The export value of Electrical and Electronic Equipment from Indonesia has seen notable fluctuations over the past years. From 2013 to 2023, the trend began with a decline up to 2016, followed by gradual and intermittent increases up to 2023, reaching $8.9781 billion. The sharpest drop was in 2020 at -16.5%, which then surged by 21.19% in 2021. Following years showed moderate growth, with 2022 and 2023 values stabilizing around 0.57% and 0.56% YoY increases, respectively. The 5-year CAGR leading up to 2023 was 0.34%. Future forecasts from 2024 to 2028 anticipate a steady rise with a CAGR of 0.45%, totaling a 2.27% growth over five years.
Future trends to watch for include technological advancements driving export capacities, the effect of global supply chain shifts, regional trade agreements, and Indonesia's efforts to enhance its manufacturing sector for higher value-added products. Monitoring these factors will be critical to predict future export performance accurately.
