The trade war US China is relatively cooling down in recent week, as Indonesia look closely its trade to both country. Still a mix up data last seen on trade deficit and increasingly domestic demand. However hurt the Indonesia export in both country.
Indonesia is trying hard to search for new market since in US and China unsure about tariff and regulation. Another problem also the demand in China bit decrease in recent month. Although bit up, thanks to the China new year demand, but could not see the good prospect in near future.
Actually Indonesia economy doesn't much depend on trade sector, the share are very little. Domestic consumption are the one driving Indonesia economy, but still look to increase its share to the economy. Indonesia want to expand its economy growth, which is stuck between 4-5 percent.
The plan was 7 percent, but till the term of current government could not reach even 6 percent. This problem is hampering government plan to expand its economy to potential place in the region. It is known that many place in Indonesia still have huge prospect in its economy growth.
Indonesia export mainly on raw commodity to neighbor country, China and US. The share to US and China mostly thwarted by uncertainty in US and China trade war. Look gloomy that many exporter turn to importer, just to ease their business.
Indonesia problem always like that, their business see the easy way than struggling with no money at all. Actually if they plan for long term would be good in future, because trade war will end and big opportunity will come.
