Indonesia Signs Seven MoUs at INNOPROM 2026
The Government of the Republic of Indonesia continues to push for the expansion of domestic industrial market networks onto the global stage. This strategic step is clearly visible through Indonesia’s active participation as partner country in the INNOPROM 2026 international industrial exhibition held in Yekaterinburg, Russia.
“Indonesia brings a firm industrial agenda, namely accelerating downstreaming from critical minerals and advanced manufacturing, to energy, food security and industrial estates,” said Minister of Industry Agus Gumiwang Kartasasmita in his remarks at the Business Forum: Russia-Indonesia Industrial Dialogue in Yekaterinburg, Russia, on Tuesday (7/7).
The Minister of Industry stressed that Indonesia is highly optimistic about deepening its technological partnership with Russia, as well as integrating high value-added manufacturing into the Eurasian market.
The manufacturing sector, or Processing Industry (IP), remains the main pillar of the national economy. According to data from Statistics Indonesia (BPS), the processing industry recorded positive growth of 5.04 per cent in the first quarter of 2026. This growth figure is higher than the same period in the previous year, which stood at 4.55 per cent. In addition, the sector made the largest contribution to national Gross Domestic Product (GDP), reaching 19.07 per cent, equivalent to Rp1,179.62 trillion.
This impressive performance is also reflected in investment realisation in the first quarter of 2026, in which the processing industry contributed as much as 36.49 per cent, worth Rp182.04 trillion. Not only in terms of capital, the sector also absorbs a massive workforce of 20.04 million people as of February 2026. Meanwhile, in international trade, processing industry exports dominated at 83.61 per cent for the January-February 2026 period, with sales value reaching Rp622.68 trillion.
Economic relations between Indonesia and Russia have shown very significant developments in recent years. Total bilateral trade between the two countries grew by 5.4 per cent to reach USD 4.8 billion in 2025. The value of Indonesian exports to Russia also surged sharply by 7.5 per cent, with a total value of around USD 1.8 billion in 2025.
Indonesia routinely exports flagship commodities such as rubber, coffee, cocoa, tea, footwear, electronic components and chemical products. Conversely, Indonesia imports important commodities from Russia, including fertilisers, iron, steel, cereals, organic chemicals and aircraft.
Furthermore, the business forum raised three key topics: joint industrial projects, investment opportunities for industrial companies in Russia and Indonesia, and tools and mechanisms to support exporters.
“I am confident that today’s forum will bring both countries, particularly the industrial sector, into concrete collaboration through the initiation of mutually beneficial and sustainable cooperation projects,” added the Minister of Industry.