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Malaysia-Indonesia bilateral trade grows over 30% in 2022

Bilateral trade between Malaysia and Indonesia for 2022 is likely to exceed 30% growth compared with 2021. Minister Tengku Datuk Seri Zafrul Abdul Aziz said the total trade between Malaysia and Indonesia was roughly USD23bn in 2021, a 45.5% year-on-year increase compared with 2020. He said that for the period of January to November 2022, bilateral trade between both countries had already exceeded USD27bn, approximately 33% more than the corresponding period in 2021. Tengku Zafrul said in conjunction with the Malaysian Prime Minister Datuk Seri Anwar Ibrahim’s official visit to Indonesia on Jan 8-9, 2023, the Ministry of International Trade and Industry and its related agencies have expressed their commitment to continue facilitating the expansion of trade and cross-border investments with Indonesia.


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