2022
Exports
$107MWorld Rnk 3 / 168
Flag Rnk 257 / 1194
2022
PRODUCT COMPLEXITY IN String Instruments
0.51Rnk 362 / 1025
2022
Imports
$6.3MWorld Rnk 34 / 209
Flag Rnk 872 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $107M in String Instruments, making it the 3rd largest exporter of String Instruments in the world. At the same year, String Instruments was the 257th most exported product in Indonesia. The main destination of String Instruments exports from Indonesia are: United States ($38.8M), China ($11.9M), Germany ($6.13M), Netherlands ($4.96M), and United Kingdom ($4.11M).

The fastest growing export markets for String Instruments of Indonesia between 2021 and 2022 were South Korea ($621k), Mexico ($447k), and United Kingdom ($362k).

Imports In 2022, Indonesia imported $6.3M in String Instruments, becoming the 34th largest importer of String Instruments in the world. At the same year, String Instruments was the 872nd most imported product in Indonesia. Indonesia imports String Instruments primarily from: China ($3.27M), United States ($967k), Singapore ($953k), Mexico ($801k), and Japan ($71.8k).

The fastest growing import markets in String Instruments for Indonesia between 2021 and 2022 were China ($1.23M), United States ($362k), and Mexico ($331k).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (12) were at the forefront of shipping String Instruments from Indonesia to the United States.

Latest Trends

Jul 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 String Instruments. 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)$107M
IMPORTS (2022)$6.3M
NET TRADE (2022)$101M

In 2022, Indonesia exported $107M in String Instruments. The main destinations of Indonesia exports on String Instruments were United States ($38.8M), China ($11.9M), Germany ($6.13M), Netherlands ($4.96M), and United Kingdom ($4.11M).

In 2022, Indonesia imported $6.3M in String Instruments, mainly from China ($3.27M), United States ($967k), Singapore ($953k), Mexico ($801k), and Japan ($71.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
South Korea$621k (22.1%)
Mexico$447k (36.1%)
United Kingdom$362k (9.64%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Indonesia WERE (2021 - 2022):
Russia-$4.21M (-67.7%)
France-$2.2M (-40.8%)
Japan-$2.14M (-38.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in String Instruments were:
In 2022, Indonesia's main importing competitors in String Instruments were:

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $1.56M
TOP IMPORT POTENTIALChina+ $1.05M

String Instruments’s highest export potential is Japan. With an export gap of $1.56M.   String Instruments’s highest import potential is China with an import gap of $1.05M.

See methodology.

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