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 trade with Indonesia totaled an estimated $38.3 billion in 2024. U.S. goods exports to Indonesia in 2024 were $10.2 billion, up 3.7 percent ($364 million) from 2023. U.S. goods imports from Indonesia totaled $28.1 billion in 2024, up 4.8 percent ($1.3 billion) from 2023. The U.S. goods trade deficit with Indonesia was $17.9 billion in 2024, a 5.4 percent increase ($923 million) over 2023.
