Indonesia Export Data , Indonesia export Import Data
03-Dec-2024
Key Highlights:
Did you know? India and Indonesia share a common maritime border with the Andaman Nicobar Islands, making them neighbors. Additionally, two of the world's biggest democracies are Indonesia and India. These nations are part of the Non-Aligned Movement, the G-20, the E7 (countries), and the UN.
However, because of their close trade relations, exporting to India can be a lucrative endeavor for Indonesia. While India provides a sizable market for these goods, the major goods imported from Indonesia to India are coal, palm oil, rubber, and other commodities. So, if you're planning to step into this trade in 2025, in this blog, we will explore how to export from Indonesia to India successfully.
As we know, Indonesia and India have a robust trade relationship, with one of India's most important ASEAN trading partners being Indonesia. Among ASEAN nations, Indonesia has become India's biggest trading partner.
Similarly, India and Indonesia's bilateral trade grew from US$26.04 billion in 2022 to US$38.84 billion in 2023.
With a total of US$652.65 million in FDI equity inflows into India from April 2000 to September 2023, Indonesia ranks 35th.
Comparing India's trade with Indonesia and Singapore, which is currently India's biggest ASEAN trading partner, and the rest of the world over the last five years (2019–2024) would be useful in order to analyze the trade dynamics between Indonesia and India. Figures 1 and 2 illustrate this.
However, there was a rebound in India's total imports between 2020 and 2022, including imports from both Indonesia and Singapore. From 2021 to 2023, India’s global imports increased by 17 percent, with Indonesia contributing 63 percent and Singapore 24 percent to this growth.
Also Read: How to export rubber products from India to Indonesia
According to Indonesia Trade data, bilateral trade between Indonesia and India grew by 48% in 2023, reaching US$38.84 billion from US$26.04 billion in 2022. By 2025, the two nations also want to increase their trade to $50 billion USD.
In terms of exports, the top commodities exported from Indonesia to India are mineral fuels (mainly coal), palm oil, iron and steel, ores, slag and ash, paper and paperboard, and copper ore, with coal briquettes and palm oil being the most significant exports in terms of value.
In terms of imports, the top commodities exported from India to Indonesia are refined petroleum, raw sugar, frozen bovine meat, engineering goods, organic and inorganic chemicals, meat, dairy, and poultry products. Explore the major exports from India to Indonesia here.
Import duty from Indonesia to India ranges from 0% to 40%, depending on the commodity. Electronic devices, laptops, and books are among the items that are duty-free. Other products, like high-end cars, alcoholic drinks, and designer shoes, can be subject to extra taxes. Additionally, an 11% VAT, or a reduced rate of 0%–5%, is applied to all imported items.
Now, let's analyze the updated Indonesia export data!
Here is an updated table for Indonesia export data for 2023-24
|
Year |
Export Value (USD Billion) |
Change Compared to Previous Year |
Key Export Commodities |
|
2023 |
258.79 |
Slight Decrease |
Mineral Fuels, Animal/Vegetable Fats and Oils, Iron and Steel |
|
2023-2024 (Jan-Jul 2024) |
147.3 |
Slight Decrease |
Mineral Fuels, Animal/Vegetable Fats and Oils, Iron and Steel |
With a total export value of approximately $258.79 billion in 2023 and a cumulative value of $147.30 billion for the January–July period in 2024, As per Indonesia export data, Indonesia's exports in 2023–2024 showed a slight decline from the previous year. Mineral fuels, animal and vegetable fats and oils, and iron and steel are among its main export commodities. To know the exact statistics on India import from Indonesia, connect with IndonesiaTradeData.com.
To export from Indonesia to India, first you need to obtain some mandatory documents and insights. Here are some significant documents:
Also Read: Top 10 Exports of Indonesia: Trends, Data, and Economic Impact
Now, let’s analyze the steps for import from Indonesia to India.
Knowing the trade laws of both India and Indonesia is essential when exporting to India. Start by learning about Indonesia's export regulations, including any limitations on certain goods. Investigate India's import regulations as well to make sure your products meet their requirements for safety, quality, and certification.
Choosing the correct product choice is essential for export from Indonesia to India. Determine which products, such as coal, furniture, textiles, or palm oil, are in great demand in India and evaluate their market potential.
To comprehend current market trends and gaps, use trade data. Make sure your product satisfies competitive standards for quality, cost, and innovation. This study will assist you in focusing on products that have the highest potential for long-term growth and profit margins in the Indian market.
Make sure you have all the required licenses and permits before you begin exporting. You must obtain an Exporter Identification Number (EIN) from the Directorate General of Customs and Excise if you are an exporter from Indonesia. Make sure your importer has an Importer Exporter Code (IEC) on the Indian end.
Making wise choices requires accurate facts. Sites such as IndonesiaTradeData.com provide Indonesia export data, active buyer data, market trends, and trade statistics. Utilize this information to determine trends in Indian demand and locate possible product importers. Along with this, traders can gain the exact insights on export from Indonesia to India.
The basis of global trade is effective logistics. Join together with a logistics company that has handled cargo between India and Indonesia before. They will help you manage warehousing, choose the finest shipping routes, and guarantee safe transportation. To reduce delays, work with a customs broker to manage paperwork and customs clearance.
The kind, quantity, and delivery schedule of your products will all influence the shipping option you choose. Sea freight is appropriate and reasonably priced for large, non-perishable commodities.
For smaller, more valuable, or perishable goods that need to be transported more quickly, air freight is the best option. To determine who is responsible for shipping costs and dangers, talk to your buyer about incoterms like FOB (free on board) or CIF (cost, insurance, freight).
Learn about the tax structure in India before you export. To determine the total cost for your buyer, check the GST rate and any applicable customs charges for your product.
This enables you to maintain profitability while setting competitive pricing. To handle the intricacies of taxes and guarantee adherence to Indian import regulations, think about speaking with a customs specialist or broker.
Successful exports depend on having solid business contacts. Make connections with Indian importers by using market research platforms such as IndonesiaTradeData.com as well as trade shows and government portals. At our platform, you can obtain the updated India-Indonesia trade statistics, buyers & suppliers list, product-wise HS Codes, and much more.
In 2025, exporting to India from Indonesia can open up a world of commercial prospects. You may access India's booming market by being aware of the trade insights and adhering to rules. Your export experience can significantly contribute to the expansion of your company if it is carefully planned and carried out.
However, in case you need any kind of guidance regarding export from Indonesia to India, duty-free import from Indonesia to India, or specific insights about Indonesia export data, visit IndonesiaTradeData.com and analyze the trade insights hassle-free.
Q1. What does India import from Indonesia?
In terms of exports, the top commodities exported from Indonesia to India are mineral fuels (mainly coal), palm oil, iron and steel, ores, slag and ash, paper and paperboard, and copper ore, with coal briquettes and palm oil.
Q2. Is there any free trade agreement between India and Indonesia?
India and Indonesia are part of a free trade agreement known as the ASEAN-India Free Trade Area (AIFTA). This agreement has resulted in a considerable rise in trade between the two countries, especially in industries such as refined petroleum, coal briquettes, and palm oil.
Q3. What can I import from Indonesia to India?
The top commodities imported to India from Indonesia are mineral fuels (mainly coal), palm oil, iron and steel, ores, slag and ash, paper and paperboard, and copper ore, with coal briquettes and palm oil being the most significant exports in terms of value.
Q4. What is the import duty in Indonesia from India?
Import duty from Indonesia to India ranges from 0% to 40%, depending on the commodity. Electronic devices, laptops, and books are among the items that are duty-free. Other products, like high-end cars, alcoholic drinks, and designer shoes, can be subject to extra taxes.
Q5. How to buy products from Indonesia to India?
To import products from Indonesia to India, first, you need to obtain some mandatory documents and insights, such as a company registration certificate, commercial invoice, certificate of origin, bill of lading, export declaration, import-export code, phytosanitary certificate, and export packing list.
Q6. How much does it cost to import a bike from Indonesia to India?
The cost to import a bike from Indonesia to India is approximately 116% of the bike's cost, insurance, and freight (CIF) value due to import duties. While the exact rate may vary over time, it typically ranges around 100% or more of the vehicle's price.
