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2022
Flag → Flag
Exports $4.05BRnk 12 / 217
2022
Flag → Flag
Top Product $3.23BRefined Petroleum
2022
Flag → Flag
Exports $15BRnk 4 / 216
2022
Flag → Flag
Top Product $11.7BCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
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GDP PC$4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

India-Indonesia Trade: In 2022, India exported $4.05B to Indonesia. The main products that India exported to Indonesia were Refined Petroleum ($3.23B), Raw Sugar ($737M), and Frozen Bovine Meat ($333M). Over the past 5 years the exports of India to Indonesia have increased at an annualized rate of 42.6%, from $687M in 2017 to $4.05B in 2022.

In 2022, India did not export any services to Indonesia.

Indonesia-India Trade: In 2022, Indonesia exported $15B to India. The main products that Indonesia exported to India were Coal Briquettes ($11.7B), Palm Oil ($5.4B), and Copper Ore ($890M). Over the past 5 years the exports of Indonesia to India have increased at an annualized rate of 94.5%,  from $539M in 2017 to $15B in 2022.

In 2022, Indonesia did not export any services to India.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Latest Trends

April, 2024

About

Overview In April 2024, India exported $363M and imported $1.88B from Indonesia, resulting in a negative trade balance of $1.51B. Between April 2023 and April 2024 the exports of India have decreased by $-285M (-44%) from $648M to $363M, while imports increased by $116M (6.59%) from $1.76B to $1.88B.

Trade In April 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 April 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 April 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 April 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%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)$-285M(-44%)
IMPORT GROWTH (April 2023 - April 2024)$116M(6.59%)

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 2022, India exported $4.05B to Indonesia. The main products exported from India to Indonesia were Refined Petroleum ($3.23B), Raw Sugar ($737M), and Frozen Bovine Meat ($333M). During the last 5 years the exports of India to Indonesia have increased at an annualized rate of 42.6%, from $687M in 2017 to $4.05B in 2022.

In 2017, Indonesia exported $15B to India. The main products exported from Indonesia to India were Coal Briquettes ($11.7B), Palm Oil ($5.4B), and Copper Ore ($890M). During the last 22 years the exports of Indonesia to India have increased at an annualized rate of 94.5%, from $539M in 1995 to $15B in 2017.

Exports from India (Flag) to Indonesia (Flag) (2022)

Exports from Indonesia (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Indonesia
Top DestinationChina$67.7B

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 2022, countries that imported more from India than Indonesia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Indonesia than India included China ($67.7B), Japan ($26.6B), and Philippines ($13.6B).

Difference in imports from Indonesia (Flag) and India (Flag) (2022)

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 2022, India had a large net trade with Indonesia in the exports of Mineral Products ($3.39B), Chemical Products ($1.05B), and Transportation ($1.03B).

During 2017, Indonesia had a large net trade with India in the exports of Mineral Products ($13B), Animal and Vegetable Bi-Products ($6B), and Metals ($1.83B).

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) (2022)

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