According to Indonesia Export Data the country exported $4.52B cars, making it the 27th largest exporter of cars in the world. The fastest growing export markets for cars of Indonesia in the year 2019 were Philippines, Vietnam and Thailand.

Indonesia automotive industry product export is higher in value than their imports. Indonesia supplied 57% of imported vehicles in Philippines. The automotive industry plays a key role to the economic growth of the nation contributing 10.16% of the GDP.

In terms of market size, Indonesia is the biggest car market in Southeast Asia and ASEAN. The country accounts for about 1/3 of the total annual car sales in ASEAN, followed by Thailand on second position.

As per the Philippines Import Data, Philippines is the highest importer of cars from Indonesia in the year 2021. Enticed by low per capita car ownership, low labour costs and rapid expanding middle class, various global car makers decided to invest heavily to expand production capacity in Indonesia with the intention to make it their future production hub.

The government of Indonesia is eager to turn Indonesia into an independent car manufacturing country that delivers completely built units of which all components are locally manufactured in Indonesia.

Imports of Indonesia and Exports of Philippines surge in Covid-19 Times

In the year 2019, Indonesia exported $4.52B in cars, making it the 27th largest exporter of cars in the world. Car was the 4th most exported product in Indonesia. The main destination of cars exports from Indonesia are Philippines, Vietnam, Saudi Arabia, Thailand and United Arab Emirates.

In the year 2019, Indonesia imported cars becoming the 63rd largest importers of cars in the world. Cars was the 16th most imported product in Indonesia. The country primarily imports cars from Japan, Brazil, Thailand, India and Malaysia.

Driven by ambitious government targets, the Indonesian automotive industry is shifting into a higher gear, with plans to overtake Thailand as the largest car production centre in ASEAN region. Being the key pillar of the Indonesian economy the car manufacturing segment continues to allure much needed foreign capital while also increasing the employment opportunities.

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