According to the report of the US Department of Commerce last week, the trade of both countries increased 7.58 percent compared to 2012, which was US$25.99 billion.
"This trade increase is a good trend, considering the global trade recovery that has not reached 100 percent," said Trade Deputy Minister Bayu Krisnamurthi, said yesterday.
Indonesia's export to the US in 2013 was US$18.88 billion or 4.89 percent increase from 2012, which was US$17.99 billion. Non-oil and gas industry still dominates Indonesia's export to the US with a value of US$17.99 billion. "Non-oil and gas industry increased 1.88 percent," Bayu said.
However, Bayu said Indonesia's imports from the US in 2013 also rose sharply, with US$9.09 billion, or increased 13.65 percent from the previous year.
Bayu said that based on the US Department of Commerce’s data, there are four Indonesia’s export products worth above US$1 billion. They are woven garments (US$2.25 billion), electrical machinery (US$1.58 billion), footwear (US$1.15 billion) and fish and seafood (US$1.03 billion).
For the record, the total trade between 10 ASEAN countries and the US in 2013 reached US$205.95 billion or increased 3.84 percent. Among the US trading partners in ASEAN, Indonesia ranked the fifth.
ASEAN counties with the largest trading with the US are Singapore (US$48.55 billion), Malaysia (US$40.29 billion), Thailand (US$37.99 billion), and Vietnam (US$29.66 billion).
Previously, Finance Minister Chatib Basri said Indonesia’s trade balance improvement was a result of the government’s policies last year, which included increasing import income taxes from 2.5 percent to 7.5 percent.
Source : Tempo
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