Indonesia climbed up a notch to fourth position in the latest ranking of ASEAN member states exporting different commodities to China last year.
Indonesia improved its ranking owing to a 10.1-percent increase in its exports to China to reach US$37.4 billion last year.
Last year, Indonesia’s exports to China were below those of Vietnam, at US$69.5 billion; Malaysia, US $66.7 billion; and Thailand, US$43.billion.
Quoting data from the General Administration of Customs of the People’s Republic of China (GACC), the China-Indonesia trade was valued at US$78.5 billion last year, with Indonesia’s imports from China reaching US$41 billion, down 10.1 percent as compared to a year earlier.
Iron and steel, swallow’s nest, paper and paper products, coffee, tea, cashew nut, and spices were among Indonesia’s key commodities whose exports to China rose significantly. China’s investment in Indonesia excluded the US$3.5-billion investment by Hong Kong that ranked third.