Vehicles and Palm Oil Lead Indonesia’s Export Commodities to Peru

TEMPO.CO, Jakarta – Indonesia’s Ministry of Trade (Kemendag) revealed the 10 main export commodities of Indonesia under the Indonesia-Peru Comprehensive Economic Partnership Agreement (CEPA).

This comprehensive trade agreement between the two countries is expected to expand market access for exports and imports, mutually supporting each other’s industries.

The Director-General of International Trade Negotiations at the Ministry of Trade, Djatmiko Bris Witjaksono, stated that the 10 export commodities include passenger cars and motorcycles; footwear; palm oil and its fractions; refrigerators; paper and cardboard; margarine; cloves; as well as photocopiers and fax machines.

Djatmiko explained that export opportunities for Indonesia to the Latin American region will be greatly expanded through the trade agreement with Peru. He noted that Peru is strategically positioned in international trade and within the American continent.

“Technically, Peru has good facilities and infrastructure that can connect trade to the surrounding regions,” Djatmiko said during a press conference at the Ministry of Trade Auditorium on Tuesday, August 12, 2025.

In addition to export commodities, Djatmiko highlighted the benefits of the Indonesia-Peru CEPA trade agreement. He said that Indonesian trade products will benefit from tariff eliminations, reductions, and gradual tariff cuts on about 90 percent of Peru’s tariff lines. This is expected to enhance the competitiveness of Indonesian products in Peru.

However, the trade agreement currently covers only trade in goods. Djatmiko mentioned that the government has not yet begun exploring investment opportunities or promoting investment under Indoneisa-Peru CEPA. This approach is taken gradually to ensure mutually beneficial agreements.

“Let’s first agree to negotiate trade in goods. Once that is completed and ratified, we will continue negotiations for the service sector, investment, and capital investment,” Djatmiko said.

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