Chart of the Day: China and Indonesia forge closer trade ties

China-Indonesia trade values have increased dramatically in the past decade. China has been Indonesia's largest trading partner for nine consecutive years.

In 2021, the bilateral trade grew to $124 billion, up nearly 60 percent from the previous year, with China's exports increasing by 48 percent to $61 billion and imports surging by 70 percent to $64 billion, data from China's General Administration of Customs shows.

Chart of the Day: China and Indonesia forge closer trade ties

Electromechanical devices, base metals and products, textiles and raw materials and chemical products are the major goods exported from China to Indonesia, while mineral products, iron and steel, and animal and vegetable fats and oils led China's imports from Indonesia.

Back in July, when Chinese State Councilor and Foreign Minister Wang Yi co-chaired a meeting of the China-Indonesia High-level Dialogue Cooperation Mechanism with Indonesia's Coordinator for Cooperation with China and Coordinating Minister Luhut Binsar Pandjaitan in Bali, the two sides expressed satisfaction with the fruitful results of economic and trade cooperation between the two countries, especially the increase in trade volume, which ranked first among the ASEAN countries last year. The two sides agreed to continue to promote more balanced and high-quality development of economic and trade cooperation.

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Wang Yi: China, Indonesia forge ties of 'four-wheel drive' cooperation

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