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Indonesian traders see China, ASEAN prime trade partners

(Xinhua)

10:13, October 20, 2011

JAKARTA, Oct. 19 (Xinhua) -- Indonesian exporters and importers regarded China and ASEAN countries as their prime business partners within the next six months, a report released by Hong Kong Shanghai Banking Corporation (HSBC) said on Wednesday.

The report that was yielded from the results of a bank's Trade Confidence Index (CTI) survey said that Germany was also considered as a potential trading partner with positive trade growth prospect.

The report also said that China, Singapore, Japan, the United States and Malaysia are the most prospective partners in the same period for Indonesian importers.

And for the exporters Japan, China, the United States, Singapore and South Korea would be the most prospective countries within the next six months.

The report also said that Indonesia has contributed 1 percent of total international trade. With a 7.3 percent trade growth per year, the contribution was estimated to grow to 1.3 percent within the next 15 years.

According to HSBC Trade Forecast report, Indonesia would be the fourth country after Egypt, India and Vietnam that would enjoy the highest trade growth by 2025 that would reach at an average of 7.3 percent.

HSBC Trade Forecast report also said that Indonesia's trade with several other developing countries that comprised of China, Argentina, Russia, Egypt, India, Czech, Mexico and Brazil, will be increasing significantly within 5 to 10 years.

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