Indonesia’s intra-regional trade has picked up strongly in recent months, but exports to China, the US and the EU have continued to fall. Trade within Asia will be Indonesia’s fastest growing source of growth. China, India and become prominent trade partners overtaking Japan does. Exports to the Middle East and North Africa region are also expected to witness solid growth. Indonesia import needs will rise rapidly, both in terms of capital goods for infrastructure and consumer products for the domestic market. Vietnam and India will be Indonesia’s fastest growing import partners.
Opportunities for UK businesses
The recent trend of increased foreign business interests in Indonesia is likely to continue. The government’s ambitious economic master plan, which aims to increase connectivity across the country through infrastructure development, provides opportunities for UK businesses. Important opportunities exist in mining and agribusiness equipment and services, telecommunications, education and professional training, research, medical equipment and construction.
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