed at resolving discrepancies in import data. This joint effort comes in response to concerns over discrepancies between data reported by Statistics Indonesia (BPS) and exporting countries. […]

Indonesian Minister Clarifies Universal Application of Anti-Dumping Import Duties

Indonesia, International Trade, News

July 8, 2024

Indonesia’s Minister of Trade, Zulkifli Hasan (Zulhas), has clarified that the upcoming increase in anti-dumping import duties will not solely target products from China but will extend to imports from all countries.   Addressing the press during his visit to the Rendang Asese Center in Padang, West Sumatra, on Sunday, July 7, 2024, Zulhas emphasized […]

Indonesia’s February Trade Surplus Widened

Economic Indicators, Indonesia, News

March 14, 2024

As February came to a close, forecasts indicated that Indonesia’s trade surplus had expanded slightly, bolstered by a moderated decline in exports and a surge in imports in anticipation of Ramadan, according to a Reuters poll conducted from March 7-14.   Insights from 20 economists projected a trade surplus of $2.32 billion for February, up […]

Indonesia Aims for OECD Membership to Boost Trade Prospects

Indonesia, News, Trade Policy

February 28, 2024

Indonesia is eyeing membership in the Organization for Economic Co-operation and Development (OECD) within the next two to three years, with the aim of enhancing its trade landscape, a senior cabinet minister announced Wednesday.   As Southeast Asia’s largest economy, Indonesia sees OECD membership as a strategic move to attract increased investment and foster beneficial […]

Indonesia Takes Proactive Step to Ensure Fair Trade Practices, Initiates WTO Dispute Over EU Fatty Acid Duties

Europe, Indonesia, International Trade, News

February 12, 2024

In a bid to address concerns over the European Union’s imposition of definitive anti-dumping duties on fatty acid imports from Indonesia, the Southeast Asian nation has taken a significant step by initiating WTO dispute consultations with the EU. The request for consultations, formally circulated to WTO members on February 12th, signals Indonesia’s commitment to upholding […]

Japan and Indonesia Strengthen Trade and Collaboration in Updated Agreement

Indonesia, International Trade, Japan, News

January 25, 2024

Japan and Indonesia have reached an agreement to remove trade barriers and enhance cooperation across various sectors, as announced by Indonesia’s Foreign Minister Retno Marsudi.   This development follows a bilateral meeting between Japanese Prime Minister Fumio Kishida and Indonesian President Joko Widodo in Tokyo on December 16, 2023, during which the two leaders discussed […]

Indonesia Surprises Markets with Robust Trade Surplus as Imports Take Unexpected Dip

Indonesia, International Trade, News

January 16, 2024

In a twist of events, Indonesia’s trade dynamics defied expectations in December, revealing a notable trade surplus driven by an unexpected drop in imports. While export figures declined by 5.8% year-on-year (YoY), the real surprise came from a 3.8% YoY contraction in imports, in stark contrast to the anticipated 0.2% gain.   The decline in […]

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