JAKARTA (TheInsiderStories) — Digital economy sales can grow to US$240 billion in 2025, according to Google-Temasek report released today. The number is predicted to increase by more than 3 times from this year projection’s $72 billion.
And it is estimated to grow higher than the previously-expected $200 billion. “ASEAN has achieved one-third to reach its target,” said Vice President of Google ASEAN and India, Rajan Anandan.
The 2018 is an e-commerce year for ASEAN, as sales rose twice compared to last year. Lazada, Shopee, and Tokopedia are some of the local players in the area.
Besides e-commerce, online transportation sector is also considered attractive. In 2018, online transportation and food delivery revenue reached $7.7 billion. And in 2025, it is estimated to reach nearly $30 billion.
The report showed significant growth of Indonesia digital economy. In 2018, Indonesia digital economy achieved $27 billion sales. In 2025, Indonesia digital economy is estimated to rocket around 4 times to $100 billion.
Recently, The Association of Southeast Asian Nations (ASEAN) members expressed commitment to synchronize regulations on e-commerce on each jurisdictions as part of an effort to strengthen the digital economy development in the bloc that is home to 600 million population.
Indonesia’s trade minister Enggartiasto Lukita said last week, in a press release, that this commitment is one of the main agenda in the ASEAN Economic Community Council meeting that was part of the 32nd ASEAN Summit in Singapore.
He said the digital economy and e-commerce industry are important for the future of ASEAN. Therefore, the ASEAN countries agreed to set up regulation on the e-commerce.
The regulations from each jurisdictions should maintain an equal competitiveness between e-commerce and conventional trade. That includes the fair treatment of import duties between e-commerce and conventional trade.
Currently, the five ASEAN countries of Indonesia, Malaysia, Singapore, Thailand, and Vietnam, have linked to the ASEAN Single Window. ASEAN Single Window’s objective is to expedite cargo clearance and promote ASEAN economic integration by enabling the electronic exchange of border documents among the ASEAN Member States.
Written by Staff Writer, Email: firstname.lastname@example.org
The Insider Stories offer insight on Indonesia's economy. We provide a global reference for industry intelligence, news, information and data. We are the bridge that connects investors, the business community and policymakers. We are active across digital and events.