The United States and Indonesia meet regularly under the 1996 bilateral Trade and Investment Framework Agreement (TIFA). Under the TIFA, Indonesia and the United States work to address bilateral issues and coordinate on regional and multilateral issues. The latest information regarding significant trade barriers can be found in the 2024 National Trade Estimate Report, see here.
Indonesia Trade Summary
U.S. goods and services trade with Indonesia totaled an estimated $42.9 billion in 2024, up 5.2 percent ($2.1 billion) from 2023.
U.S. total goods trade (exports plus imports) with Indonesia was an estimated $38.2 billion in 2024. U.S. goods exports to Indonesia in 2024 were $10.2 billion, up 3.1 percent ($310.0 million) from 2023. U.S. goods imports from Indonesia in 2024 totaled $28.1 billion, up 4.8 percent ($1.3 billion) from 2023. The U.S. goods trade deficit with Indonesia was $17.9 billion in 2024, a 5.7 percent increase ($963.2 million) over 2023.
U.S. total services trade (exports plus imports) with Indonesia totaled an estimated $4.7 billion in 2024. U.S. services exports to Indonesia in 2024 were $3.0 billion, up 6.9 percent ($198 million) from 2023. U.S. services imports from Indonesia in 2024 were $1.6 billion, up 25.9 percent ($334 million) from 2023. The U.S. services trade surplus with Indonesia was $1.4 billion in 2024, a 8.7 percent decrease ($136 million) over 2023.
