India / Indonesia

Overview In January 2024, India exported $389M and imported $2.07B from Indonesia, resulting in a negative trade balance of $1.68B. Between January 2023 and January 2024 the exports of India have decreased by $-439M (-53%) from $828M to $389M, while imports increased by $485M (30.6%) from $1.58B to $2.07B.

Trade In January 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 January 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 January 2024, the decrease in India's year-by-year exports to Indonesia was explained primarily by an decrease in product exports in Sugar ($-83.7M or -70.6%), Organic Chemicals ($-28.6M or -85%), and Iron And Steel ($-12.6M or -26.6%). In January 2024, the increase in India's year-by-year imports  from Indonesia was explained primarily by an increase in product imports  in Vegetable Oils ($286M or 114%), Coal,Coke And Briquittes Etc ($154M or 48.9%), and Inorganic Chemicals ($36.7M or 4.97k%).