Indonesia Targets $33 Billion in Trade and Business Deals with United States in 2026
Jakarta, The Gulf Observer: Indonesia is targeting US$33 billion in bilateral trade agreements and business deals with the United States in 2026, Coordinating Minister for Economic Affairs Airlangga Hartarto announced on Tuesday, highlighting growing trade and investment ties between the two countries.
Speaking during a meeting with a business delegation from the US-ASEAN Business Council (US-ABC), led by its President and Chief Executive Officer Brian D. McFeeters, Hartarto said the proposed agreements were expected to benefit multiple economic sectors, generate employment opportunities and strengthen supply chains between Indonesia and the United States.
“These agreements are expected to generate approximately US$33 billion in value, which we hope will support various sectors, create jobs, and strengthen supply chains between the United States and Indonesia,” Hartarto said.
According to the minister, bilateral trade between the two countries reached US$32.34 billion from January to August 2026, representing an increase of 11.82 percent compared with the corresponding period last year. The United States remained Indonesia’s second-largest export destination.
American foreign direct investment (FDI) in Indonesia also recorded significant growth, reaching US$3.4 billion during the first three quarters of 2026, surpassing the approximately US$3 billion registered throughout 2025. Hartarto noted that the United States had become Indonesia’s fourth-largest foreign investor.
The minister outlined Indonesia’s roadmap for achieving its ambitious target of 8 percent annual economic growth by 2029. Key priorities include export-oriented industrialisation, food self-sufficiency, digital transformation, the development of green and blue economies, and strategic capital expenditure.
To advance these objectives, Indonesia is seeking increased American investment in advanced manufacturing, digital infrastructure, artificial intelligence (AI) and renewable energy.
Hartarto also emphasised the importance of joint ventures that promote technology transfer and integrate Indonesian businesses more deeply into global supply chains.
Highlighting opportunities in the semiconductor industry, he projected that Indonesia’s domestic chip market would expand from US$5.08 billion in 2025 to US$7.07 billion by 2030. The anticipated growth is expected to create opportunities for American technology companies and semiconductor fabrication firms.
During the meeting, Hartarto also addressed regulatory challenges raised by US businesses, reaffirming the government’s commitment to improving the business environment and facilitating investment.
“The Indonesian government remains open to hearing the challenges encountered by US companies so they can be resolved through inter-ministerial coordination,” he said.
The discussions further covered broader international trade issues, including US Section 301 tariff investigations and global manufacturing overcapacity.
Hartarto reiterated Indonesia’s willingness to work with American companies to address specific business concerns and encourage further investment, underscoring Jakarta’s commitment to strengthening economic cooperation and expanding commercial opportunities between the two countries.
