National Economy
|
GDP (billion USD)
|
1,1
|
Inflation Rate (%)
|
1,87
|
|
Real GDP Growth Rate (%)
|
-2,07
|
Rate of Unemployment (%)
|
6,49
|
|
Population (million)
|
270
|
Export (USD-billion)
|
209
|
|
Population increase (%)
|
1,25
|
Import (USD-billion)
|
174
|
|
GDP per capita (USD)
|
4182
|
Turkish firms in Indonesia
|
51
|
Source: Ministry of Trade of the RI, Statistics Indonesia, World Bank
Major Trade Partners: China, Japan, Singapore, USA, South Korea
Major Export Items: Mineral fuels, oils, distillation products, etc; Animal, vegetable fats and oils, cleavage products, etc; Electrical, electronic equipment; Rubber and articles thereof
Major Import Items: Mineral fuels, oils, distillation products, etc; Machinery, nuclear reactors, boilers, etc; Electrical, electronic equipment; Iron and steel.
Bilateral Commercial and Economic Relations:
Source: Ministry of Trade of the Republic of Türkiye
|
Türkiye’s Export and Import with Indonesia (million $)
|
|
|
2017
|
2018
|
2019
|
2020
|
2021(11Months)
|
|
Export
|
236
|
270
|
276
|
213
|
271
|
|
Import
|
1.506
|
1.333
|
1.281
|
1.184
|
1.669
|
|
Volume
|
1.743
|
1.603
|
1.557
|
1.397
|
1.970
|
|
Balance
|
-1.271
|
-1.063
|
-1.005
|
-970
|
-1.428
|
Major Export Items to Indonesia: Tobacco and manufactured tobacco substitutes; Machinery, nuclear reactors, boilers, etc; Milling products, malt, starches, inulin, wheat gluten; Commodities not elsewhere specified
Major Import Items from Indonesia: Animal, vegetable fats and oils; Manmade staple fibres; Manmade filaments; Rubber and articles thereof.
As a member of G-20,Indonesia has become the 1 st largest economy in Southeast Asia and the 16th largest economy in the world with a population of 270 million and a national income of 1.1 trillion USD as of 2021.
The eighth Türkiye-Indonesia Joint Economic Commission (JEC) Meeting was held on 11-12 October 2017 in Jakarta.
Türkiye’s export to Indonesia reached 271 million USD, while the imports from Indonesia was realized as 1,6 million USD in 2021. Indonesia experienced a trade surplus of 1,39 million USD with Türkiye in 2020.
Currently, 19 Indonesian companies operate in Türkiye, while 51 Turkish companies operate in Indonesia.