Petrochemicals Export of Indonesia: The Comprehensive Trade Analysis

Petrochemicals are the products derived from petroleum and natural gas. This specific commodity is right now one of the leading global exports because of its role as a foundation of the modern industry. It not only supports agriculture but also enables healthcare via its versatile nature. Indonesia, right now, has recorded a 5.86% increase in its petrochemical exports via significant investment in the chemical industry. Indonesia Import Data says that the abundant crude oil and natural gas reserves, along with the availability of associated gases as feedstocks, have been benefiting the petrochemical exports of Indonesia.

The closer proximity of the nation to top demand markets like China, India, and Japan, along with the lower labor cost, has resulted in an export rate value of petrochemicals worth 6 billion US dollars in 2024. The significant increase in the heavy aromatics export capacity and the energy subsidies, maintaining the lower input costs, are considered beneficial for the hike in the revenue rate. Subscribe to Import Globals, the Indonesia import-export trade provider, to stay updated with the latest information regarding the petrochemicals export of Indonesia via the Indonesia trade data.

WHY ARE PETROCHEMICALS AMONG THE TOP GLOBALLY TRADED COMMODITIES?

Petrochemicals right now are a top choice of different traders because of their versatile applications, including the use and production of plastic, synthetic fibers, and fertilizers. The commodity has been supporting multiple industries, including automotive, electronics, and agriculture. It has also been serving as a backbone of manufacturing and daily life via essential roles in the production of polyethylene, polystyrene, and other indispensable materials for packaging.

The intermediates are a top choice for thousands of other industries. It has recorded a rise in global demand, influenced by the growing urbanization and industrialization. The large-scale production and top trading hubs like the Middle East, India, and China have been fueling the overall trade of petrochemicals.The economic diversification and the steady revenue stream have positioned this commodity as an economic linkage within the top trade authorities, driving the global trade valuation.

THE LEADING VARIANTS OF PETROCHEMICALS EXPORTED FROM INDONESIA

Indonesia, to maintain compatibility as per the global demands, has introduced diversification in the export portfolio. According to the Indonesia Export Data, the top 10 leading variants of petrochemicals exported from Indonesia in 2024 are,

  • Polyethylene (PE) — The annual valuation of Polyethylene (PE) exported from Indonesia in 2024–1.4 billion US dollars
  • Polypropylene (PP) — The annual valuation of Polypropylene (PP) exported from Indonesia in 2024–987 million US dollars
  • Polyvinyl Chloride (PVC) — The annual valuation of Polyvinyl Chloride (PVC) exported from Indonesia in 2024–854 million US dollars
  • Polystyrene (PS) — The annual valuation of Polystyrene (PS) exported from Indonesia in 2024–745 million US dollars
  • Acrylonitrile Butadiene Styrene (ABS) — The annual valuation of Acrylonitrile Butadiene Styrene (ABS) exported from Indonesia in 2024–689 million US dollars
  • Ethylene Glycol (EG) — The annual valuation of Ethylene Glycol (EG) exported from Indonesia in 2024–587 million US dollars
  • Methanol — The annual valuation of Methanol exported from Indonesia in 2024–498 million US dollars
  • Benzene — The annual valuation of Benzene exported from Indonesia in 2024–376 million US dollars
  • Toluene — The annual valuation of Toluene exported from Indonesia in 2024–287 million US dollars
  • Xylene — The annual valuation of Xylene exported from Indonesia in 2024–264 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF INDONESIA IN 2024

The closer geographical proximity of the nation to the topmost trading hubs and the tariff strategies adopted for active foreign trade attraction have strengthened the bilateral relationships. As per the Indonesia Customs Data, the top 10 export trade partners of the nation for petrochemicals export in 2024 are,

  • China — The annual valuation of petrochemicals exported from Indonesia to China in 2024–1.67 billion US dollars

Top 5 variants of petrochemicals exported

1. Ethylene

2. Propylene

3. Butadiene

4. Isobutylene

5. Benzene

  • United States- The annual valuation of petrochemicals exported from Indonesia to the United States in 2024–965 million US dollars

Top 5 variants of petrochemicals exported

1. Toluene

2. Xylene

3. Styrene

4. Ethylene oxide

5. Ethylene glycol

  • Japan- The annual valuation of petrochemicals exported from Indonesia to Japan in 2024–876 million US dollars

Top 5 variants of petrochemicals exported

1. Propylene oxide

2. Polyethylene (PE)

3. Polypropylene (PP)

4. Polyvinyl chloride (PVC)

5. Polystyrene (PS)

  • India- The annual valuation of petrochemicals exported from Indonesia to India in 2024–749 million US dollars

Top 5 variants of petrochemicals exported

1. Acrylonitrile

2. Acrylonitrile Butadiene Styrene (ABS)

3. Methanol

4. Formaldehyde

5. Acetone

  • Singapore- The annual valuation of petrochemicals exported from Indonesia to Singapore in 2024–678 million US dollars

Top 5 variants of petrochemicals exported

1. Butanol

2. Isopropanol

3. Butanone (Methyl ethyl ketone)

4. Phenol

5. Aniline

  • South Korea- The annual valuation of petrochemicals exported from Indonesia to South Korea in 2024–598 million US dollars

Top 5 variants of petrochemicals exported

1. Polyurethane (PU)

2. Polyacrylonitrile (PAN)

3. Polyethylene terephthalate

4. Terephthalic acid

5. Dimethyl terephthalate

  • Malaysia- The annual valuation of petrochemicals exported from Indonesia to Malaysia in 2024–478 million US dollars

Top 5 variants of petrochemicals exported

1. Maleic anhydride

2. Phthalic anhydride

3. Cumene

4. Cyclohexane

5. Cyclohexanone

  • Vietnam- The annual valuation of petrochemicals exported from Indonesia to Vietnam in 2024–387 million US dollars

Top 5 variants of petrochemicals exported

1. Adipic acid

2. Urea

3. Ammonia

4. Nitric acid

5. Sulfuric acid

  • Thailand- The annual valuation of petrochemicals exported from Indonesia to Thailand in 2024–276 million US dollars

Top 5 variants of petrochemicals exported

1. Isoprene

2. Chloroprene

3. Epichlorohydrin

4. Glycidol

5. Polyvinyl acetate (PVAc)

  • Philippines — The annual valuation of petrochemicals exported from Indonesia to the Philippines in 2024–187 million US dollars

Top 5 variants of petrochemicals exported

1. Acrylic acid

2. Methyl acrylate

3. Ethyl acrylate

4. Butyl acrylate

5. Methacrylic acid

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