Indonesia (IDN) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Indonesia-South Korea In 2022, Indonesia exported $15.6B to South Korea. The main products that Indonesia exported to South Korea are Coal Briquettes ($4.41B), Petroleum Gas ($2.44B), and Copper Ore ($1.49B). During the last 27 years the exports of Indonesia to South Korea have increased at an annualized rate of 6.03%, from $3.2B in 1995 to $15.6B in 2022.

In 2022, Indonesia did not export any services to South Korea.

South Korea-Indonesia In 2022, South Korea exported $10.4B to Indonesia. The main products that South Korea exported to Indonesia were Refined Petroleum ($1.76B), Integrated Circuits ($540M), and Light Rubberized Knitted Fabric ($312M). During the last 27 years the exports of South Korea to Indonesia have increased at an annualized rate of 4.67%, from $3.03B in 1995 to $10.4B in 2022.

In 2005, South Korea exported services to Indonesia worth $473M, with Transportation ($314M), Other business services ($60.1M), and Services not allocated ($48.7M) being the largest in terms of value.

Comparison In 2022, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.078), and 26 in total exports ($320B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Indonesia exported $15.6B to South Korea. The main products exported from Indonesia to South Korea were Coal Briquettes ($4.41B), Petroleum Gas ($2.44B), and Copper Ore ($1.49B). During the last 27 years the exports of Indonesia to South Korea have increased at an annualized rate of 6.03%, from $3.2B in 1995 to $15.6B in 2022.

In 2022, South Korea exported $10.4B to Indonesia. The main products exported from South Korea to Indonesia were Refined Petroleum ($1.76B), Integrated Circuits ($540M), and Light Rubberized Knitted Fabric ($312M). During the last 27 years the exports of South Korea to Indonesia have increased at an annualized rate of 4.67%, from $3.03B in 1995 to $10.4B in 2022.

Exports from Indonesia () to South Korea () (2022)

Exports from South Korea () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and South Korea ()

Indonesia Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$67.7B

South Korea
Top DestinationChina$150B

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

In 2021, countries that imported more from Indonesia than South Korea were India ($25.3B), Malaysia ($15.6B), and Pakistan ($4.55B).

In 2021, countries that imported more from South Korea than Indonesia were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Indonesia () (2022)

Comparative Advantage Indonesia - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Indonesia had a large net trade with South Korea in the exports of Mineral Products ($8.73B), Metals ($1.07B), and Animal and Vegetable Bi-Products ($879M).

During 2022, South Korea had a large net trade with Indonesia in the exports of Machines ($2.32B), Mineral Products ($1.81B), and Metals ($1.7B).

Service Trade

Bilateral Service Trade

In 2005, South Korea exported services to Indonesia worth $473M, with Transportation ($314M), Other business services ($60.1M), and Services not allocated ($48.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea () to Indonesia () (N/A)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Indonesia has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Indonesia.

About

Historical Data

Bilateral Trade by Products

Exports from Indonesia () to South Korea () (2022)

Exports from South Korea () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and South Korea ()

Indonesia Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Indonesia () (2022)

Comparative Advantage Indonesia - South Korea

Service Trade

Bilateral Service Trade

Services Exports from South Korea () to Indonesia () (N/A)

Economic Complexity

Competitive Landscape

Product Space of Indonesia () and South Korea () (2022)

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