International trade between Indonesia and Germany has been growing significantly over the past few years. Germany is one of Indonesia’s largest trading partners in Europe, and Indonesia is Germany’s largest trading partner in Southeast Asia. This article will explore the importance of Indonesia as a partner country for Germany and highlight the amount of trade between the two countries in the past years and its projected forecast in the future.
Indonesia is the largest economy in Southeast Asia and the 16th largest economy in the world. With a population of over 270 million people, Indonesia is a major consumer market and exporter of commodities. Germany, on the other hand, is the largest economy in Europe and the fourth-largest in the world. Germany is also known for its advanced technology and manufacturing industries, making it a key trading partner for Indonesia.
In 2020, Indonesia’s total trade with Germany amounted to 10.7 billion euros. Indonesia’s main exports to Germany include textiles and clothing, palm oil, rubber, and electronics. Germany’s main exports to Indonesia include machinery, chemical products, and vehicles. Indonesia is a significant producer of palm oil, and Germany is one of the largest importers of this commodity. Additionally, Indonesia is also a major producer of rubber, and Germany is a significant importer of this commodity as well.
Over the past few years, the amount of trade between Indonesia and Germany has been steadily increasing. In 2019, the total trade volume between the two countries was 11.3 billion euros, which was a 6.7% increase from the previous year. The COVID-19 pandemic had an impact on the trade volume in 2020, but the amount of trade is expected to increase as the global economy recovers.
The future looks bright for the trade relationship between Indonesia and Germany. Indonesia is committed to expanding its manufacturing sector and improving its infrastructure, which will create more opportunities for German companies. In addition, the German government has identified Indonesia as one of its priority partner countries in Southeast Asia, which will lead to increased cooperation and investment.
In conclusion, Indonesia’s importance as a partner country for Germany cannot be overstated. With its large consumer market and abundant natural resources, Indonesia is a valuable trading partner for Germany. The amount of trade between the two countries has been increasing over the past few years, and the future looks promising for even more growth and cooperation.
