Key Market Indicators
Indonesia's export of electrical equipment is projected to hit approximately $9.2 billion by 2028, up from around $9 billion in 2023. This represents an average annual growth rate of 0.5%. Historical data since 1994 indicates that the country's supply has increased by 0.3% each year. On the import side, Indonesia is expected to see its electrical equipment imports rise to nearly $28 billion by 2028, from about $24.2 billion in 2023. This reflects an average annual growth rate of 2.3%. Since 1994, the nation's demand for electrical equipment has grown by an average of 2.5% per year.
