India Indonesia Trade
Indonesia is the second largest trading destination for India in the ASEAN region.
Last updated: Apr, 2026
Introduction
India and Indonesia are connected through centuries-old civilisational interactions that have shaped enduring cultural and economic linkages. Ideas, belief systems, and artistic traditions from the Indian subcontinent found resonance across the Indonesian archipelago, influencing local heritage, literature, and performance traditions. These historical connections, combined with shared experiences under colonial rule and parallel aspirations following independence, continue to inform a cooperative bilateral relationship grounded in mutual respect and strategic autonomy.
India-Indonesia Trade
- The bilateral trade between India and Indonesia stood at US$ 16.55 billion in FY26 (till November 2025).
- Indonesia stands at the 37th position in FDI equity inflows into India with a cumulative FDI amount of US$ 659.30 million (April 2000-March 2025).
Major exports from India to Indonesia
- India’s export to Indonesia stood at US$ 2.86 billion in FY26 (till November 2025).
- India exported 4,044 commodities to Indonesia in FY26 (till November 2025).
- Major exported items from India to Indonesia include nuclear reactors, boilers, machinery and mechanical appliances and parts (US$ 338.14 million), followed by vehicles other than railway or tramway rolling stock and parts and accessories (US$ 266.86 million), meat and edible meat offal (US$ 255.86 million), organic chemicals (US$ 186.10 million), oil seeds and oleaginous fruits, miscellaneous grains, seeds and fruit, industrial or medicinal plants, straw and fodder (US$ 137.21 million), mineral fuels, mineral oils and products of their distillation (US$ 126.72 million), and electrical machinery and equipment and parts (US$ 112.82 million), during FY26 (till November 2025).
Major imports by India from Indonesia
- India’s import from Indonesia stood at US$ 13.68 billion in FY26 (till November 2025).
- India imported 2,080 commodities from Indonesia in FY26 (till November 2025).
- Major items imported by India from Indonesia include mineral fuels, mineral oils and products of their distillation (US$ 4.48 billion), followed by animal or vegetable fats and oils and their cleavage products (US$ 2.46 billion), iron and steel (US$ 1.21 billion), inorganic chemicals and compounds of precious or rare-earth metals (US$ 603.78 million), miscellaneous chemical products (US$ 509.73 million), cocoa and cocoa preparations (US$ 492.44 million), and organic chemicals (US$ 396.54 million), during FY26 (till November 2025).
Economic Relations and Investments
- The 10th edition of the India-Indonesia Joint Special Forces Exercise GARUDA SHAKTI commenced at the Special Forces Training School, Bakloh, Himachal Pradesh, conducted from December 3 to 12, 2025. The exercise involves troops from India’s Parachute Regiment (Special Forces) and the Indonesian Special Forces, intending to enhance mutual understanding, cooperation, and interoperability.
- Raksha Mantri Mr. Rajnath Singh and Indonesian Defence Minister Mr. Sjafrie Sjamsoeddin co-chaired the third India-Indonesia Defence Ministers’ Dialogue in New Delhi on November 27, 2025, reaffirming the strength of the Comprehensive Strategic Partnership and advancing bilateral defence cooperation. The ministers underscored shared commitment to a free, open and stable Indo-Pacific, enhanced maritime security, cyber resilience and multilateral cooperation, while reviewing progress in joint military exercises and defence industry collaboration.
Recent Trends & developments
- A bilateral meeting between the Ministry of Statistics and Programme Implementation (MoSPI), Government of India, and a delegation from the Republic of Indonesia was held in New Delhi on July 16, 2025, to explore avenues for cooperation in the field of official statistics. Led by Dr. Saurabh Garg, Secretary, MoSPI, and Dr. Sonny Harry B. Harmadi, Vice Minister of Statistics of Indonesia, the discussions focused on India’s GDP methodology, use of AI in official statistics, modernization of statistical systems, data harmonisation and integration across institutions.
- In June 2025, IndiGo and Garuda Indonesia sign codeshare agreement to expand India and Indonesia connectivity.
- In November 2023, Raksha Mantri Mr. Rajnath Singh met with Indonesian Defence Minister Mr. Prabowo Subianto during the 10th ASEAN Defence Ministers’ Meeting - Plus in Jakarta. Singh praised Indonesia's leadership in ASEAN and the organization of the event. The ministers discussed strengthening bilateral defence ties, particularly in the maritime sector, and reviewed ongoing training and exercises. They also explored collaboration in the defence industry and noted their co-chairing of the Expert Working Group (EWG) on Humanitarian Assistance and Disaster Relief (HADR) for 2021-2024.
- In 2022, the Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Saturday in Bali, Indonesia, to improve mutual cooperation between them.
- Hon’ble National Security Advisor (NSA), H.E. Mr. Ajit Doval, and Dr. Mohammad Mahfud, Coordinating Minister of Political, Legal, and Security Affairs, signed a Memorandum of Understanding (MoU) for security dialogue to further strengthen cooperation on political and security issues.
- MoU between the Narcotics Control Bureau (NCB) of India and the National Narcotics Board of Indonesia on combating illicit trafficking in narcotic drugs, psychotropic substances, and their precursors was signed in the 7th Joint Commission Meeting (JCM) held in Delhi on June 17, 2022.
- MoU between National Sugar Institute, Kanpur, and Politeknic Perkebunan LPP, Yogyakarta was signed in the 7th Joint Commission Meeting (JCM) held in Delhi on June 17, 2022.
- In the defence sector, both countries have been working closely and organized Samudra Shakti, a bilateral maritime exercise, and Garuda Shakti, a joint military exercise, every year.
- India and Indonesia launched a new trade channel on July 16, 2023, to better combat global issues and significantly enhance bilateral cooperation between the two nations. The newly inked India-Indonesia Economic and Financial Dialogue will look at bilateral investment, financial services, and infrastructure development as its areas of cooperation.
- India and Indonesia are soon going to have real-time settlement and trading in local currencies, Senior Government Officials said on the sidelines of G20 Finance Minister Central Bank Governors’ (FMCBG) meeting under India’s presidency.
- India and Indonesia have jointly declared the commencement of the India-Indonesia Economic and Financial Dialogue (EFD Dialogue) in July 2023. The EFD Dialogue aims to enhance collaboration between the two nations, fostering a shared understanding of global issues. It pledges to provide a distinctive platform for mutual learning and policy coordination, thereby reinforcing the commitment to strengthen cooperation.
Conclusion
India-Indonesia relations are today shaped by strong strategic convergence, expanding institutional cooperation, and growing defence and economic engagement. Regular high-level dialogues, joint military exercises, and enhanced maritime and security cooperation reflect deepening trust between the two Indo-Pacific partners. At the economic and institutional level, new mechanisms in finance, trade, statistics, aviation connectivity, and local currency settlement are strengthening bilateral integration. With shared interests in regional stability, economic resilience, and people-to-people exchanges, India and Indonesia are well positioned to elevate their partnership into a more dynamic and future-focused relationship.
Contacts
- Embassy of India, Indonesia
Address: Gama Tower, 28th floor, Jl. HR. Rasuna Said Kav. C22,
Karet Kuningan, Setiabudi, Kota Jakarta Selatan, Jakarta 12940.
Telephone: +62 21 2522299,
Email:info.jakarta@mea.gov.in
Officials
Ambassador - Mr. Sandeep Chakravorty, Ambassador;
Email: amb.jakarta@mea.gov.in - Embassy of Indonesia, India
Address: 50-A Kautilya Marg, Chanakyapuri, New Delhi 110021
Phone: +91-11- 26118642-45
Email: newdelhi.kbri@kemlu.go.id
Officials
Ambassador - Ms. Ina Hagniningtyas Krisnamurthi
Deputy Chief of Mission - Mr. Yudho Sasongko
Partners
