Exporting to Indonesia
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.