2023
Exports
$9.37MWorld Rnk 13 / 107
Flag Rnk 571 / 1192
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$3.19MWorld Rnk 33 / 175
Flag Rnk 927 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $9.37M in Iron Ingots, making it the 13th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 571st most exported product in Indonesia. The main destination of Iron Ingots exports from Indonesia are: El Salvador ($9.19M), Singapore ($136k), Romania ($30.1k), Vietnam ($4.48k), and India ($2.43k).

The fastest growing export markets for Iron Ingots of Indonesia between 2022 and 2023 were Singapore ($78.6k), Romania ($9.49k), and Vietnam ($4.48k).

Imports In 2023, Indonesia imported $3.19M in Iron Ingots, becoming the 33rd largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 927th most imported product in Indonesia. Indonesia imports Iron Ingots primarily from: Singapore ($2.43M), China ($284k), Chinese Taipei ($150k), India ($136k), and South Korea ($113k).

The fastest growing import markets in Iron Ingots for Indonesia between 2022 and 2023 were India ($136k), Netherlands ($14.4k), and Japan ($10.2k).

Latest Trends

Dec 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 Iron Ingots. 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)$9.37M
IMPORTS (2023)$3.19M
NET TRADE (2023)$6.18M

In 2023, Indonesia exported $9.37M in Iron Ingots. The main destinations of Indonesia exports on Iron Ingots were El Salvador ($9.19M), Singapore ($136k), Romania ($30.1k), Vietnam ($4.48k), and India ($2.43k).

In 2023, Indonesia imported $3.19M in Iron Ingots, mainly from Singapore ($2.43M), China ($284k), Chinese Taipei ($150k), India ($136k), and South Korea ($113k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Singapore$78.6k (136%)
Romania$9.49k (46%)
Vietnam$4.48k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Indonesia WERE (2022 - 2023):
Guatemala-$20.4M (-100%)
El Salvador-$665k (-6.74%)
Malaysia-$18.1k (-96.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Indonesia's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $107k
TOP IMPORT POTENTIALChina+ $529k

Iron Ingots’s highest export potential is Singapore. With an export gap of $107k.   Iron Ingots’s highest import potential is China with an import gap of $529k.

See methodology.

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