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Indonesia’s imports from China rose 30 p.c to US$16.47 billion within the first quarter of 2022 as in comparison with US$12.67 billion throughout the identical interval final 12 months, the embassy famous on Friday.
In the meantime, Indonesia’s exports to China grew 32.32 p.c to US$16.28 billion throughout the January-March 2022 quarter, from US$12.31 billion within the corresponding interval a 12 months earlier.
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Indonesian commodities whose exports to China rose considerably within the first three months of this 12 months comprised iron and metal that jumped 2.35 p.c; steel ore, 109.29 p.c; numerous chemical compounds, 66.17 p.c; natural chemical supplies, 107.37 p.c; and tin and its derivatives, 283.61 p.c.
The others had been aluminium and its derivatives, 69.66 p.c; ceramics, 71.97 p.c; processed feathers, synthetic flowers, and human hair-made items, 165.95 p.c; and vegetable textile fiber, 70.09 p.c.
Bilateral commerce between Indonesia and China within the first quarter of 2022 totaled US$32.76 billion, up 31.14 p.c as in comparison with US$24.98 billion throughout the corresponding interval final 12 months.
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The embassy additional reported that China’s funding in Indonesia throughout the January-March 2022 quarter had reached US$1.4 billion, up 40 p.c as in comparison with the identical interval final 12 months.
China is the third-biggest investor in Indonesia after Singapore and Hong Kong.
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