The country is rich in natural resources, including coal, palm oil, and rubber, which have contributed to its economic prosperity.
Its strategic location in Southeast Asia positions it as a key player in the region’s trade and economic landscape. Political stability has also played a crucial role in fostering a favourable environment for economic development.
Trading in Indonesia offers numerous advantages for UK companies, making it an appealing destination for international commerce. Shared historical and cultural ties between the two nations foster a conducive atmosphere for business relationships and mutual understanding.
- Head of State: President Joko Widodo
- Capital City: Jakarta
- Total Population: 278,229,675
- Languages: Javanese, Sundanese, Maduranese, Bahasa Bugis, Minangkabau
- Religions: 02% Muslim, 7.43% Christian, 3.06% Catholicism, 1.69% Hinduism, 0.73 Buddhism, 0.03 Confucianism, 0.04% Others
- Monetary Unit: Rupiah (IDR)
- Natural Resources: Coal, copper, gold, oil, and natural gas
- Major Exports: Oil and gas, minerals, crude palm oil, electrical appliances, and rubber products
- Major Imports: Machinery and equipment, chemicals, fuels, and foodstuff
- Main Import Trading Countries: China, Singapore, Japan, United States
The Indonesian government has also implemented investment-friendly policies, including tax incentives, and streamlined bureaucracy, to attract foreign investment.
The UK and Indonesia continue to strengthen trade relations with bilateral agreements aimed at reducing trade barriers.
Indonesia’s impressive economic growth, coupled with its strategic location and investment-friendly policies, makes it an attractive destination for UK businesses seeking to expand their global footprint.
As the economic ties between the two nations deepen, the future looks promising for UK-Indonesia trade, further strengthening the economic partnership that has endured for generations.