Trade with Indonesia grew by almost 85 percent

Trade with Indonesia grew by almost 85 percent

Trade between Angola and Indonesia rose from 190.6 million dollars in 2019 to 1,033 million in 2023, a growth of 84.95 percent in five years, announced last week in Luanda, the minister advisor for Economic Affairs of the Indonesian Embassy in Namibia.

Sulthon Sjahril made these statements at the Angola/Indonesia Business Forum, adding that, in 2022 alone, Angolan exports of petroleum oils, oils obtained from bituminous minerals and crude amounted to US$837.63 million.

That same year, he continued, Angola exported petroleum gases and other gaseous and liquefied hydrocarbons worth US$15.69 million to Indonesia, as well as US$14.32 million in petroleum gases and other gaseous and liquefied hydrocarbons.

In the same year, bilateral trade also included Angolan supplies of raw aluminum valued at US$5.92 million, said Sulthon Sjahril, defining exchanges between the two countries by Angolan sales of oil and steel and the import of medicines and other pharmaceutical products .

The minister counselor at the Indonesian Embassy considered that, despite the numbers being relatively low, dozens of Indonesians live in Angola, working mainly for the oil industry and the hotel sector, and also as priests and nuns, in addition to the fact that many Angolans chose Indonesia as a holiday or study destination.

Sulthon Sjahril considered that, from an economic point of view, Angola is important and one of the main trading partners for Indonesia in Africa and that “instead of being competitors, they are partners that complement each other”, he said.

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