Overview In 2020 Indonesia was the number 16 economy in the world in terms of GDP (current US$), the number 28 in total exports, the number 31 in total imports, the number 121 economy in terms of GDP per capita (current US$) and the number 64 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Indonesia are Palm Oil ($17.9B), Coal Briquettes ($15.6B), Gold ($6.31B), Petroleum Gas ($5.71B), and Ferroalloys ($4.74B), exporting mostly to China ($32.6B), United States ($19.6B), Japan ($14.4B), Singapore ($12.6B), and India ($11B).

In 2020, Indonesia was the world's biggest exporter of Palm Oil ($17.9B), Ferroalloys ($4.74B), Stearic Acid ($3.08B), Lignite ($2.07B), and Coconut Oil ($2.01B)

Imports The top imports of Indonesia are Refined Petroleum ($7.45B), Crude Petroleum ($3.13B), Telephones ($2.95B), Planes, Helicopters, and/or Spacecraft ($2.69B), and Petroleum Gas ($2.42B), importing mostly from China ($40.8B), Singapore ($14.8B), Japan ($9.24B), Thailand ($7.76B), and United States ($7.59B).

In 2020, Indonesia was the world's biggest importer of Steam Turbines ($485M), Steam Boilers ($361M), Military Weapons ($197M), Boiler Plants ($182M), and Human Hair ($58.3M)

Location Indonesia borders Timor-Leste, Malaysia, and Papua New Guinea by land and Australia, India, Palau, Philippines, Singapore, Thailand, Vietnam, and Christmas Island by sea.

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The following section uses the most recent trade data from partners of Indonesia.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Yearly Exports

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Top Export (2020): Palm Oil, $17.9B

Top Destination (2020): China, $32.6B

In 2020, Indonesia exported a total of $178B, making it the number 28 exporter in the world. During the last five reported years the exports of Indonesia have changed by $6.38B from $172B in 2015 to $178B in 2020.

The most recent exports are led by Palm Oil ($17.9B), Coal Briquettes ($15.6B), Gold ($6.31B), Petroleum Gas ($5.71B), and Ferroalloys ($4.74B). The most common destination for the exports of Indonesia are China ($32.6B), United States ($19.6B), Japan ($14.4B), Singapore ($12.6B), and India ($11B).

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Yearly Imports

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Top Import (2020): Refined Petroleum, $7.45B

Top Origin (2020): China, $40.8B

In 2020 Indonesia imported $140B, making it the number 31 trade destination in the world. During the last five reported years the imports of Indonesia changed by -$5.44B from $146B in 2015 to $140B in 2020.

The most recent imports of Indonesia are led by Refined Petroleum ($7.45B), Crude Petroleum ($3.13B), Telephones ($2.95B), Planes, Helicopters, and/or Spacecraft ($2.69B), and Petroleum Gas ($2.42B). The most common import partners for Indonesia are China ($40.8B), Singapore ($14.8B), Japan ($9.24B), Thailand ($7.76B), and United States ($7.59B).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Indonesia Exports Services (2019): $30.9B

Indonesia Imports Services (2019): $38.8B

In 2019, Indonesia exported $30.9B worth of services. The top services exported by Indonesia in 2019 were Personal travel ($11.5B), Other business services ($6.6B), Business travel ($5.38B), Transportation ($3.95B), and Computer and information services ($1.32B).

The top services imported by Indonesia in 2019 were Transportation ($11.6B), Personal travel ($8.71B), Other business services ($8.46B), Computer and information services ($3.13B), and Business travel ($2.61B).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Indonesia are Beer made from malt (756k%)and Alcoholic liqueurs nes (150%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Indonesia are:
1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area
84: Association of Southeast Asian Nations (ASEAN ) Free Trade Area
136: Most Favoured Nation duty rate treatement
184: Preferential tariff for China
239: Preferential tariff for India
246: Preferential tariff for Japan
249: Preferential tariff for Korea, Republic of
284: Preferential tariff for Pakistan

Economic Complexity

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Most Specialized Products by RCA Index

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Indonesia has a high level of specialization in Lignite (62.3), Other Edible Animal Products (55.9), Stainless Steel Ingots (55), Palm Oil (49.4), and Coconut Oil (37). Specialization is measured using RCA, an index that takes the ratio between Indonesia observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Indonesia according to the product complexity index (PCI) are Wind musical instruments nes (brass, wood,bagpipes) (1.38), Electrical capacitors, fixed, variable or adjustable (1.29), Parts and accessories for musical instruments (1.28), Ceramic laboratory, technical, packaging articles nes (1.07), and Saturated acyclic monocarboxylic acids, derivatives (1.06). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Indonesia according to the relatedness index, are Other Cloth Articles (0.32), Bananas (0.32), Rice (0.31), Jute Woven Fabric (0.3), and Raw Sugar (0.3). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Indonesia is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Indonesia. These are products that tend to be co-exported with the products that Indonesia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

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During the last 20 years Indonesia's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨67th to the 64th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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