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

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more