2023
Exports
$729MWorld Rnk 44 / 225
Flag Rnk 48 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$1.22BWorld Rnk 60 / 226
Flag Rnk 34 / 96
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $729M in Pharmaceutical products, making it the 44th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 48th most exported product in Indonesia. The main destination of Pharmaceutical products exports from Indonesia are: Philippines ($126M), India ($95.2M), Japan ($66.9M), South Korea ($54.7M), and Nigeria ($45.1M).

The fastest growing export markets for Pharmaceutical products of Indonesia between 2022 and 2023 were South Korea ($27.4M), United States ($21.4M), and Pakistan ($12.8M).

Imports In 2023, Indonesia imported $1.22B in Pharmaceutical products, becoming the 60th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 34th most imported product in Indonesia. Indonesia imports Pharmaceutical products primarily from: United States ($216M), Germany ($149M), India ($103M), France ($90M), and China ($80.3M).

The fastest growing import markets in Pharmaceutical products for Indonesia between 2022 and 2023 were Germany ($18.7M), Slovenia ($5.49M), and Sweden ($3.18M).

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 Pharmaceutical products. 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)$729M
IMPORTS (2023)$1.22B
NET TRADE (2023)-$494M

In 2023, Indonesia exported $729M in Pharmaceutical products. The main destinations of Indonesia exports on Pharmaceutical products were Philippines ($126M), India ($95.2M), Japan ($66.9M), South Korea ($54.7M), and Nigeria ($45.1M).

In 2023, Indonesia imported $1.22B in Pharmaceutical products, mainly from United States ($216M), Germany ($149M), India ($103M), France ($90M), and China ($80.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
South Korea$27.4M (100%)
United States$21.4M (1.55k%)
Pakistan$12.8M (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Indonesia WERE (2022 - 2023):
Singapore-$9.38M (-25.2%)
Malaysia-$8.26M (-25%)
Vietnam-$6.32M (-27.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $40.9M
TOP IMPORT POTENTIALUnited States+ $133M

Pharmaceutical products’s highest export potential is Japan. With an export gap of $40.9M.   Pharmaceutical products’s highest import potential is United States with an import gap of $133M.

See methodology.

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