2022
Flag  
GDP
$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH
43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH
30.5%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Indonesia-South Korea Trade: In 2022, Indonesia exported $15.6B to South Korea. The main products that Indonesia exported to South Korea were Coal Briquettes ($4.41B), Petroleum Gas ($2.44B), and Copper Ore ($1.49B). Over the past 5 years the exports of Indonesia to South Korea have increased at an annualized rate of 11.5%, from $9.04B in 2017 to $15.6B in 2022.

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

South Korea-Indonesia Trade: 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). Over the past 5 years the exports of South Korea to Indonesia have increased at an annualized rate of 4.83%,  from $8.2B in 2017 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 -0.012), and 26 in total exports ($320B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Indonesia to South Korea have increased at an annualized rate of 11.5%, from $9.04B in 2017 to $15.6B in 2022.

In 2017, 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 5 years the exports of South Korea to Indonesia have increased at an annualized rate of 4.83%, from $8.2B in 2022 to $10.4B in 2017.

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

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

Latest Data

Trade between Indonesia (Flag) and South Korea (Flag)

Indonesia Exports

South Korea Exports

Market Competitiveness

Color
Indonesia
Top Destination
China$67.7B
South Korea
Top Destination
China$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 2022, countries that imported more from Indonesia than South Korea included India ($25.3B), Malaysia ($15.6B), and Pakistan ($4.55B).

In 2022, countries that imported more from South Korea than Indonesia included China ($150B), United States ($112B), and Vietnam ($60.7B).

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

Comparative Advantage Indonesia - South Korea

Flow
Scale

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 2017, South Korea had a large net trade with Indonesia in the exports of Machines ($2.32B), Mineral Products ($1.81B), and Metals ($1.7B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia South Korea+$394MCoal Briquettes
Top Product Potential South Korea Indonesia+$488MRefined Petroleum

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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Economic Complexity

Competitive Landscape

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

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

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