Exporting to Indonesia

Indonesia is a group of islands located near Malaysia, Singapore, Philippines and Australia. The country has a population of 264.2 million (IMF, 2018) making it a large potential consumer base. In the year to June 2019, total UK exports to Indonesia amounted to £1.4 billion (ONS, 2019).

Consistent economic growth

Indonesia’s GDP has continued to grow consistently each year since 2014, with a growth rate of 5.2% in 2018 (IMF, 2019). This should lead to an increase of spending power for consumers which UK businesses could benefit from.

Demand of goods and services

In the year to June 2019, the top goods exported from the UK to Indonesia were metal ores and scrap, pulp and waste paper, road vehicles, toilet and cleansing preparations and medicinal and pharmaceutical products (ONS, 2019). The top services imported by Indonesia from the UK were business, insurance and pension, travel, transportation and financial services (ONS, 2019). If you operate in any of these industries, Indonesia could be a good market for you.

Ease of doing business

73rd

out of 190 countries (World Bank, 2020)

Currency

Rupiah (also known as IDR)

Business language

Bahasa Indonesian

You’re likely to need a translator

GDP per capita

$3,870.60

UK is $41,030 (IMF, 2019)

Economic growth

5.2%

(IMF, 2019)

Time zone

GMT +7/8/9

Jakarta is GMT +7

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.