Indonesia New Zealand Food Renewable Energy Collaboration
Indonesia and New Zealand Strengthen Trade Ties, Aim for $6 Billion by 2029
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Indonesia and New Zealand are bolstering their economic partnership, with a shared commitment to achieving a bilateral trade target of NZ$6 billion (US$3.6 billion) by 2029. This goal aligns with the Indonesia-New Zealand Comprehensive Partnership Plan of Action (PoA 2025-2029) and reflects a growing trade relationship despite global economic headwinds.
Growing Bilateral Trade and Key Collaboration Areas
Recent data demonstrates a positive trend in trade between the two nations. Total trade reached US$963.23 million in the first half of 2025, a significant 21.56% increase compared to the US$792.39 million recorded in the same period last year. Indonesia’s exports to new Zealand totaled US$374.89 million, while imports from New Zealand reached US$588.35 million.During a meeting in Jakarta on Thursday, Indonesian Minister of Trade, Zulkifli Hasan, and New Zealand Minister of Trade, Todd McClay, discussed strategies to further enhance economic cooperation. Key areas identified for collaboration include the food sector,renewable energy,and support for Micro,Small,and Medium Enterprises (MSMEs) seeking to expand into international markets.
“We acknowledged great potential for collaboration in the food and renewable energy sectors,as well as support for MSMEs to penetrate international markets,” Minister Hasan stated.
Addressing Global Trade Challenges and Ensuring Stability
The ministers also addressed the current global trade landscape, particularly the impact of unilateral tariff policies on businesses in the region. Both countries emphasized the importance of business certainty as a crucial element for maintaining the stability and sustainability of international trade.
Minister McClay expressed New Zealand’s commitment to continued support and deepened cooperation with Indonesia, particularly in navigating these global dynamics. “We appreciate our established cooperation with Indonesia and hope this partnership can contribute as a solution amidst global trade uncertainty,” he added.
Trade Composition: Exports and Imports
Indonesia’s main exports to New zealand include:
Oilseed meal
Coal
Monitors and projectors
electrical transformers
Wood
New Zealand’s primary exports to Indonesia consist of:
Milk and cream
Radar equipment
butter
Cheese and curd
Flour, meal, and pellets
Leveraging Trade Agreements for growth
both Indonesia and New Zealand are optimistic about reaching the NZ$6 billion trade target by strategically utilizing existing international trade agreements. These include the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) and the Regional Comprehensive Economic Partnership (RCEP).
Minister Hasan highlighted the potential of these agreements,stating,”This target can be achieved by utilizing our existing international trade agreements,such as the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) and the Regional Comprehensive Economic Partnership (RCEP).”
this strengthened partnership builds on recent initiatives, including a Memorandum of Understanding (MoU) signed to boost agricultural trade and a shared pursuit of green economy and trade growth. Indonesia is also actively seeking to double its trade with New Zealand by 2029, demonstrating a strong commitment to a mutually beneficial economic future.