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2023
Flag → Flag
Exports $7.25BRnk 17 / 220
2023
Flag → Flag
Top Product $922MRefined Petroleum
2023
Flag → Flag
Exports $24BRnk 3 / 213
2023
Flag → Flag
Top Product $9.4BCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

India-Indonesia Trade: In 2023, India exported $7.25B to Indonesia. The main products that India exported to Indonesia were Refined Petroleum ($922M), Delivery Trucks ($534M), and Special Purpose Ships ($505M). Over the past 5 years the exports of India to Indonesia have increased at an annualized rate of 6.92%, from $5.18B in 2018 to $7.25B in 2023.

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

Indonesia-India Trade: In 2023, Indonesia exported $24B to India. The main products that Indonesia exported to India were Coal Briquettes ($9.4B), Palm Oil ($4.86B), and Stainless Steel Ingots ($1.34B). Over the past 5 years the exports of Indonesia to India have increased at an annualized rate of 8.35%,  from $16.1B in 2018 to $24B in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $415M and imported $2.05B from Indonesia, resulting in a negative trade balance of $1.63B. Between November 2023 and November 2024 the exports of India have increased by $66.8M (19.2%) from $348M to $415M, while imports decreased by $-143M (-6.55%) from $2.19B to $2.05B.

Trade In November 2024, the top exports of India to Indonesia were Petroleum Products ($374M), Motor Vehicle/Cars ($60.7M), Paper, Paper Board And Product ($38.7M), Sugar ($34.9M), and Iron And Steel ($34.6M). In November 2024 the top imports of India from Indonesia were Vegetable Oils ($536M), Coal,Coke And Briquittes Etc ($470M), Iron And Steel ($118M), Inorganic Chemicals ($37.5M), and Bulk Minerals And Ores ($35.8M).

Growth In November 2024, the increase in India's year-by-year exports to Indonesia was explained primarily by an increase in product exports in Petroleum Products ($278M or 288%), Motor Vehicle/Cars ($37.2M or 158%), and Paper, Paper Board And Product ($34.9M or 932%). In November 2024, the decrease in India's year-by-year imports  from Indonesia was explained primarily by an decrease in product imports  in Iron And Steel ($-65.7M or -35.7%), Processed Minerals ($-36.2M or -76.7%), and Bulk Minerals And Ores ($-23.5M or -39.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$66.8M(19.2%)
IMPORT GROWTH (November 2023 - November 2024)$-143M(-6.55%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Indonesia and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $7.25B to Indonesia. The main products exported from India to Indonesia were Refined Petroleum ($922M), Delivery Trucks ($534M), and Special Purpose Ships ($505M). During the last 5 years the exports of India to Indonesia have increased at an annualized rate of 6.92%, from $5.18B in 2018 to $7.25B in 2023.

In 2018, Indonesia exported $24B to India. The main products exported from Indonesia to India were Coal Briquettes ($9.4B), Palm Oil ($4.86B), and Stainless Steel Ingots ($1.34B). During the last 5 years the exports of Indonesia to India have increased at an annualized rate of 8.35%, from $16.1B in 2023 to $24B in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from India than Indonesia included United States ($85.5B), United Arab Emirates ($28.8B), and United Kingdom ($14.4B).

In 2023, countries that imported more from Indonesia than India included China ($70.7B), Japan ($23.7B), and Philippines ($11.4B).

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

Comparative Advantage India - Indonesia

Flow
Scale

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

During 2023, India had a large net trade with Indonesia in the exports of Transportation ($1.57B), Mineral Products ($1.2B), and Chemical Products ($967M).

During 2018, Indonesia had a large net trade with India in the exports of Mineral Products ($10.7B), Animal and Vegetable Bi-Products ($5.34B), and Metals ($2.24B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Indonesia+$1.41BRefined Petroleum
Top Product Potential Indonesia India+$222MPetroleum Gas

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 India and Indonesia. This means that a dot/product with the flag of India indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over India.

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

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