Indonesia’s GDP is expected to reach 1270.00 Billion USD in 2022. It has become the Southeast Asia’s largest economy. Indonesia is very rich in natural resources and shares major trade routes. Indonesia ranks first in terms of Palm Oil exports.
Recently Indonesia imposed a ban on palm oil exports. That has affected the supply chain of palm oil to the world. It has resulted into oil price hike in world’s top markets such as the USA, India and European countries. Therefore, Indonesia is important strategic location for the global trading.
Our Latest Indonesia Trade Data, Indonesia imported goods worth 218.34 Billion US Dollars. In 2020, Indonesia’s export value was around 143.63 Billion US Dollars.
Starting an import-export business to Indonesia can be very beneficial. To expand your reach in Indonesian market, you need an in-depth market research. Through this blog, you will be able to learn everything about Indonesia’s import-export system.
Indonesia’s Top 10 Import Partners
As per our latest Indonesia import data, China is the largest importer of Indonesian products. China alone shared 27.47 % of total imports from Indonesia. The top 10 trading partners of Indonesia in terms of import value are China (39.45 Billion US Dollars), Singapore (11.11 Billion US Dollars), Japan (10.29 Billion US Dollars), The United States of America (8.66 Billion US Dollars), South Korea (7.90 Billion US Dollars), Malaysia (7.46 Billion US Dollars), Thailand (7.24 Billion US Dollars), Australia (4.60 Billion US Dollars), Taiwan (3.60 Billion US Dollars) and India (3.56 Billion US Dollars).
Indonesia’s Top 10 product imports
Our Indonesia Shipment data suggests that Petroleum oils, petroleum products, Telephones, Heavy Machinery, Computer, mechanical parts, and Turbines are the main imports of Indonesia. Let us now look at Indonesia’s Top 10 product imports of 2020 by HS Code, Total Import Value (Billion USD) and Share of total imports:
Total Import Value(Billion USD)
Share of Total Imports
Part of transmission apparatus, portable receivers
Crude petroleum oils
Petroleum Oils and oils obtained from bituminous minerals of other ron: unblended
Wheat grain without husk
Oil Cake And Other Solid Residues Whether or Not Ground Or In The Form Of Pellets, Resulting From The Extraction Of soya bean Oil
Gold Bullion and Dore
Motor spirit of RON 90 & above but below RON 97 unblended
Raw sugar of oth cane sugar, in solid form, not added flavoring/coloring matter
In the above table, we mentioned the Top product imports by Indonesia that has a large demand in the Indonesian market. You can target these products to enhance your production and maximize your profit.
Indonesia’s Top 10 Export Partners
China, Japan, and the US are among the major export partners for Indonesia. As per Indonesia export data of 2020, the top 10 Export Partners in terms of Export value were China (19.28 Billion US Dollars), Japan (31.22 Billion US Dollars), United States of America (19.28 Billion US Dollars), Singapore (15.84 Billion US Dollars), India (11.80 Billion US Dollars), Malaysia (10.73 Billion US Dollars), United Arab Emirates (8.34 Billion US Dollars), South Korea (6.36 Billion US Dollars), Vietnam (6.32 Billion US Dollars), Philippines (6.26 Billion US Dollars), and Taiwan (5.97 Billion US Dollars).
Indonesia’s Top 10 product exports
Indonesia is the leading exporter of Palm oil. Indonesia’s main exports are Palm oil, gas, coal, minerals, petroleum, gold, copper, and electrical appliances. The top 10 product exports commodities of Indonesia as per our current customs data are –
In the given below we mention the top export product list with HS Code, total export value and the overall export percentage.
Total Export Value(Billion USD)
Share of Total Exports
Essential Oils and Resinoids; Perfumery Cosmetics or Toilet Preparations
Coal, other than anthracite or bituminous, whether or not pulverized
Liquid fractions of refined palm oil, with iodine
Gold, nonmonetary, bullion and dore
Baby napkins and pads for incontinence
Pneumatic, tyres, rubber
Refined Bleached Deodorised Palmolein
In the above table, we have mentioned the Top exported products that have a huge demand in the global market. You can target these products to grow your business and generate the large amount of revenue. Also, you can discover Indonesia’s top export companies, port and shipment details here.
India-Indonesia Trade Relations
India and Indonesia are very strong strategic and trading partners. Both shares healthy trade relations between them. This can be derived from the fact that recently Indonesia eased the palm oil exports for India. India relies mostly on Indonesia to fulfill its palm oil requirement.
Coal, Palm Oil, and electrical equipment are the top product imports by India from Indonesia. Whereas, Indonesia imports Wheat grain, food products, machinery and Pharmaceutical products from India. By 2025, the bilateral trade between the two could reach 50 billion US Dollars.
Exim Trade Data helps you with comprehensive market insights into Indonesian market. Our verified Indonesia data help you discover genuine opportunities for your business.