Trade and economic cooperation between Kazakhstan and Indonesia
In 2024, the trade turnover amounted to $300 million (+5% compared to 2023), with exports totaling $120.7 million and imports at $179.7 million.
In 2023, the bilateral trade volume reached $286.4 million (-28.7% compared to 2022), with exports at $95.2 million and imports at $191.2 million. The main export from Kazakhstan is ferrochrome, while imports are dominated by televisions, monitors and projectors, and passenger cars.
In 2022, the total trade turnover was $399.2 million, 2.3 times greater than in 2021. This comprised $244.3 million in exports to Indonesia (an increase by a factor of 1.8) and $154.9 million in imports from Indonesia (up by a factor of 3.9). The principal exports that year were largely ferrochrome (98%). The main imports included reception equipment for television communication (62.5%), vehicles (9.6%), tin (3%), vegetable oils (2.5%), and smart cards (1%).
In 2021, the trade turnover between Kazakhstan and Indonesia amounted to $174 million (increased by 2 times compared to 2020), of which $134 million – exports to Indonesia (increased by 2.7 times), $40 million – imports from Indonesia (+9.5%). Kazakhstan’s exports mainly consisted of ferrochrome (82%) and semi-finished products made of iron / non-alloy steel (17%); half of imports were vegetable oils.
In 2020, the trade turnover between Kazakhstan and Indonesia amounted to $86.7 million (a decrease of 4.3 times compared to 2019), of which $50.2 million – exports to Indonesia (-48.2%), $36.5 million – imports from Indonesia (-86.8%). Kazakhstan’s exports consisted of 97.6% ferrochrome; the imports were dominated by palm oil.
In 2019, trade between the two countries reached $370 million ($276 million – imports from Indonesia and $94 million – exports to Indonesia), an increase of 2.5 times compared to 2018.
In 2018, trade with Indonesia amounted to $132.5 million ($10.3 million – exports to Indonesia; $122.2 million – imports from Indonesia).
Visits for developing trade and economic cooperation
March 7-13, 2012 – the Deputy Minister of Foreign Affairs of Indonesia M. Suprapto’s and the Deputy Coordinating Minister for the economic affairs of Indonesia A. Lukman’s visit to Kazakhstan.
May 10, 2016 – the visit to Jakarta of the leadership of the Kazakhstani-Chinese International Logistical Company in Lianyungang to present the Kazakhstani terminal located in Lianyungang.
May 25-27, 2016 – the participation of the Indonesian PT. Mayora Group Tbk. Company in the 18th Kazakhstani International Food Exhibition «Inter Food».
September 3-11, 2016 – the visit to Jakarta of the delegation from Kazakhstan composed of representatives of the Ministry of Investment and Development of Kazakhstan, the «Atameken» National Chamber of Entrepreneurs, Chamber of International Commerce of Kazakhstan, Association of tourist operators of Kazakhstan, and regions of Kazakhstan for participation in the «Pata Travel Mart 2016» exhibition.
November 2, 2016 – the visit to Almaty of the representatives of Indonesian business circles in the field of pharmaceutics headed by P.K. Lukito, Chairman of National Agency of Drug and Food Control of Indonesia.
February 28, 2019 – the visit of the delegation of the Akimat of the Turkestan region to Jakarta.
May 9, 2019 – the visit of the delegation of the Office of Tourism and External Relations of Almaty to Jakarta.
On July 15, August 29, and December 21, 2022, the company PT. Quantum Bersama Nile Ltd. visited the cities of Almaty and Shymkent.
On September 5-15, 2022, seven major Indonesian tour operators, led by the Association of Indonesian Tour Operators and Travel Agencies (ASITA), visited Almaty, Shymkent, and Turkestan.
On December 19-21, 2022, the companies PT. Jawa Lumbung Mas, PT. Frootiful Natural Nusantara, and PT. Sekar Laut Tbk. visited Almaty.
On June 15-20, 2023, the company Indrillco Group visited Almaty and Kostanay.
On July 2-5, 2023, the head of the administration of Indonesia’s new capital, Nusantara, B. Susantono, visited Astana to participate in the Astana Twin Cities Forum, dedicated to the 25th anniversary of the capital.
On October 1-4, 2023, a delegation from Indonesia’s Ministry of Energy, led by the Director of Oil & Gas Program Development M. Gunawan, attended the Kazakhstan Energy Week 2023 event in Astana.
On October 18-23, 2023, the companies Mining Industry of Indonesia and PT. Timah Tbk. visited Astana, Almaty, and Stepnogorsk.
Business forums: May 21-23, 2012 – the Kazakhstani-Indonesian business forum held in the framework of the V Astana Economic Forum.
May 4-6, 2014 – the Kazakhstani-Indonesian business forum held in the framework of the visit of the business delegation of South Kazakhstan region to Jakarta.
Intergovernmental Joint Commission: August 21-22, 2013 – the first session of the Intergovernmental Joint Commission co-chaired by the Minister of Economy and Budget Planning of Kazakhstan E. Dossaev and the Coordinating Minister for economic affairs of Indonesia H. Rajasa, Jakarta.
Trade and economic cooperation between Kazakhstan and the Philippines
In 11 months of 2023, the trade turnover amounted to $25.7 million, including exports to the Philippines – $248 thousand, and imports from the Philippines – $25.5 million. Mechanical devices dominated the structure of Kazakhstan's exports, while printers, copiers, and fax machines dominated the structure of imports.
In 2022, the trade turnover stood at $27 million, marking a 73% increase compared to 2021. Exports to the Philippines were valued at $59.4 thousand, having decreased 74 times, while imports from the Philippines increased 2.4 times to reach $27 million. The export structure from Kazakhstan was dominated by ATMs (48%), drilling tools (14%), parts and accessories for office equipment (8%), motors (7%), and monitors (6%). Imports were led by printers (16%), copiers (14%), static converters (13%), multifunctional devices (8%), and tires (4%).
In 2021, the trade turnover between Kazakhstan and the Philippines amounted to $15.6 million (-15.6% compared to 2020), including exports to the Philippines – $4.4 million (+2%), imports from the Philippines – $11.1 million (-21%). Semi–finished products made of iron and alloy steel dominated the exports (98%), office equipment and static converters dominated the imports.
In 2020, the trade turnover between the two countries amounted to $18.4 million (+25% compared to 2019), including exports to the Philippines – $4.3 million (an increase of more than 300 times), imports from the Philippines – $14.1 million (-4.1%). A sharp increase in Kazakhstan’s exports occurred due to the supply of semi-finished products from iron and non-alloy steel to the Philippines (99.9% of the export value).
In 2019, trade turnover between the two countries amounted to $14.7 million (exports – $13.8 thousand; imports – $14.7 million), that is an 8-fold decrease compared to the results of the 2018.
In 2018, trade turnover between Kazakhstan and the Philippines amounted to $119.4 million (exports – $103.7 million; imports – $15.7). The growth in trade in 2018 took place as a result of export to the Philippines of Kazakhstani oil and semi-finished products made from iron and non-alloy steel.
On May 6, 2016 in Manila Liu Bin, the Director General of the Lianyungang Kazakhstan-China International Logistics Company and his deputy K. Nuraly, with the assistance of the “Kazakhstan Temir Zholy” National Company, delivered to the Philippine business circles a presentation about the Kazakhstani terminal in the Chinese Lianyungang port.