U.S.-Indonesia Bilateral Trade and Investment
The United States and Indonesia meet regularly under the auspices of a Trade and Investment Framework Agreement (TIFA) that was signed in July 1996. Under the TIFA, Indonesia and the United States signed a Memorandum of Understanding to Combat Illegal Logging and Associated Trade in 2006.
U.S. goods exports in 2012 were $8.0 billion, up 8.1 percent from the previous year. Corresponding U.S. imports from Indonesia were $18.0 billion, down 5.8 percent. Indonesia is currently the 34th largest export market for U.S. goods. The U.S. goods trade deficit with Indonesia was $10.0 billion in 2012.
U.S. exports of private commercial services (i.e., excluding military and government) to Indonesia were $1.7 billion in 2011 (latest data available), and U.S. imports were $437 million. Sales of services in Indonesia by majority U.S.-owned affiliates were $2.7 billion in 2010 (latest data available), while sales of services in the United States by majority Indonesia-owned firms were $87 million.
The stock of U.S. foreign direct investment (FDI) in Indonesia was $11.6 billion in 2011 (latest data available), down from $15.5 billion in 2010. U.S. FDI in Indonesia is primarily concentrated in the nonbank holding companies and mining sectors.