page_title: Argentina–Indonesia relations
section_title: Trade and commerce
hierarchical_section_title: Argentina–Indonesia relations / Trade and commerce
caption_attribution_description: Español: Embajada de Indonesia. Palermo, Buenos Aires, Argentina.
context_page_description: Argentina–Indonesia relations refers to the bilateral relations of Argentina and Indonesia. Since the diplomatic relations established in 1956, the bilateral relations between Argentina and Indonesia have become increasingly more strategic. According to Argentine Ambassador to Indonesian Javier A. Sanz de Urquiza, Indonesia has been a "true friend of Argentina" over the Falkland Islands sovereignty dispute. Argentina has an embassy in Jakarta, while Indonesia has an embassy in Buenos Aires. Both countries say they share the same values regarding the international order, and the same aspiration to defend the developing nations' interest in international forum. Both countries are members of Group of 77, the G-20 major economies, the G20 developing nations, and Forum of East Asia-Latin America Cooperation.
context_section_description: Indonesia is the second-largest destination for Argentine exports to Asia after China, and the largest one in Southeast Asia. While Argentina is South America's second-largest importer of Indonesian products after Brazil. In overall trade, Indonesia is Argentina's fourth-largest trading partner in Asia. The volume of trade between Indonesia and Argentina rose from US$632.47 million in 2007 to almost reached US$2 billion in 2011. The balance of trade is heavily in favor of Argentina, as every year Indonesia buys more than $1 billion worth of soya bean oil cakes from Argentina.
caption: Embassy of Indonesia in Buenos Aires
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