Trade Trend

In 2023, Indonesia's total export value is 258.86Billion USD, total import value is 221.89Billion USD, Surplus is 36.97Billion USD, and foreign trade dependency is 0.351. In 2023，Indonesia's top export products are Coal; briquettes, ovoids and similar solid fuels manufactured from coal(34.59Billion USD), Palm oil and its fractions; whether or not refined, but not chemically modified(22.69Billion USD), Ferroalloys(15.30Billion USD), top export destinations are China(64.94Billion USD), United States(23.25Billion USD), Japan(20.79Billion USD). In 2023, Indonesia's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(20.28Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(11.14Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(6.40Billion USD), top import origins are China(62.88Billion USD), Singapore(18.41Billion USD), Japan(16.52Billion USD).

Comparing to 2022, Indonesia's total export value decreased -33.12Billion USD(-11.34%) in 2023, this could result from its export decreases of products such as Coal; briquettes, ovoids and similar solid fuels manufactured from coal(-12.15Billion USD or -25.99%), Palm oil and its fractions; whether or not refined, but not chemically modified(-5.08Billion USD or -18.30%), Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols(-1.71Billion USD or -26.70%) and export decreases to countries/economics such as United States(-4.95Billion USD or -17.55%), Japan(-4.06Billion USD or -16.32%), India(-3.09Billion USD or -13.21%). Comparing to 2022, Indonesia's total import value decreased -15.56Billion USD(-6.55%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-3.12Billion USD or -13.33%), Ferroalloys(-1.49Billion USD or -47.78%), Fertilizers; mineral or chemical, potassic(-1.35Billion USD or -54.90%), and its import decreases from countries/economies such as China(-4.84Billion USD or -7.15%), India(-2.63Billion USD or -28.17%), Malaysia(-1.72Billion USD or -13.75%).

Cumulated to first 7 months of 2024, Indonesia's total export value is 95.37Billion USD, total import value is 83.41Billion USD, and tradesurplus is 11.95Billion USD. Cumulated to first 7 months of 2024, Indonesia's top export products are Coal; briquettes, ovoids and similar solid fuels manufactured from coal(11.41Billion USD), Palm oil and its fractions; whether or not refined, but not chemically modified(6.19Billion USD), Ferroalloys(5.27Billion USD), and top export destinations are China(23.75Billion USD), United States(10.33Billion USD), Japan(8.57Billion USD). Cumulated to first 7 months of 2024, Indonesia's top import products are Coal; briquettes, ovoids and similar solid fuels manufactured from coal(11.41Billion USD), Palm oil and its fractions; whether or not refined, but not chemically modified(6.19Billion USD), Ferroalloys(5.27Billion USD), and top import origins areChina(27.73Billion USD), Singapore(6.87Billion USD), Japan(5.35Billion USD).