Indonesia Export Data
13-Oct-2023
According to Indonesia trade data, India and Indonesia have seen significant growth in bilateral trade, increasing from US$4.3 billion in 2005-6 to US$38.84 billion in 2022-23.
India exports various premium products to Indonesia, including pharmaceuticals, electronics, textiles, automobiles, and sugars.
Indonesia is India's second-largest trading partner in the ASEAN region. India became Indonesia's fourth-largest export market in 2022-23, with total bilateral trade reaching a record high.
Indonesia's top imports include mineral fuels and oil, machinery, electrical machinery, iron and steel, and plastics.
The growing demand for imported goods in Indonesia presents significant opportunities for businesses looking to enter the Indonesian market.
To analyze Indonesia's imports and exports, one can visit platforms like Indonesiatradedata.com for updated data and market research.
As we know, India and Indonesia have shared two millennia of proximate cultural, commercial, and bilateral trade relationships. India has become Indonesia's second biggest trading partner in the ASEAN region. Based on Indonesia's trade data, bilateral trade has increased from US$4.3 billion in 2005-6 to US$38.84 billion in 2022-23. The overall trade scenario in Indonesia is encouraging.
So what will be the scenario of the Indonesian trade market in 2023?
In this blog, we'll explore India's most premium export products to Indonesia, including updated Indonesia import data, market trends and opportunities, and a brief on bilateral trade partnerships.
Indonesia is an enormous and growing economy that proposes a broad range of opportunities for Western Australian businesses looking for a new and increasing export market. With the world's fourth most significant population, half younger than 30, and a rapidly expanding middle class, demand for higher standards of consumer goods, education and training services, and new technologies exists.
Indonesia is an enormous and growing economy that proposes a broad range of opportunities for Western Australian businesses looking for a new and increasing export market. With the world's fourth most significant population, half younger than 30, and a rapidly expanding middle class, demand for higher standards of consumer goods, education and training services, and new technologies exists.
As per Indonesia Export Data, the country's exports in 2022–23 were worth US$315.924 billion, up 22.2% from the previous year. The top three commodities for export were electrical machinery and equipment (10.45%), oil and gas (12.4%), and animal and vegetable fats and oils (14%).
Based on Indonesia Trade Data, other export commodities include palm oil, coal, copper ores, ferronickel, and manufactured items such as electronics, machinery, and furniture. Indonesia's top export destinations are China, the United States, Japan, India, and Malaysia.
In Southeast Asia, India's primary trade partner is Indonesia. Indonesia is India's second-largest commercial partner in the ASEAN area, with bilateral trade of around US$ 26.17 billion in 2021–22 and US$ 38.84 billion in 2022–23, as per Indonesia import data.
Since 2005–2006 (US$4.3 billion), the two countries' commerce has increased more than nine times. India and Indonesia have seen a tremendous improvement in their economic ties. After Singapore, Indonesia has become India's second-largest trading partner in the ASEAN area.
India became Indonesia's fourth-largest export market internationally in 2022–2023 due to US$28.82 billion in exports from Indonesia, creating history. In 2022–2023, total bilateral trade hit a record high of US$38.84 billion. By 2025, both nations want $50 billion worth of business. You can also find the updated Indonesia Importers List
India is Indonesia's fifth-largest trading partner, and the two countries have solid economic connections. Based on Indonesia import data, India's top three goods to Indonesia in 2021 were semi-finished iron, raw sugar, and refined petroleum, aggregating $8.71 billion.
High-quality products with a high perceived worth are considered premium goods. They often refer to status, exclusivity, and luxury. India sends a variety of high-end goods to Indonesia, including:
Pharmaceuticals: India is a significant exporter of medicines, and its products are favorably regarded in Indonesia. Indian pharmaceutical firms have a substantial presence in the Indonesian market, and public and private hospitals and clinics use their products.
Electronics: India's electronics industry has multiplied in recent years, and the country now exports an extensive range of electronic products to Indonesia, including smartphones, laptops, televisions, and appliances. Indian electronic products are known for their high quality and affordability.
Textiles: India is a foremost exporter of fabrics, and its products are famous in Indonesia for their traditional designs and vibrant colors. Indian textile companies have a substantial presence in the Indonesian market, and their products are traded through diverse channels, including retail stores, online retailers, and wholesalers.
Automobiles: India's automobile industry is another significant exporter, and its products are acquiring popularity in Indonesia. Indian automobiles are considered for their affordability and fuel efficiency. Indian automobile companies are also growing their operations in Indonesia, with some firms setting up manufacturing plants in the country.
Sugars and sugar confectionery: Sugar and sugar confectionery is also one of the major products exported from India to Indonesia. Based on Indonesia Trade data, sugar and sugar confectionery were exported with a value of $736.64 million in 2022.
In the ASEAN area for 2022–2023, Indonesia was India's second-largest commercial partner after Vietnam.
According to Indonesia Trade Data, the bilateral trade between India and Indonesia has increased significantly over the past few years, reaching US$38.84 billion in 2022–23.
According to Indonesia import data, India's primary goods to Indonesia include refined petroleum products, commercial automobiles, telecommunications equipment, bovine meat, animal feed, agricultural products, steel, and plastics. The primary products that Indonesia exports to India include coal, crude palm oil, minerals, rubber, pulp and paper, and hydrocarbon reserves.
Based on the Indonesia importers list, the following product categories will be responsible for most of Indonesia's imports in 2022.
Let’s explore the table first!
| S.No | Indonesia’s Top Imports | Export Values( In USD Billion) |
| 1 | Mineral fuels and oil | 44.9 |
| 2 | Machinery, including computers | 31.6 |
| 3 | Electrical machinery and equipment | 26.4 |
| 4 | Iron and steel | 13.9 |
| 5 | Plastics and plastic articles | 11.1 |
| 6 | Vehicles | 9.5 |
| 7 | Organic chemicals | 7.7 |
| 8 | Food industry waste | 4.6 |
| 9 | Cereals | 5.5 |
| 10 | Iron or steel | 4 |
The percentage of each product category's total imports into Indonesia is also mentioned.
1. Mineral fuels and oil: US$44.9 billion (18.9% of total imports)
2. Machinery, including computers: $31.6 billion (13.3%)
3. Electrical machinery and equipment: $26.4 billion (11.1%)
4. Iron and steel: $13.9 billion (5.9%)
5. Plastics and plastic articles: $11.1 billion (4.7%)
6. Vehicles: $9.5 billion (4%)
7. Organic chemicals: $7.7 billion (3.2%)
8. Food industry waste: $4.6 billion (1.9%)
9. Cereals: $4.5 billion (1.9%)
10. Iron or steel: $4 billion (1.7%)
So these are Indonesia Top Imports, with a majority of the overall value of Indonesia's imports from other nations made up of the top 10 items. Mineral fuels, including oil, increased by 55.7% between 2021 and 2022, followed by automobiles (up 41.7%), iron or steel products (up 27%), and machinery, including computers (up 22.2%).
You need to visit the Indonesiatradedata.com driven dashboard to analyze the updated exports-imports data. It is the best market research platform that provides import and export data and authentic information about international trade.
In conclusion, Indonesia is one of the significant sectors for premium products. It contributes to revenue generation, job growth, and an increase in India's foreign exchange reserves. The promotion of Indian brands and goods on the global market also benefits from the export of high-end goods.
The growing demand for exported goods in Indonesia presents an influential opportunity for businesses that can supply these goods to the international market. Indonesia is a free trade country, meaning companies can import and export goods more efficiently.
So, you now understand the major export commodities from India to Indonesia in brief. If you're looking for Indonesia’s Top Imports, Indonesia importer list or Indonesia import data, please connect with our professionals and book a free live demo!
