Key Market Indicators
Exports of electrical equipment from Indonesia are set to reach around $9 billion by 2026, up from $8.9 billion in 2021. This represents a year-on-year growth rate of 0.5%. Since 1994, Indonesian supply has increased by 1.8% annually. Indonesia was the 30th biggest exporter in 2021, with Ireland overtaking at $8.9 billion. South Korea, the United States and Germany were the next three biggest exporters. Imports of electrical equipment to Indonesia are expected to reach $26.4 billion by 2026, up from $22.7 billion in 2021. This represents an average annual growth rate of 2.5%. Since 1994, Indonesian demand has increased by 8% per year. In 2021, Hungary was the 24th biggest importer, overtaking Indonesia at $22.7 billion. The United States, Germany and Singapore were the next three biggest importers.
