{"id":12830,"date":"2024-08-20T05:59:51","date_gmt":"2024-08-19T22:59:51","guid":{"rendered":"https:\/\/investinasia.id\/blog\/?p=12830"},"modified":"2026-01-08T15:27:07","modified_gmt":"2026-01-08T08:27:07","slug":"top-foreign-investors-in-indonesia-by-country-and-continent","status":"publish","type":"post","link":"https:\/\/investinasia.id\/blog\/top-foreign-investors-in-indonesia-by-country-and-continent\/","title":{"rendered":"Top Foreign Investors in Indonesia (by Country and Continent)"},"content":{"rendered":"

Indonesia has long been a magnet for foreign direct investment (FDI)<\/a>, thanks to its abundant natural resources, strategic location, and large consumer market.<\/p>\n

In 2023, the country saw a significant surge in FDI, as reported by the Ministry of Investment\/BKPM (Badan Koordinasi Penanaman Modal)<\/a>, with foreign investments playing a crucial role in driving the nation\u2019s economic growth.<\/p>\n

Also read:<\/strong> Major Industries in Indonesia (Based on Contribution to GDP)<\/a><\/strong><\/p>\n

Key Foreign Investors by Country<\/h2>\n
\"Top
Top Foreign Investors in Indonesia (by Country and Continent)<\/figcaption><\/figure>\n

According to the latest data from BKPM, the top five countries contributing the most to Indonesia’s FDI in 2023 were Singapore, China, Hong Kong, Japan, and Malaysia. Below is a breakdown of their contributions:<\/p>\n

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  1. \n

    Singapore<\/strong><\/h3>\n<\/li>\n<\/ol>\n

    Singapore was the largest foreign investor in Indonesia, with a total investment of US$15.4 billion<\/strong>.<\/p>\n

    This is consistent with Singapore\u2019s long-standing position as a leading source of investment in Indonesia, often attributed to the strong economic ties between the two nations and Singapore’s role as a regional financial hub.<\/p>\n

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    1. \n

      China<\/strong><\/h3>\n<\/li>\n<\/ol>\n

      China followed as the second-largest investor, with investments amounting to US$7.4 billion<\/strong>.<\/p>\n

      China\u2019s investment focus has been on infrastructure and manufacturing, aligning with Indonesia\u2019s industrial growth strategies and China\u2019s Belt and Road Initiative (BRI).<\/p>\n

      Also read: China Investment in Indonesia: Latest Update and Strategic Insights from InvestinAsia<\/a><\/strong><\/p>\n

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      1. \n

        Hong Kong<\/strong><\/h3>\n<\/li>\n<\/ol>\n

        Hong Kong contributed US$6.5 billion<\/strong> in foreign direct investment, making it the third-largest investor.<\/p>\n

        Hong Kong’s investments have primarily targeted sectors like real estate, financial services, and telecommunications, leveraging its robust financial systems and international business connections.<\/p>\n

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        1. \n

          Japan<\/strong><\/h3>\n<\/li>\n<\/ol>\n

          Japan, a long-term economic partner of Indonesia, invested US$4.6 billion<\/strong> in 2023.<\/p>\n

          Japanese investments have traditionally been directed towards the automotive, electronics, and manufacturing sectors, reflecting Japan\u2019s industrial expertise and technological advancements.<\/p>\n

          If you’re curious about the state of the automotive business in Indonesia, check out this article: Automotive Industry in Indonesia: Opportunities and Outlook<\/a><\/p>\n

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          1. \n

            Malaysia<\/strong><\/h3>\n<\/li>\n<\/ol>\n

            Malaysia rounded out the top five with investments totaling US$4.1 billion<\/strong>.<\/p>\n

            As a close neighbor and member of ASEAN, Malaysia’s investment activities in Indonesia are broad-based, covering sectors such as palm oil, banking, and consumer goods.<\/p>\n

            source: Ministry of Communication and Information Technology Indonesia, as reported by Aseanbriefing<\/em><\/p>\n

            Also read:<\/strong> Indonesia\u2019s Top Trading Partners (Export-Import)<\/a><\/strong><\/p>\n

            Investment Contributions by Continent<\/h2>\n
            \"Top
            Top Foreign Investors in Indonesia (by Country and Continent)<\/figcaption><\/figure>\n

            In addition to individual countries, investments also varied significantly across different continents. Below is a summary of the top investment contributions by continent:<\/p>\n

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            1. \n

              Asia<\/strong><\/h3>\n<\/li>\n<\/ol>\n

              Asia was the largest contributor, with a total investment of US$41.4 billion<\/strong>. Key contributors included:<\/p>\n