The issue of uneven trade between Indonesia and Turkey was recently brought to the forefront by Bilal Erdogan, son of Turkish President Recep Tayyip Erdogan, during a visit to Gadjah Mada University (UGM) in Yogyakarta. His remarks underscored a notable disparity in trade volumes, with Turkey’s exports to Indonesia significantly outweighing its imports. This observation highlights an economic imbalance that both nations are keen to address for mutual benefit.
Bilal Erdogan’s presence at UGM, a prominent Indonesian university, provided a platform to discuss not only cultural ties but also the economic relationship between the two countries. His focus on uneven trade signaled Turkey’s desire for a more balanced partnership, urging Indonesian businesses to explore opportunities in the Turkish market and increase their exports to the Eurasian nation, fostering greater economic integration.
The current state of uneven trade reflects a scenario where Turkey enjoys a substantial surplus in its bilateral trade with Indonesia. While Turkey exports various goods, including machinery, textiles, and chemicals, Indonesia’s exports to Turkey, though growing, have not yet reached parity. This imbalance presents an opportunity for both countries to diversify and deepen their economic engagement, seeking more equitable outcomes.
Addressing this uneven trade requires proactive measures from both sides. For Indonesia, it means identifying Turkish market demands and leveraging its competitive advantages in sectors like palm oil, rubber, and manufactured goods. For Turkey, it involves facilitating Indonesian market access and promoting investment opportunities that could lead to increased Indonesian exports, creating a more symbiotic relationship.
Discussions at UGM also touched upon the potential for collaboration in strategic sectors. Both Indonesia and Turkey are emerging economies with ambitions for technological advancement and industrial growth. Bridging the uneven trade gap could involve joint ventures, technology transfers, and increased direct investment, fostering a more robust and diversified economic partnership that goes beyond traditional commodity trade.