2022
Exports
$1.81BWorld Rnk 33 / 226
Flag Rnk 29 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$5.67BWorld Rnk 19 / 225
Flag Rnk 8 / 96
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $1.81B in Iron or steel articles, making it the 33rd largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 29th most exported product in Indonesia. The main destination of Iron or steel articles exports from Indonesia are: Singapore ($230M), United States ($160M), Chinese Taipei ($132M), Australia ($128M), and Japan ($122M).

The fastest growing export markets for Iron or steel articles of Indonesia between 2021 and 2022 were Chinese Taipei ($60.3M), United Kingdom ($49.8M), and Qatar ($42.6M).

Imports In 2022, Indonesia imported $5.67B in Iron or steel articles, becoming the 19th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 8th most imported product in Indonesia. Indonesia imports Iron or steel articles primarily from: China ($3.29B), Germany ($444M), Japan ($424M), Singapore ($400M), and South Korea ($229M).

The fastest growing import markets in Iron or steel articles for Indonesia between 2021 and 2022 were China ($920M), Germany ($376M), and Japan ($51M).

COMPANIES In 2023, leading companies such as REI (Recreational Equipment Incorporated) (50), SIGMA Corp (12), and QVC Inc (6) were at the forefront of shipping Iron or steel articles from Indonesia to the United States.

Latest Trends

Oct 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 or steel articles. 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)$1.81B
IMPORTS (2022)$5.67B
NET TRADE (2022)-$3.87B

In 2022, Indonesia exported $1.81B in Iron or steel articles. The main destinations of Indonesia exports on Iron or steel articles were Singapore ($230M), United States ($160M), Chinese Taipei ($132M), Australia ($128M), and Japan ($122M).

In 2022, Indonesia imported $5.67B in Iron or steel articles, mainly from China ($3.29B), Germany ($444M), Japan ($424M), Singapore ($400M), and South Korea ($229M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
Chinese Taipei$60.3M (84.5%)
United Kingdom$49.8M (276%)
Qatar$42.6M (75.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Indonesia WERE (2021 - 2022):
Australia-$84M (-39.7%)
India-$27.8M (-40.5%)
Netherlands-$27.5M (-70.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Indonesia's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $111M
TOP IMPORT POTENTIALChina+ $436M

Iron or steel articles’s highest export potential is United States. With an export gap of $111M.   Iron or steel articles’s highest import potential is China with an import gap of $436M.

See methodology.

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