Indonesia Export Data , Indonesia export Import Data
24-Dec-2024
Key Highlights:
Indonesia, the biggest economy in Southeast Asia, has a diverse mix of imports and exports that significantly contribute to its economic growth. For both domestic and foreign companies, Indonesia offers a multitude of opportunities due to its advantageous location, wealth of natural resources, and expanding market.
Following a $0.6 billion trade deficit in the second quarter, Indonesia's BOP for the third quarter of 2024 showed a surplus of $5.9 billion. As of June 2024, Indonesia had a $2.39 billion trade surplus. In this blog, we will explore key strategies for enhancing imports and exports in Indonesia, supported by relevant data, main exports of Indonesia, major imports of Indonesia, Indonesia port data, and trends.
Indonesia is home to more than 280 million people, making it the fourth most populous country in the world. 14th largest country by area, covering 1,904,569 square kilometers.
Indonesia, a G20 member and upper-middle-income nation, is categorized as a newly industrialized nation.
With a nominal GDP of 20.892 quadrillion rupiah ($1.371 trillion) in 2023, Indonesia ranks seventh in terms of GDP (PPP) and 16th in terms of nominal GDP globally.
Indonesia’s economy is expected to grow by 4.8% in 2023 and 5.0% in 2024 as the commodity boom wanes and domestic demand normalizes, according to a report by the Asian Development Bank (ADB) released today.
Now it's time to analyze the data for imports and exports in Indonesia.
Next, look at the statistics on Indonesia imports and exports:
In November 2023, Indonesia's exports totaled US$22.00 billion, down 8.56 percent from November 2022 and 0.67 percent from October 2023. Based on Indonesia export data, exports of non-oil and gas totaled US$20.72 billion in November 2023, down 9.76 percent from November 2022 and 0.29 percent from October 2023.
From January to November 2023, Indonesia's total exports came to US$236.41 billion, a decrease of 11.83 percent from the same period in 2022. Similarly, non-oil and gas exports dropped 12.47 percent to US$221.96 billion. Also, looking at Indonesia port data or sea port list? Explore the list ports in Indonesia with relevant data.
According to Indonesia export data, the country's total export value from January to September 2024 was approximately US$192.85 billion, which represents a 0.32% increase over the same period in 2023.
Among the top ten non-oil and gas export commodities, animal or vegetable fats and oils saw the largest decline in September 2024, falling US$404.4 million, or 16.91 percent, from August 2024. On the other hand, the biggest increase was in iron and steel, which rose 10.41 percent to US$207.6 million.
Here is the list of the main exports of Indonesia.
|
S.No. |
Indonesia Top 5 Exports |
Indonesia Export Data |
|
1 |
Palm Oil |
$46 million |
|
2 |
Paper Products |
$46 million |
|
3 |
Coffee |
9.4 million |
|
4 |
Cocoa |
9.4 million |
|
5 |
Rubber |
3.2 million |
So, these are the main exports of Indonesia. To know the exact and top list of Indonesia top 10 exports, explore this informative blog. Along with that, you can gain the Indonesia imports and exports statistics, Indonesia port data, product-wise HS Codes, and much more.
The value of Indonesia's imports in November 2023 was US$19.59 billion, up 4.89 percent from October 2023 and 3.29 percent from November 2022.
In November 2023, oil and gas imports totaled US$3.49 billion, up 8.79 percent from October 2023 and 24.41% from November 2022. With a value of US$16.10 billion, non-oil and gas imports in November 2023 rose 4.08 percent from October 2023 but decreased 0.37 percent from November 2022.
Get started by looking at the table for Indonesia's top imports in 2023!
|
Major Imports of Indonesia |
Import data of Indonesia |
|
Mineral fuels, oils, and distillation products |
40.12 |
|
Machinery, nuclear reactors, boilers |
32.16 |
|
Electrical, electronic equipment |
25.78 |
|
Iron and steel |
11.38 |
|
Vehicles other than railways, tramways |
10.2 |
Thus, Indonesia's primary imports are these. Explore the exact and top list of Indonesia top 10 imports. Along with that, you can gain access to Indonesia import and export data, Indonesia port data, Indonesia import data, product-wise HS Codes, and much more.
In recent years, imports have steadily increased due to Indonesia's developing middle class and growing economy. China, Singapore, Japan, the United States, and Malaysia are Indonesia's major trading partners, according to trade data.
According to figures from Indonesian importers, China is the country's biggest import supplier, making up more than 20% of all imports. According to Indonesian import data, Singapore is the country's second-largest import source, contributing more than 10% of all imports. Malaysia, the US, and Japan are additional important import markets for Indonesia.
Also Read: Indonesia's Biggest Trade Partners
According to a report, Indonesia's imports are predicted to continue growing in the upcoming years due to economic expansion and the growing demand for imported goods. To gain the statistics on imports and exports in Indonesia, visit our data-driven platform today.
So, Indonesia has an expanding and promising import and export market. Indonesia can establish itself as a major player in the international trade arena by emphasizing innovation, trade agreements, insights, diversification, and technology adoption.
Also, Indonesia is well on its way to attaining sustainable growth and success in international trade thanks to its abundant natural resources and vibrant labor force. However, if you need any kind of assistance regarding Indonesia imports and exports, Indonesia export data, or import data Indonesia, connect with IndonesiaTradeData.com and schedule a free live demo today.
