2023
Exports
$14.8BWorld Rnk 1 / 126
Flag Rnk 3 / 1192
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$1.66BWorld Rnk 7 / 171
Flag Rnk 19 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $14.8B in Ferroalloys, making it the 1st largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 3rd most exported product in Indonesia. The main destination of Ferroalloys exports from Indonesia are: China ($14.4B), India ($200M), South Korea ($91.5M), Chinese Taipei ($56.2M), and Philippines ($3.64M).

The fastest growing export markets for Ferroalloys of Indonesia between 2022 and 2023 were China ($1.58B), Philippines ($2.83M), and Libya ($1.43M).

Imports In 2023, Indonesia imported $1.66B in Ferroalloys, becoming the 7th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 19th most imported product in Indonesia. Indonesia imports Ferroalloys primarily from: South Africa ($907M), China ($194M), India ($158M), South Korea ($114M), and Kazakhstan ($81.2M).

The fastest growing import markets in Ferroalloys for Indonesia between 2022 and 2023 were Thailand ($48.4M), Zimbabwe ($35.6M), and Finland ($30.6M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Ferroalloys. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$14.8B
IMPORTS (2023)$1.66B
NET TRADE (2023)$13.1B

In 2023, Indonesia exported $14.8B in Ferroalloys. The main destinations of Indonesia exports on Ferroalloys were China ($14.4B), India ($200M), South Korea ($91.5M), Chinese Taipei ($56.2M), and Philippines ($3.64M).

In 2023, Indonesia imported $1.66B in Ferroalloys, mainly from South Africa ($907M), China ($194M), India ($158M), South Korea ($114M), and Kazakhstan ($81.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
China$1.58B (12.3%)
Philippines$2.83M (353%)
Libya$1.43M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Indonesia WERE (2022 - 2023):
India-$137M (-40.6%)
Chinese Taipei-$97.6M (-63.5%)
South Korea-$31.7M (-25.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Ferroalloys were:
In 2023, Indonesia's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $175M
TOP IMPORT POTENTIALIndia+ $63.9M

Ferroalloys’s highest export potential is India. With an export gap of $175M.   Ferroalloys’s highest import potential is India with an import gap of $63.9M.

See methodology.

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