The export of electrical equipment from Indonesia to the US has shown a fluctuating trend over the past decade. In 2023, the exports stood at 410.03 million USD. From 2013 to 2023, the growth rate varied, with significant increases in the early years and smaller, steadier increases more recently. For example, exports grew by 20.24% in 2014 but only by 1.45% in 2023. The 5-year CAGR from 2019 to 2023 was 1.94%, indicating modest but steady growth.
Forecasts for the next five years indicate continued growth, with the value expected to reach 437.65 million USD by 2028. The projected 5-year CAGR for this period is 1.03%, suggesting a stable but slow increase in export values.
Future trends to watch for include:
- Potential trade policy changes affecting US-Indonesia trade relations.- Technological advancements in electrical equipment.- Economic factors influencing demand in the US market.- Shifts towards sustainable and energy-efficient technologies.
