Bilateral trade between Dubai and Indonesia reached Dhs12.9b in ’23 – Gulf Today

Bilateral trade between Dubai and Indonesia reached Dhs12.9b in ’23 – Gulf Today

Officials during the trade mission in Jakarta.

Dubai International Chamber (DIC), one of the three chambers operating under the umbrella of Dubai Chambers, has organised 200 bilateral business meetings between companies from Dubai and Indonesia during the first leg of the chamber’s week-long trade mission to Southeast Asia, which includes visits to Indonesia and Vietnam.

The delegation featured representatives from 17 companies from Dubai operating across a diverse range of sectors, including food and beverages, construction, healthcare, information technology, environmental solutions, human resource management, and perfumes and cosmetics.

The trade mission was organised as part of the ‘New Horizons’ initiative spearheaded by Dubai International Chamber (DIC), which aims to drive the international expansion of Dubai-based businesses and capture opportunities in promising global markets.

According to Dubai Customs data, non-oil bilateral trade between Dubai and Indonesia reached a value of Dhs12.9 billion during 2023, representing a year-over-year growth of 7.7 per cent.

Dubai’s non-oil trade with Indonesia has grown by 53.6 per cent over the past decade, increasing from Dhs8.4 billion in 2014 to Dhs12.9 billion last year, reflecting the strength of bilateral trade relations between the two markets.

The number of Indonesian companies registered as members of Dubai Chamber of Commerce stood at 99