Indonesia Trade Analysis 2023

Indonesia is a nation based on the coastline between the Indian Ocean and the Pacific Ocean. The presence of more than 17000 islands in Indonesia with a diversity of natural beauties including landscapes and rainforests make it a hub of natural wonders. The different traditions of the people inhabiting there and the wildlife centuries make it an attractive site. The nation is home to more than 17000 islands and is famous for its diverse landscapes and tropical rainforests. This largest archipelagic country in the world possesses a diverse range of cultures, customs, traditions, wildlife, and landscapes. The land area of the nation leads to countries like Guinea, Papua, East Timor, and Malaysia in the east, west, and north direction. The numerous islands in Indonesia made the coastline of the country the second largest coastline in the world.


The country has a population of around 270 million people among which the majority practices Bahasa Indonesia as their primary and official language. The history of the nation is quite attention-grabbing with Hindu and Buddhist Kingdoms rulers in the archipelago dating back to thousands of years ago. The vast amount of natural resources in the country promotes the production rate of the agricultural sector for economic growth. With a growth rate of 5% from the past years the nation has recorded a GDP of 1.33 trillion US dollars.

Top 10 Imported Products of 2023

As per the Indonesia Import Data, the country used to import from different nations to fulfill its domestic needs. The Import trade data holds a great significance in the economic growth, the top 10 imported products of the nation with its import trade value of 2023 are mentioned below,

  • Crude petroleum (HS code - 27) – Import Trade Value of 2023 – 29 billion US dollars.

  • Refined petroleum (HS code - 27) – Import Trade Value of 2023 –16 billion US dollars.

  • Motor Vehicles (HS code - 87) – Import Trade Value of 2023 – 10 billion US dollars.

  • Computers (HS code - 84) – Import Trade Value of 2023 – 8 billion US dollars.

  • Phone System devices (HS code - 85) – Import Trade Value of 2023 – 6 billion US dollars.

  • Integrated circuits (HS code - 85) – Import Trade Value of 2023 – 5 billion US dollars.

  • Medicinal products (HS code - 30) – Import Trade Value of 2023 – 4 billion US dollars.

  • Iron and steel (HS code - 72) – Import Trade Value of 2023 – 4 billion US dollars.

  • Rubber (HS code - 65) – Import Trade Value of 2023 – 3 billion US dollars.

  • Copper Ores (HS code - 26) – Import Trade Value of 2023 – 2 billion US dollars

Top 10 Import Destinations of 2023

Based on the geographical proximity and trade agreements Indonesia used to choose its import trade partners for smooth processing of trades. The Indonesia Customs Data enlists the following nations as the top 10 trade partners of Indonesia; the annual import revenue and its share are discussed below,

  • China – Total annual import revenue of 2023 – 42 billion US dollars, Total share -25%.

  • Japan – Total annual import revenue of 2023 – 16 billion US dollars, Total share -10%.

  • Singapore – Total annual import revenue of 2023 – 14 billion US dollars, Total share -9%.

  • United States – Total annual import revenue of 2023 – 11 billion US dollars, Total share -7%.

  • Thailand – Total annual import revenue of 2023 – 7 billion US dollars, Total share -4%.

  • Malaysia – Total annual import revenue of 2023 – 5.8 billion US dollars, Total share -3%.

  • South Korea – Total annual import revenue of 2023 – 4.4 billion US dollars, Total share -3%.

  • Germany – Total annual import revenue of 2023 – 4 billion US dollars, Total share -2%.

  • Australia – Total annual import revenue of 2023 – 3 billion US dollars, Total share -2%.

  • India – Total annual import revenue of 2023 – 2 billion US dollars, Total share -1%.

Top 10 Exported Products of 2023

The Indonesia Export Data showcases that the manufacturing industries are increasing their production rate to emerge as global export traders. The top products that the country used to export to different nations with its trade value of 2023 are mentioned below,

  • Palm oil (HS code - 15) – Export Trade Value of 2023 – 21 billion US dollars.

  • Coal (HS code - 27) – Export Trade Value of 2023 – 16 billion US dollars.

  • Natural gas (HS code - 27) – Export Trade Value of 2023 – 10 billion US dollars.

  • Petroleum (HS code - 27) – Export Trade Value of 2023 – 8 billion US dollars.

  • Textiles and apparel (HS code - 62) – Export Trade Value of 2023 – 6 billion US dollars.

  • Plywood (HS code - 44) – Export Trade Value of 2023 – 5 billion US dollars.

  • Electronics (HS code - 96) – Export Trade Value of 2023 – 5 billion US dollars.

  • Rubber (HS code - 65) – Export Trade Value of 2023 – 4 billion US dollars.

  • Coconut oil (HS code - 15) – Export Trade Value of 2023 – 3 billion US dollars.

  • Coffee (HS code - 09) – Export Trade Value of 2023 – 2 billion US dollars.

Top 10 Export Destinations of 2023

As per the Indonesia Trade Data, the export trade destinations of the country fuel the economic growth to a greater extent. The top 10 export destinations of the nations with their annual export revenue and share are discussed below,

  • China – Total annual export revenue of 2023 – 60 billion US dollars, Total share – 20%.

  • United States – Total annual export revenue of 2023 – 40 billion US dollars, Total share – 11%.

  • Japan – Total annual export revenue of 2023 – 30 billion US dollars, Total share – 9%.

  • India – Total annual export revenue of 2023 – 25 billion US dollars, Total share – 7%.

  • Singapore – Total annual export revenue of 2023 – 24 billion US dollars, Total share – 6%.

  • South Korea – Total annual export revenue of 2023 – 20 billion US dollars, Total share – 5%.

  • Malaysia – Total annual export revenue of 2023 – 16 billion US dollars, Total share – 4%.

  • Thailand – Total annual export revenue of 2023 – 14 billion US dollars, Total share – 3%.

  • Australia – Total annual export revenue of 2023 – 12 billion US dollars, Total share – 2%.

  • Vietnam – Total annual export revenue of 2023 – 8 billion US dollars, Total share – 1%.

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