Enhancing Korean-Indonesia Trade Relations: A Path to $100 Billion by 2020
The trade landscape between Korea and Indonesia showcases significant growth potential, with a bilateral trade volume exceeding $38 billion in 2012 and ambitions to reach $50 billion by 2015 and $100 billion by 2020. Korea has emerged as Indonesia's fourth-largest trading partner, emphasizing the synergy in industrial competitiveness. Indonesia serves as a vital source of energy and raw materials for Korea, while Korea provides essential intermediary industrial goods to Indonesia. Both nations aim to strengthen their economic ties further for mutual benefit.
Enhancing Korean-Indonesia Trade Relations: A Path to $100 Billion by 2020
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Presentation Transcript
02. Trade Landscape Korean Exports to Indonesia Korean Imports From Indonesia Trade Volume • Tremendous Synergy in Industrial Competitiveness • Bilateral Trade Volume Exceeded US$38 Billion in 2012Construction & Operation of Nuclear Power Plant by 2020 • Partners aim to increase total trade to US$50 billion by 2015 & US$100 billion by 2020 • Korea is fourth largest trading partner for Indonesia, surpassing the U.S., India, Australia and others Two-Way Trade Trend Indonesia's Top Export Destinations in 2012 (Unit: US$ Mil.) Source : KOTRA Source : Indonesia Investment Coordinating Board
02. Trade Landscape • Showcasing Golden Complementarity in Economic Structure • Indonesia.. Major source of energy & raw material resources for Korea • Korea.. Reliable supplier of intermediary industrial goods to Indonesia Top 10 Trade Items Between Korea & Indonesia Source : KOTRA
03. Investment Landscape Amount Cases • Korea: Indonesia’s Third Largest Investor (2012) • US$1.94 billion, ahead of the U.S., China, others • Number of Korean companies having advanced into Indonesia has reached about 1,300 Two-Way Investment Trends in Indonesia Indonesia FDI Realization by Country of Origin (Unit: US$ Million) Source: KOTRA Data Source: Indonesia Investment Coordinating Board
03. Investment Landscape 1.80% 4.4% 0.50% • Korean Investment Trends in Indonesia by Sector 14.3% Primary Industries Secondary Industries Secondary Industries 45.20% Total 100% 8.60% 7.6% (Unit: US$1,000) (Unit: US$1,000) (Unit: US$1,000) 0.6% 4.50% 0.1% 1.20% 1.00% 4.50% 10.1% 26.90% 54.30% Total 100% 5.1% 1.10% Total 100% 1.50% Processed Food 50,616 Textiles164,577 64.90% Leather Goods & Footwear88,316 Agriculture 1,232 Construction2,225 Timber7,384 Trade/Repair13,427 Livestock 649 Paper & Printing1,610 Hotels & Restaurants750 Forestry 0 Chemicals & Pharmaceuticals117,023 Transport, Warehousing & Communication32,328 Rubber & Plastics58,837 Fisheries 0 Real Estate & Industrial Complexes500 Nonferrous Metals13,000 Mining 6,500 Electricity, Gas& Piped Water 0 Metals, Machinery & Electronics 626,843 Other Services609 Medical & Precision Optical Machinery 0 Automobiles & Transportation Equipment5,920 Other Manufacturing Industries20,381 Sub-Total 14,381 Sub-Total1,154,507 Sub-Total49,839