Putin Is Not Presenting The G20 Summit, It Turns Out That RI Profits Hundreds Of Million Dollars From Trafficking

JAKARTA - Russian President Vladimir Putin is certain that he will not attend the G20 Summit which will take place in Nusa Dua, Bali in the middle of this month. This was confirmed by Spokesperson for the Coordinating Minister for Maritime Affairs and Investment Jodi Mahardi.

Instead, the Russian leader sent Foreign Minister Sergei Lavrov to replace him at the G20 summit.

As is known, both RI and Russia are members of the Group of 20 because they are included in the top list of countries with the highest economic level in the world.

The difference is, Russia has a gross domestic product (GDP) value which is more jumbo with 1.77 trillion US dollars in 2021. Meanwhile, Indonesia is estimated to have a gross domestic product of 1.18 trillion US dollars.

So, how is the economic cooperation between the two 'old brothers'?

Citing data reported by the Central Statistics Agency (BPS), Indonesia is said to have quite flashy achievements. This is because Indonesia's trade balance is recorded in a surplus trend.

In detail, Indonesia will profit USD 239.8 million in 2021 thanks to a higher export value of USD 1.4 billion compared to imports of USD 1.2 billion.

Similar results were also obtained in 2020 with a surplus of 15.7 million US dollars that occurred due to exports of 973.5 million US dollars rather than imports of 957.9 million US dollars.

A different situation arose in 2019 when Indonesia experienced a trade balance deficit of minus 340 million dollars. This condition was caused by Indonesia's larger imports of around 1.2 billion US dollars from exports of 864.1 million US dollars.

Meanwhile, several national leading commodities that are the prima donna in the Red Bear Country include vegetable fats and oils, rubber products, machinery and electrical equipment.

Meanwhile, imports from Russia include items such as steel iron, fertilizers, mineral materials, and rough iron/cor.