Country Profile

Capital Jakarta
Population 284.4M
GDP $1.40T (2024)
GDP per Capita $4,925
Income Level Upper-Middle Income
Currency Indonesian rupiah (IDR Rp)
Language Indonesian
Timezone UTC+07:00
Region Asia · South-Eastern Asia

Trade Partners

Indonesia Exports To

  • China 24.0%
  • USA 9.0%
  • India 8.0%
  • Japan 8.0%
  • Singapore 5.0%

Key exports: coal, palm oil, iron alloys, lignite, garments (2023)

Indonesia Imports From

  • China 29.0%
  • Singapore 8.0%
  • Japan 7.0%
  • USA 5.0%
  • Malaysia 5.0%

Key imports: refined petroleum, crude petroleum, plastics, vehicle parts/accessories, integrated circuits (2023)

Economic Overview

upper middle-income, largest and growing Southeast Asian economy; higher lending rates to moderate inflation; ongoing relocation of capital fueling infrastructure projects; major tourism sector prompting green economy goals

Government: presidential republic

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Indonesia. Standard WTO terms apply.

Trade Barriers

20 active barriers affecting UK exporters

UK exporters to Indonesia face widespread local content requirements

Requirements for local content in Indonesia apply to many sectors. The requirements include: - retail operators to source 80% of their products locally - defence users to use locally produced defence and security tools when possible - overseas companies to …

Sectors: Advanced engineering, Automotive, Chemicals, Construction, Consumer and retail, Defence, Energy, Financial and professional services, Maritime, Medical devices and equipment, Pharmaceuticals and biotechnology, Technology and smart cities

Reported: 18 Sep 2020

Multi-Centre Clinical Trial Hurdles affecting UK exporters in Indonesia

UK firms perceive the Material Transfer Agreement (MTA) Decree No. 657 of 2009 to be a barrier to conducting international clinical research in Indonesia. The MTA prohibits the import of biological samples for laboratory tests into Indonesia, unless a sample …

Sectors: Healthcare services

Reported: 14 Sep 2020

Current tendering process for public procurement of pharmaceuticals in Indonesia affecting UK exports

In Indonesia, the current bidding system for public contracts makes it difficult to add medicines to the market. It has become increasingly difficult to list new medicines in Indonesia’s National Formulary, in which listing decisions appear to be primarily based …

Sectors: Pharmaceuticals and biotechnology

Reported: 14 Sep 2020

Local Content Requirement in pharmaceuticals affecting UK exporters in Indonesia

Minister of Industry Regulation No.16/2020 requires 50% of raw materials used for pharmaceutical products be locally sourced in Indonesia. This is an increase from the 30% requirement in previous drafts.

Sectors: Pharmaceuticals and biotechnology

Reported: 14 Sep 2020

Restrictions on the online distribution of food and drugs in Indonesia affecting UK exporters

BPOM Regulation 8/2020 imposes new requirements impacting the distribution of drugs on e-commerce platforms. These provisions include the following requirements: a) E-commerce platforms must obtain an PSEF (e-system provider) license from the relevant authorities; b) Pharmaceutical industries must conduct online …

Sectors: Food and drink, Pharmaceuticals and biotechnology

Reported: 10 Sep 2020

View all 20 barriers on GOV.UK →

Geographic Region

Trading Bloc Memberships

Indonesia is a member of the following trade agreements and economic blocs.

Export Guidance

Relevant guidance for exporting to Indonesia.

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Also in This Region

Official Resources

Government export support for Indonesia.