2023
Exports
$63MWorld Rnk 7 / 172
Flag Rnk 316 / 1192
2023
PRODUCT COMPLEXITY IN Musical Instrument Parts
1.24Rnk 97 / 1025
2023
Imports
$117MWorld Rnk 5 / 206
Flag Rnk 304 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $63M in Musical Instrument Parts, making it the 7th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 316th most exported product in Indonesia. The main destination of Musical Instrument Parts exports from Indonesia are: Japan ($35M), China ($9.38M), Germany ($3.77M), United States ($2.85M), and Malaysia ($2.16M).

The fastest growing export markets for Musical Instrument Parts of Indonesia between 2022 and 2023 were Germany ($684k), United Kingdom ($335k), and Malaysia ($109k).

Imports In 2023, Indonesia imported $117M in Musical Instrument Parts, becoming the 5th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 304th most imported product in Indonesia. Indonesia imports Musical Instrument Parts primarily from: China ($41.8M), Japan ($32.1M), South Korea ($23.5M), United States ($10.1M), and Hong Kong ($3.63M).

The fastest growing import markets in Musical Instrument Parts for Indonesia between 2022 and 2023 were Austria ($213k), Chinese Taipei ($150k), and Italy ($146k).

COMPANIES In 2024, leading companies such as YAMAHA CORPORATION OF AMERICA (13) were at the forefront of shipping Musical Instrument Parts from Indonesia to the United States.

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 Musical Instrument Parts. 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)$63M
IMPORTS (2023)$117M
NET TRADE (2023)-$53.8M

In 2023, Indonesia exported $63M in Musical Instrument Parts. The main destinations of Indonesia exports on Musical Instrument Parts were Japan ($35M), China ($9.38M), Germany ($3.77M), United States ($2.85M), and Malaysia ($2.16M).

In 2023, Indonesia imported $117M in Musical Instrument Parts, mainly from China ($41.8M), Japan ($32.1M), South Korea ($23.5M), United States ($10.1M), and Hong Kong ($3.63M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Germany$684k (22.2%)
United Kingdom$335k (72.9%)
Malaysia$109k (5.33%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Indonesia WERE (2022 - 2023):
Japan-$7.14M (-17%)
China-$5.69M (-37.8%)
United States-$2.05M (-41.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Musical Instrument Parts were:
In 2023, Indonesia's main importing competitors in Musical Instrument Parts were:

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $3.34M
TOP IMPORT POTENTIALUnited States+ $1.88M

Musical Instrument Parts’s highest export potential is China. With an export gap of $3.34M.   Musical Instrument Parts’s highest import potential is United States with an import gap of $1.88M.

See methodology.

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