Exporting to Indonesia

Indonesia Export Guide | Trade Finance Global

Exporting to Indonesia

Through the building of an extensive free trade network with more than 40 countries, Mexico has risen to the status of the second largest economy in Latin America. Currently ranked as the world’s fifteenth largest economy it is tipped by World Bank analysts to rise to fifth by 2050.

Mexico’s imports are about $355 billion per annum with major imports being refined petroleum ($23.8 billion), vehicle parts ($20 billion), integrated circuits ($11 billion) and computers ($9.6 billion). Major import partners are the United States ($180 billion), China ($56 billion) and Japan ($14 billion).

Indonesia Country Profile

Official Name (Local Language)Republik Indonesia
CapitalJakarta
Population258,316,051
CurrencyIndonesian Rupiah
GDP$941 billion
LanguagesBahasa Indonesia
Telephone Dial In62

Indonesia Imports Profile

Imports ($m USD)

157,388

Number of Import Products

4,413

Number of Import Partners

222

Top 5 import partners

Country

Trade

% Partner Share

China

34,521

21.93

Singapore

16,992

10.80

Japan

14,134

8.98

Malaysia

9,059

5.76

Thailand

9,036

5.74

Top 5 Import Products at HS 6 digit level

Export product

Number

Petroleum oils, etc, (excl. crude); preparation

9.5%

Petroleum oils and oils obtained from bituminou

5.2%

Spelt, common wheat and meslin

2.3%

Parts of electrical apparatus for line telephon

2.1%

Raw cane sugar, in solid form

1.8%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Indonesia

Agriculture

%

Product List

13.7%

Rubber and similar products, palm oil, poultry, beef, forest products, shrimp, cocoa, coffee, medicinal herbs, essential oil, fish and its similar products, and spices

Industry

%

Industry List

40.3%

Petroleum and natural gas, textiles, automotive, electrical appliances, apparel, footwear, mining, cement, medical instruments and appliances, handicrafts, chemical fertilizers, plywood, rubber, processed food, jewelry, and tourism

Services

%

Services List

0,46%

Exporting to Indonesia: What is trade finance?

Export finance is a revolving facility which alternative financiers offer – it enables SMEs to buy products and can help ease cash management.

Often, a trade financier will fund up to 100% of the cost of the receivables, including charges (e.g. delivery costs).

Trade finance offers added advantages over more traditional bank finance including asset finance or business loans. Trade finance provides up front funding without affecting existing bank relationships.

How does it work?
If you’re a firm importing or exporting stock around the world, then a trade finance facility would help you to fund this through offering a letter of credit or some form of cash advance.

I’m looking to export to Mexico, how can Trade Finance Global help, and how does it work?
If you are looking to export products to other countries, you may need export finance, which is a commercial agreement between you (the exporter), and the importer. A trade finance bank would advance you the cost of producing the products that you are exporting (as a debt product), either once you have shipped the goods, or before producing them. Once the importer has received the stock and pays you for the import, you will repay the advance from the export bank over an agreed period.

information

Exporting to Indonesia? Contact our local experts

First Name*

Last Name*

Your Organisation*

How much trade finance are you seeking?*

Your Email*

Telephone Number*

Briefly, what type of stock or trade are you looking to finance?

(Marketing Terms can be found here)

Indonesia Economic Statistics

Government Website

http://indonesia.go.id/

Sovereign Ratings

https://countryeconomy. com/ratings/indonesia

Central Bank

Bank Indonesia

Currency USD Exchange Rate

13,483

Unemployment Rate

5.6%

Population below poverty line

10.9%

Inflation Rate

0,03

Prime Lending Rate

6.37%

GDP

$941 billion

GDP Pro Capita (PPP)

$11,700

Currency Name

Indonesian Rupiah

Currency Code

IDR

World Bank Classification

Lower Middle Income

Competitive Industrial Performance

41/138

Corruption Perceptions Index

96/180

Ease of Doing Business

73/190

Enabling Trade Index

70/136

Currency in Indonesia

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