LAST_UPDATEMon, 16 Jul 2018 9am

Malaysia-Indonesia Trade To Reach US$30 Bln By 2020

Malaysia and IndonesiaMalaysia and Indonesia

JAKARTA -- The total trade between Malaysia and Indonesia is expected to reach US$30 billion (US$1=RM3.91) by 2020, Malaysia External Trade Development Corporation’s Trade Commissioner in Indonesia Naim Abdul Rahman said.

He said the focus sectors identified in order to double the trade volume included infrastructure development, transport equipment, halal industry, information technology services, multimedia and franchise business.

"Malaysia’s bilateral trade with Indonesia in 2017 was worth US$16.9 billion," he said here today.

He said Indonesia is Malaysia's sixth largest trading partner.

Malaysia invested US$15 billion in Indonesia during the 2008-2016 period, while Indonesia's investment in Malaysia was worth US$2.6 billion.