2023
Exports
$158MWorld Rnk 27 / 136
Flag Rnk 202 / 1192
2023
PRODUCT COMPLEXITY IN Silver
-0.85Rnk 794 / 1025
2023
Imports
$24.8MWorld Rnk 38 / 179
Flag Rnk 617 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $158M in Silver, making it the 27th largest exporter of Silver in the world. At the same year, Silver was the 202nd most exported product in Indonesia. The main destination of Silver exports from Indonesia are: India ($67.9M), Singapore ($36.4M), Hong Kong ($28.9M), Switzerland ($13.6M), and Australia ($5.67M).

The fastest growing export markets for Silver of Indonesia between 2022 and 2023 were India ($44.2M), Switzerland ($7.16M), and United Arab Emirates ($3.26M).

Imports In 2023, Indonesia imported $24.8M in Silver, becoming the 38th largest importer of Silver in the world. At the same year, Silver was the 617th most imported product in Indonesia. Indonesia imports Silver primarily from: Japan ($13.2M), South Korea ($5.44M), Thailand ($2.52M), Germany ($906k), and Singapore ($650k).

The fastest growing import markets in Silver for Indonesia between 2022 and 2023 were South Korea ($1.17M), China ($415k), and Turkey ($38.1k).

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 Silver. 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)$158M
IMPORTS (2023)$24.8M
NET TRADE (2023)$133M

In 2023, Indonesia exported $158M in Silver. The main destinations of Indonesia exports on Silver were India ($67.9M), Singapore ($36.4M), Hong Kong ($28.9M), Switzerland ($13.6M), and Australia ($5.67M).

In 2023, Indonesia imported $24.8M in Silver, mainly from Japan ($13.2M), South Korea ($5.44M), Thailand ($2.52M), Germany ($906k), and Singapore ($650k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
India$44.2M (187%)
Switzerland$7.16M (112%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Indonesia WERE (2022 - 2023):
Hong Kong-$5.44M (-15.8%)
United States-$1.7M (-81.8%)
Czechia-$96.9k (-42.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $10.9M
TOP IMPORT POTENTIALSouth Korea+ $2.78M

Silver’s highest export potential is India. With an export gap of $10.9M.   Silver’s highest import potential is South Korea with an import gap of $2.78M.

See methodology.

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