The two major Asian economies 'India' and 'Indonesia' have strong bilateral trade relations dated back from ancient times which later intensified after the departure of the imperial regime from both the nations. Indonesia is the neighbour country of India with sharing some part of the maritime border.
Looking at global trade patterns, India and Indonesia have agreed to double their efforts to boost bilateral trade to $50B by 2025 in a way towards the up-gradation of comprehensive strategic partnership. This move by the government of both nations for trade promotion gave India a shift over major exports of India to Indonesia and India exporters.
India export to Indonesia averaged a total of 9.89 INR billion from 1991 until 2019, reaching an all-time high of 60.54 INR billion in March 2019. Major exports of India to Indonesia include jute products, tobacco manufactured and unmanufactured, woollen and cotton piece clothes, handloom goods, cotton yarn, vegetable oil like castor oil, linseed oil, etc., cement and many more.
With the major trade promotions initiatives from the Indian government's side for trade expansion, there is a need for a comprehensive and updated Indian export data. The data provides a well-managed list of Indian exporters signifying the product-specific demand for Indian commodities in the global marketplace. The name of the exporters is alphabetically arranged easing off the searching work of the traders.
From amongst the 10 members of the regional intergovernmental trade bloc Association of Southeast Asian Nations (ASEAN), Indonesia is India's second-largest trading partner after Singapore, with annual bilateral trade of $21 billion. To further strengthening the relations, Jakarta has decided to import Indian rice and sugar in the return favour of New Delhi's major import of Indonesian palm oil. This builds active give and takes the relationship between the trading communities of both the Asian economies.
By looking at the huge population base of both the countries, there is considerable potential for trade expansion in the areas of pharmaceuticals, automotive components, automobiles, engineering products, IT, biotechnology and healthcare services promoting the healthy trade environment.
Seair Exim Solutions is well-known import export data provider and market research Company in India. It providers updated, real, trusted and reliable global trade data of more than 80 countries like India, USA, China, Russia, Mexico, Peru, Indonesia, Kenya, Vietnam, etc. Our major services are US import data, import data India, Indian export data, import data Indonesia, Vietnam export data, Russia customs data, Mexico trade data, Kenya shipment data etc. You can find various free resources related to import export business like HS code list, HS code search, HS code finder, sac code list, sac code finder, custom duty in India, import custom duty India, custom duty calculator, foreign ports, trading partners of India, GST rates in India, GST rates with HSN code list and many more on our website – seair.co.in.
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