Indonesia Import Export Report and Analysis

Indonesia is the world’s largest island situated between Indian and the Pacific Ocean. It has become one of the fastest emerging economies in the world. It is the largest economy in the Southeast Asian region. It has become a major trading hub and the Indonesia custom data revealed it an economy worth $1 trillion GDP.

As per Indonesia Import Data, there has been an increase in Indonesian fortune with growing averaging 6% a year due to the increased domestic consumption leading to more import activities. The main imports of Indonesian economy is mineral fuels including oil, machinery including computers, electrical equipments, iron and steel, plastic articles, vehicles, organic chemicals, food industry waste, animal fodder etc. Articles made out of iron and steel are the most imported products as their imports increase by 55.6% between 2017 and 2018. Total imports of Indonesia recorded 16.2 USD in the year 2021.

A comprehensive well-managed Indonesia importers database spreads the light on its major import origins that are China, Singapore, Japan, Malaysia and Thailand.

As per Indonesia Export Data, exports of the country reached a record high of $231.54 billion. The major exports are oil, gas, minerals, crude palm oil, electrical appliances and rubber products. The country’s exports of goods and services as a proportion of GDP is relatively low.

The main export partners of Indonesia are China, United States, Japan, India and Singapore. Every year the country exports approximately US$ 382 million fake hair to countries all across the globe. The amount accounts for 11% market share all across the globe.

Good trade ties between India and Indonesian products like coffee, animal and vegetables oils are slag, minerals fuels etc. With 54% market share and US$ 26.4 billion of annual export, the country is definitely the largest producer and exporter of palm oil in the world.

Indonesia is the 2nd largest exporter of coal briquettes in the world with an annual output of US $ 11.9 billion and the market share of 18%. Globally Indonesia is ranked the 7th largest exporter of petroleum with 4.9% market share with an annual report of US$ 127 billion.

The third largest export commodity is copper ore. Because of the Grasberg Mine located in Papua, Indonesia has the 2nd largest copper mine and the largest gold mine. The country ranks the 9th largest gold producer in the world, and accounts for 4% of the gold production globally.