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2022
ExportsfalseWorld Rnk 36 / 82
Flag Rnk 3095 / 4315
2021 - 2022
FASTEST GROWING MARKET $6.66kPhilippines
2022
Origin $2.06M China
2021 - 2022
FASTEST GROWING ORIGIN $2.06MChina
2022
ECONOMIC COMPLEXITY of Indonesia-0.012Rnk 67 / 133

About

The fastest growing export markets for Formic acid of Indonesia between 2021 and 2022 were Philippines ($6.66k), Egypt ($469), and Netherlands ($340).

The fastest growing import markets in Formic acid for Indonesia between 2021 and 2022 were China ($2.06M), Germany ($502k), and Japan ($15.6k).

COMPANIES In 2023, leading companies such as Old Navy (5.97k), Gap (2.13k), and Hankook Tires (2.04k) were at the forefront of shipping Formic acid from Indonesia to the United States.

Latest Trends

Jul 2024

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 Formic acid. 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 (2022)$162k

In N/A, Indonesia imported N/A in Formic acid, mainly from China ($3.66M), Germany ($561k), Japan ($46.3k), Vietnam ($13.7k), and Malaysia ($9.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Formic acid EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
Philippines$6.66k (1%)
Egypt$469 (1%)
Netherlands$340 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Formic acid BY Indonesia WERE (2021 - 2022):
India-$370k (-79.5%)
Bangladesh-$146k (-100%)
Malaysia-$132k (-69%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Formic acid were:
China $208M
Germany $104M
Finland $38.6M
In 2022, Indonesia's main importing competitors in Formic acid were:
Netherlands $50.3M
Brazil $30.1M
Italy $29.7M

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Trade Value of Formic acid by Exporters

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