FACT SHEET

(As of June 2019)

INDONESIA THAILAND
General Information
Capital Jakarta Bangkok
Surface area 1,905 thousand sq km 513 thousand sq km
Population: 260,580,739 (July 2017 est.) 68,414,135 (July 2017 est.)
Age structure 0-14 years : 25.0 % 0-14 years : 16.93%
15-64 years : 68.0 % 15-64 years : 72.49%
65 years and over : 7.0 % 65 years and over : 10.58%
Economic Growth 5.2 % (2017 est.) 3.7 % (2017 est.)
Unemployment Rate 5.4% (2017 est.) 0.7 % (2017 est.)
Exchange Rate US$1 = IDR 14,491.60 ( 20 US$ 1 = Thai Bath 33.31 (7 August 2018)
Head of State: President Joko Widodo King Wachiralongkorn
Head of Government: President Joko Widodo Prime Minister Prayut Chan-o-cha
Minister Responsible for Trade Enggartiasto Lukita Sonthirat Sonthichirawong
Ambassador Ahmad Rusdi (since 2016) Songphol Sukchan
Recent economic indicators
GDP 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
GDP (US$bn) (current prices) 916.6 891.1 861.1 932.4 1,101.9 420.5 406.5 399.2 407.1 437.8
GDP PPP (US$bn) 2,515.2 2,688.5 2,850.2 3,031.3 3,243.0 1,042.1 1,070.5 1,114.0 1,164.7 1,228.9
GDP per capita (US$) 3,684.0 3,533.6 3,370.9 3,604.3 3,858.7 6,157.4 5,921.1 5,799.2 5,901.7 6,336.3
GDP per capita PPP (US$) 10,108.4 10,661.6 11,156.9 11,717.2 12,378.2 15,258.8 15,592.6 16,182.5 16,884.5 17,786.3
Trade performance with world
Change % Change %
Trade Indicators 2014 2015 2016 2017 2014 2015 2016 2017
2017/2016 2017/2016
Total Trade (US$bn) 354.1 292.9 280.0 326.1 16.46 455.4 412.7 409.2 461.1 12.68
Export (US$bn) 176.0 150.3 144.4 168.8 16.89 227.5 210.8 213.5 236.0 10.53
Import (US$bn) 178.1 142.6 135.6 157.3 16.00 227.9 201.9 195.7 225.1 15.02
Balance (US$bn) -2.1 7.7 8.8 11.5 30.68 -0.4 8.9 17.5 10.9 -37.71
Indonesia’s Trade Balance with Thailand (in US$ million)
Trend % Jan-May Change %
Description 2013 2014 2015 2016 2017
2013-2017 2017 2018 2018/2017
Total Trade 16,764.9 15,564.1 13,590.5 14,060.9 15,755.3 -2.23 6,415.5 7,532.4 17.41
Export 6,061.8 5,783.1 5,507.2 5,394.0 6,473.7 0.62 2,623.5 2,946.7 12.32
Import 10,703.0 9,781.0 8,083.3 8,666.9 9,281.6 -3.98 3,792.0 4,585.6 20.93
Balance of Trade -4,641.2 -3,997.9 -2,576.1 -3,272.8 -2,807.8 -11.35 -1.168.5 -1,638.9 -40.26
Major Indonesia’s Export Non-oil & 1) Coal, briquettes (808.5); 2) Parts and accessories for tractors, motor vehicles (501.0); 3) Refined copper and copper alloys,
gas, 2017 (US$ Million) unwrought (248.0); 4) Parts suitable for use solely or principally with internal combustion piston engine (191.9); 5) Motor cars and
other motor vehicles principally designed for the transport of persons (176.9)
Major Indonesia’s Imports Non-oil 1) Cane or beet sugar and chemically pure sucrose (1,142.9); 2) Parts and accessories for tractors, motor vehicles (901.5); 3)
& gas, 2017 (US$ Million) Compression-ignition internal combustion piston engine “diesel or semi-diesel engine” (345.9); 4) Motor cars and other motor
vehicles principally designed for the transport of persons (338.3); 5) Motor vehicles for the transport of goods, incl. chassis with
engine and cab (315.6)
Signed FTA/CEPA/PTA 1) Indonesia – Japan EPA; 2) ASEAN – China FTA; 3) ASEAN – 1) ASEAN – Australia and New Zealand FTA; 2) ASEAN – India CECA;
Source: Asia Regional Integration Korea FTA; 4) ASEAN – Japan FTA; 5) ASEAN – Australia and 3) ASEAN – Japan FTA; 4) ASEAN – China FTA; 5) ASEAN – Korea FTA;
Center, Asian Development Bank New Zealand FTA; 6) ASEAN – India FTA; 7) ASEAN FTA; 8) 6) ASEAN FTA; 7) Thailand – Japan EPA; 8) Thailand – China FTA; 9)
Indonesia – Pakistan PTA; 9) Indonesia – Chile CEPA; 10) Thailand – Australia FTA; 10) Thailand – New Zealand CEPA; 11)
ASEAN – Hong Kong FTA; 11) Preferential Tariff Arrangement- Thailand – Peru FTA; 12) Thailand – Chile FTA; 13) Laos-Thailand
Group of Eight Developing Countries PTA; 14) ASEAN – Hong Kong FTA; 15) Thailand-Bharain FFTA
On going FTA/CEPA/PTA 1) Indonesia- Turki CEPA; 2) RCEP; 3) Indonesia – Australia 1) Thailand-Turkey FTA; 2) Bay of Bengal Initiative for Multi-Sectoral
negotiations CEPA; 4) Indonesia – EU CEPA; 5) Indonesia – EFTA CEPA; 6) Technical and Economic Cooperation (Brutan, Myanmar, Sri Lanka,
Source: Asia Regional Integration Indonesia – Korea CEPA; 7) Indonesia – India CECA; 8) Bangladesh, India, Nepal, Thailand) FTA; 3) Thailand – India FTA; 4)
Center, Asian Development Bank Indonesia – Iran PTA Thailand – Pakistan FTA; 5) Thailand – EFTA FTA; 6) Thailand – US
FTA; 7) RCEP; 8) Thailand-EU FTA; 9) Thailand EFTA FTA
Investment relationship
In Indonesia In Thailand
Description 2012 2013 2014 2015 2016 Total 2012 – 2016
Total of issued Permanent Licenses 17 52 55 87 213 424 n.a.
Value of Direct Investment (USD Mil) 68.0 106.8 317.7 174.2 338.2 1,004.9 n.a.
Rank of doing business 2017: 91; 2018: 72 2017: 46; 2018: 26
Trade/Investment Issues
Indonesia’s Concern/Interest Thailand’s Concern/Interest
- Pending on Extended MoU on Rice Trade
- Indonesia’s Tire Importation Policy
 - Anti Dumping Duties on Biaxially Oriented Polypropylene (BOPP)
Trade Cooperation
Thailand’s Merchandise Trade Relationships with ASEAN (2017)
Total Trade with Thailand Export Import Balance of Trade with
Country
(US$ Million) (US$ Million) (US$ Million) Thailand (US$ Million)
Malaysia 21,916.6 10,316.1 11,879.5 -1,563.4
Viet Nam 16,626 11,600.5 5,025.5 6,575
Singapore 16,181.6 8,167.6 8,014.0 153.6
Indonesia 16,226.5 8,783.8 7,442.7 1,341.1
Philippines 10,201.1 6,931.5 3,269.6 3,661.9
Cambodia 6,164.1 5,259.3 904.8 4,354.5
Myanmar 6,801.1 4,300.3 2,500.8 1,799.5
Lao People's Democratic Republic 6,184.8 3,941.9 2,242.9 1,699
Brunei Darussalam 732.6 80.8 651.8 -571
Total Trade with all ASEAN Countries 101,034.4 59,381.8 41,931.6 17,450.2
Thailand’s Trade with ASEAN
Thailand’s Major Exports, 2017 (US$ million): Thailand’s Major Imports, 2017 (US$ million)
Petroleum oils, not crude 5,171.5 Crude petroleum 4,179.5
Motor cars and other motor vehicles 2,819.2 Electronic integrated circuits 2,519.9
Parts and accessories for tractors, motor vehicles 2,225.9 Petroleum gas and other gaseous hydrocarbons 2,163.8
Electronic integrated circuits, parts thereof 1,661.2 Telephone sets, incl. telephones for cellular networks 2,118.6
Thailand’s Trade Posture
WTO accession 1 January 1995 1 January 1995
Tariff binding coverage (%) 96.3 75.2
MFN tariffs (Simple average of import duties) Final Bound Applied 2016 Final Bound Applied 2015
All goods 37.1 7.9 28.0 11.0
Agricultural goods(AOA) 47.1 8.4 39.3 31.0
Non-agricultural goods 35.6 7.8 25.6 7.7
MFN duty free imports (%, 2015) in agricultural goods (AOA): 14.0 In agricultural goods (AOA): 20.7
in non-agricultural goods: 19.3 In non-agricultural goods: 53.0
Services sectors with GATS commitments 45 75
WTO Disputes Thailand as Complainant Indonesia as Complainant
0 0
Current Trade Remedy Issues Indonesia Imposed to Thailand Thailand Imposed to Indonesia
 Anti-Dumping 4 products: Hot Rolled Coil; Partially Oriented Yarn; 1 product: Flat Hot Rolled in Coils and not in Coils
Biaxially Oriented Polyethelene; Biaxially oriented
polypropylene
Countervailing 0 0
Safeguards 4 products: Bars and rods, hot-rolled, in irregularity 3 products: Structural Hot Rolled H-Beam with Alloy (all
wound coils (all members); Coated paper and paper members); Hot rolled steel flat products with certain
board (all members); Flat-rolled products of iron or amounts of alloying elements (all members); Non alloy hot
non-alloy steel (all members); I and H sections of other rolled steel flat products in coils and not in coils (all
alloy steel (all members) members).
Compiled by Directorate of Bilateral Negotiation, using the latest data from various domestic and international sources. (a) All recent data subject to revision; (b) IMF/EIU forecast; (c) PPP is Purchasing Power Parity,
na: Not available; (d) e and est.: Estimated.