Vietnam-Indonesia trade achieves about US$ 14 billion

VCN – Indonesia is Vietnam's leading trading partner in Southeast Asia.
Indonesian President’s Vietnam visit hoped to strengthen bilateral ties Indonesian President’s Vietnam visit hoped to strengthen bilateral ties
Vietnam, Indonesia eye stronger economic, trade ties Vietnam, Indonesia eye stronger economic, trade ties
Vietnam-Indonesia trade achieves about US$ 14 billion
Chart by: T.B

According to the lastest statistics of the General Department of Vietnam Customs (GDVC), in 2023, Vietnam’s exports to Indonesia recored over US$5 billion. 14 comodity groups reached the import turnover of US$100 milion or more.

Rice exports to Indonesia reached 1.16 tons with the import tunrover of US$640 million.

Export tunover of major exported comodity groups includes Iron and steel at US$ 483 million; machinery, equipment, tools, and spare parts at about US$380 million; mobile phones and components at US$368 million.

The import turnover from Indonesia in 2023 earned US$8.73 billion.

Coal is the largest import product with the import turnover of over 2 US$ billion; iron and steel with a turnover of more than US$ 1.1 billion. These are two groups of imported goods from the Indonesian market with a turnover of billions of dollars.

Other imported commodity groups with a turnover of over US$100 million include: animal and vegetable oils at US$682 million, CBU cars at USS$ 607.5 million, paper of at US$282.8 million.

The statistical data shows that the structure of import and export goods between the two other countries is diverse.

With a turnover of nearly US$14 billion in the last year, Indonesia is the country's leading trading partner in Southeast Asia. Vietnam has a trade deficit with Indonesia of US$3.73 billion.

By Thai Binh/Ngoc Loan

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