Quick Answer: What does the US trade with Indonesia?

What does the US get from Indonesia?

U.S. imports of services from Indonesia were an estimated $518 million in 2020, 53.5 percent ($597 million) less than 2019, but 1 percent greater than 2010 levels. Leading services imports from Indonesia to the U.S. were in the travel, technical and other services, and financial services sectors.

What does Indonesia import to the US?

1. Knit and Crochet Apparel and Accessories. Knit and crochet clothing and accessories (HS Code 61) are the top import from Indonesia to the United States. In 2018, Indonesian imports of knit apparel totaled $2.3 billion and accounted for 11.1% of all U.S. imports from Indonesia.

What do we trade with Indonesia?

Indonesia’s main trading partners are other Asian countries – Japan, China, Singapore and South Korea. The United States is also a significant export market. Indonesia’s most important export commodities are oil and gas, minerals, crude palm oil, electrical appliances and rubber products.

Does the US have a good relationship with Indonesia?

Relations between Indonesia and the U.S. are generally positive and have advanced since the election of President Susilo Bambang Yudhoyono in 2004. Cooperative relations are maintained today, although no formal security treaties bind the two countries.

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What are Indonesia Major imports and exports?

Indonesia has generous natural resources, including crude oil, natural gas, tin, copper, and gold. Its key imports include machinery and equipment, chemicals, fuels, and foodstuffs. Major exports include oil and gas, electrical appliances, plywood, rubber and textiles.

What makes up Indonesia economy?

Indonesia has a market-based economy in which the government plays a significant role, including administering prices for some basic goods such as fuel, rice and electricity. In terms of value added, the industrial sector accounted for 40 per cent of GDP in 2015. … The United States is also a significant export market.

Who is Indonesia’s biggest trading partner?

Indonesia top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China 27,962 16.68
United States 17,874 10.66
Japan 16,003 9.54
Singapore 12,917 7.70

Is Indonesia a trade surplus or deficit?

A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2020, Indonesia’s trade surplus amounted to around 21.68 billion U.S. dollars.

Indonesia: Trade balance from 2010 to 2020 (in billion U.S. dollars)

Characteristic Trade balance in billion U.S. dollars

What is Indonesia’s number one export?

Searchable List of Indonesia’s Most Valuable Export Products

Rank Indonesia’s Export Product 2020 Value (US$)
1 Palm oil $17,364,812,000
2 Coal, solid fuels made from coal $14,547,621,000
3 Gold (unwrought) $5,541,878,000
4 Petroleum gases $5,452,286,000

What is Indonesia’s number one import?

Imports The top imports of Indonesia are Refined Petroleum ($12.3B), Crude Petroleum ($5.11B), Vehicle Parts ($3.25B), Telephones ($3.19B), and Petroleum Gas ($2.53B), importing mostly from China ($45B), Singapore ($19.8B), Japan ($13.9B), Thailand ($8.75B), and United States ($7.91B).

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Does Indonesia trade with Australia?

Indonesia has been a growing market for Australian goods and services exporters. In 2018-19, total two-way trade in goods and services with Indonesia was worth A$17.8 billion, making Indonesia our 13th largest trading partner.

Does Indonesia like China?

A Pew Research Center poll in 2019 indicated favourability had dropped since then, with 36% of Indonesians expressing a favourable view of China and 36% expressing an unfavourable view.

Is there a US military base in Indonesia?

The United States and Indonesia are building a U.S. $3.5 million coast guard training center in Batam, an industrial and transport hub at the southern end of the South China Sea, to boost Jakarta’s capacity to fight domestic and transnational crime, authorities said.

Why did US invade Indonesia?

Military rebellion

The Indonesian government of Sukarno was faced with a major threat to its legitimacy beginning in 1956, when several regional commanders began to demand autonomy from Jakarta. After mediation failed, Sukarno took action to remove the dissident commanders.