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2023
Flag → Flag
Exports $2.86BRnk 21 / 213
2023
Flag → Flag
Top Product $732MPalm Oil
2023
Flag → Flag
Exports $1.79BRnk 55 / 219
2023
Flag → Flag
Top Product $105MGas Turbines
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
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GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Indonesia-Italy Trade: In 2023, Indonesia exported $2.86B to Italy. The main products that Indonesia exported to Italy were Palm Oil ($732M), Stearic Acid ($377M), and Coal Briquettes ($348M). Over the past 5 years the exports of Indonesia to Italy have increased at an annualized rate of 6.15%, from $2.13B in 2018 to $2.86B in 2023.

In 2023, Indonesia did not export any services to Italy.

Italy-Indonesia Trade: In 2023, Italy exported $1.79B to Indonesia. The main products that Italy exported to Indonesia were Gas Turbines ($105M), Valves ($71.8M), and Washing and Bottling Machines ($71.6M). Over the past 5 years the exports of Italy to Indonesia have increased at an annualized rate of 0.24%,  from $1.75B in 2018 to $1.79B in 2023.

In 2020, Italy exported services to Indonesia worth $98.9M, with Transportation ($48.5M), Travel ($12.8M), and Other business services ($11.4M) being the largest in terms of value.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Indonesia exported $2.86B to Italy. The main products exported from Indonesia to Italy were Palm Oil ($732M), Stearic Acid ($377M), and Coal Briquettes ($348M). During the last 5 years the exports of Indonesia to Italy have increased at an annualized rate of 6.15%, from $2.13B in 2018 to $2.86B in 2023.

In 2018, Italy exported $1.79B to Indonesia. The main products exported from Italy to Indonesia were Gas Turbines ($105M), Valves ($71.8M), and Washing and Bottling Machines ($71.6M). During the last 5 years the exports of Italy to Indonesia have increased at an annualized rate of 0.24%, from $1.75B in 2023 to $1.79B in 2018.

Exports from Indonesia (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to Indonesia (Flag) (2023)

Latest Data

Trade between Indonesia (Flag) and Italy (Flag)

Indonesia Exports

Italy Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Italy
Top DestinationGermany$71.4B

This map shows whether countries import more from Indonesia or Italy. Each country is colored based on the difference in imports they receive from Indonesia and Italy or the difference in the growth in imports.

In 2023, countries that imported more from Indonesia than Italy included China ($70.7B), India ($24B), and Japan ($23.7B).

In 2023, countries that imported more from Italy than Indonesia included Germany ($71.4B), France ($61.1B), and United States ($70.9B).

Difference in imports from Italy (Flag) and Indonesia (Flag) (2023)

Comparative Advantage Indonesia - Italy

Flow
Scale

This chart compares trade between Indonesia and Italy by product, considering products traded by both, Indonesia and Italy.

During 2023, Indonesia had a large net trade with Italy in the exports of Animal and Vegetable Bi-Products ($1.25B), Mineral Products ($351M), and Foodstuffs ($233M).

During 2018, Italy had a large net trade with Indonesia in the exports of Machines ($940M), Metals ($143M), and Chemical Products ($136M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Italy+$177MCoal Briquettes
Top Product Potential Italy Indonesia+$31.6MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Italy exported services to Indonesia worth $98.9M, with Transportation ($48.5M), Travel ($12.8M), and Other business services ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Indonesia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Indonesia and Italy. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Indonesia.

Product Space of Indonesia (Flag) and Italy (Flag) (2023)

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