Foreign Trade of Indonesia from 1974/75 - 1992/93

Abstract

Foreign trade plays an important role in the economic development of a country. Economic developed of all development countries is mainly due to the foreign trade. Through foreign trade, the reserves of foreign exchange are enlarged. There is no country in the world at present which produces all the commodities. Therefore every country tries to produce those commodities in which the said country has comparative advantage. The producing countries exchange their goods in the international market with those goods not produced by these countries. This research article analyzes the foreign trade of Indonesia during the period 1974/75 to 1992/93.