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British Columbia and Indonesia

Indonesia is Southeast Asia’ largest Economy and the world’s fourth largest population. As a G20 member with a strong democracy and social stability, a growing middle class and a rising average disposable income, Indonesia provides many opportunities for B.C. businesses to develop partnerships and sustain operations. Indonesia is strategically located and easily accessible between the Indian Ocean and the Pacific Ocean with an abundance of natural resources. With one of the highest mobile subscriber bases in Asia, Indonesia is one of the fastest developing telecommunications markets globally.

Trade & Investment Highlights

In 2022, Indonesia was the 11th largest market for B.C. receiving 0.6% of B.C.’s commodity exports.
Through Canada’s Indo-Pacific Strategy, Canada will seek to negotiate and implement a Canada-ASEAN free trade agreement and a Comprehensive Economic Partnership with Indonesia.

Indonesia at a Glance

Monetary figures are in USD

Opportunity for Foreign Investors and B.C. Exporters

Aerospace

B.C.’s globally recognized aerospace sector can support Indonesia’s demand for maintenance, repairs and overhaul (MRO) as well as training and education. This demand was created due to a shortage of qualified workforce employees, presenting another opportunity for B.C. aerospace sector members.

Agrifood & Agritech

There is a strong demand for imported fresh produce in Indonesia. Through trade and investment, B.C.’s agriculture industry can support Indonesia’s growing demand for imported fresh fruits and high-quality premium produce. Opportunities also exist in the pre-packaged foods, ready-to-eat meals, easy-to-cook meals, frozen meals, fish and seafood, fruit, animal feed, and non-perishables foods.

Clean Energy

Indonesia has set net-zero targets by 2060 as it plans to transition to renewable energy sources and will primarily focus on low-emission technologies such as solar, hydro, biomass, energy storage, etc. As a leader in hydrogen and fuel cell technologies, B.C. can support Indonesia’s clean energy plans including their long-term emissions reduction strategy by developing business partnerships around hydrogen applications and deployment.

Cleantech

Indonesia is a region with one of the highest renewable energy consumptions in Southeast Asia. There is a particular opportunity for B.C. cleantech companies to support with smart grids and energy storage systems. Additionally, key opportunities exist in wastewater treatment and non-revenue water management.

Digital Entertainment and Interactive Media

With the largest gaming market in Southeast Asia, Indonesia is seeing a growing internet penetration rate and mobile phone usage rate. Opportunities exist to promote a range of B.C. companies’ capabilities in game development and production, augmented and virtual reality technology, and interactive production.

Forestry

Indonesia is one of the leading wood products exporters in the world ranging from plywood, pulp, paper, furniture, and handicrafts. There is demand for timber and non-timber forest products and sustainable development in the forestry sector. Forest management, wildfires, and remote monitoring are areas of potential opportunity for B.C. companies. Due to Indonesia’s dependence on forestry and wood processing technology imports, this provides opportunities for B.C. to share innovation and sustainable practices.

ICT

B.C. and Indonesia are both home to progressive and innovative ICT sectors. Indonesia has identified digitalization and technological transformation as a priority in their five-year national development plan. This will increase the number of opportunities in e-commerce, fintech and the Internet of Things. Key transformation and digitization opportunities for B.C. companies exist in fintech and ecommerce solutions, software, Software-as-a-Service (SaaS), telecommunications, cyber security, video surveillance, mobility, artificial intelligence, data analytics, and the Internet of Things (IoT). Due to Indonesia’s growth in computer and software service imports, opportunities also exist for B.C. companies in these domains.

Life Sciences

With a large young and working age population, in addition to the government’s support toward a national healthcare revolution, anticipated substantial growth offers great opportunities for B.C. exporters of medical devices, supplies, equipment, and pharmaceuticals. There are opportunities in telemedicine, particularly due to Indonesia’s dispersed geography of many islands and rural areas.

Indonesia Top Industries (2018-2023)

Industries for Outward Investment

Investment Opportunities in Canada: Coal, Oil & Gas

Investment Opportunities in Canada: Food & Beverages

Investment Opportunities in Canada: Healthcare

_{Source: FDI Markets}

Import Industries
(by value)

Investment Opportunities in Canada - Machinery and Mechanical Appliances

Investment Opportunities in Canada - Electrical Machinery Equipment

Investment Opportunities in Canada: Iron & Steel

_{Source: International Trade Centre}

Fastest Growing Import Opportunities

Investment Opportunities in Canada: Pharmaceuticals

Investment Opportunities in Canada: Pearls, Precious Stones & Metals

Investment Opportunities in Canada: Miscellaneous Chemical Products

_{Source: International Trade Centre}

BC Export Industries to Market

Investment Opportunities in Canada: Wood Pulp & Recovered Paper

Investment Opportunities in Canada: Machinery

nvestment Opportunities in Canada: Aircraft & Spacecraft Parts

_{Source: BC Stats, data sourced from Statistics Canada}

Trade & Investment Resources

For B.C. Businesses

For International Businesses

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How We Help

Assist in commercial location identification and site selection.
Provide information on transportation infrastructure and logistics gateways.
Offer introductions to sector associations, industries and provide cluster insight.
Facilitate understanding and solutions for talent, skilled workforce and labour mobility
Facilitate engagement with professional advisors on legal, compliance and tax matters
Help navigating and offering referrals within government agencies on First Nations, business and regulatory processes.

Identify high potential investment opportunities and offer industry insight.
Introductions to sector associations and local industry contacts.
Introductions to companies seeking investments to expand.
Provide knowledge on local innovation hubs and connections to entrepreneurial opportunities.
Introductions to local venture capital networks.

Assist in navigating government export programs and financial supports.
Advice and coaching in international expansion and exporter development.
Support Team BC missions and trade events.
Match buyers and sellers in local and foreign markets.
Provide insight on trade agreements and barriers.
Introductions to trade representatives in foreign markets.
Market entry assistance in international markets.

Trade & Investment Office

Indonesia
- Jakarta

Jakarta

British Columbia’s trade and investment network provides direct access for B.C. companies interested in the Indonesian market as well as other countries in the ASEAN economic region. Our experienced trade and investment professionals can help you network and explore business opportunities in the region.

Jakarta Office:
Embassy of Canada
World Trade Centre I, 6^th Floor
Jalan Jend. Sudirman Kav. 29-31
Jakarta 12920, Indonesia

Contact our Trade and Investment Representatives. Our team welcomes your inquiries

Rohan Belliappa
Managing Director, ASEAN

Debora Gracia
Commercial Officer

Connect With Our International Network

Our Trade and Investment Representatives can help you establish the right connections, participate in events and tradeshows, explore programs and initiatives, and more. Connect with an expert near you.

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