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Indonesia’s gross domestic product (GDP) grew by 5.1 percent in 2023, making its economy the 16th largest globally. The United States is the second largest supplier of agricultural products to Indonesia with an 11-percent market share in 2023. Major exports include soybeans, wheat, cotton, milk powder, feeds and fodders, dairy, fresh fruit, and beef and beef products.
Indonesia is a key stakeholder and an active participant at global environmental fora. Home to a vast swathe of rainforest, Indonesia is ranked as the world’s tenth largest emitter of greenhouse gases (GHG), mainly due to land-use change and energy sector emissions.
State-owned Indonesian energy company Pertamina will launch a new gasoline product containing 5 percent ethanol in late June 2023, utilizing ethanol derived from domestic sugarcane.