Trade between Indonesia and Malaysia
The value of trade between Malaysia and Indonesia tend to increase every year. Balance of trade in both countries rose from 14.4 billion ringgit (U.S. $ 4.09 billion) in January-May period last year to 19.78 billion ringgit (U.S. $ 6.08 billion) in the same period this year, up 37, 4 percent (in U.S. $ increased by 48.7 percent). It was delivered and stated by Indonesian Ambassador to Malaysia, Da’i Bachtiar, Department of Statistics in Malaysia, citing the same data when inaugurated the exhibition of Indonesian food and handicraft products in the shopping center Jusco, Wangsa Maju, Kuala Lumpur, on Tuesday (20/07). According to Da’i, the value of Malaysia’s imports from Indonesia during the period amounted to 11.72 billion ringgit (U.S. $ 3.60 billion). The value of Malaysian exports to Indonesia amounted to 8.07 billion ringgit (U.S. $ 2.48 billion).