Overview: In 2018 Indonesia was the number 16 economy in the world in terms of GDP (current US$), the number 28 in total exports, the number 27 in total imports,
the number 124 economy in terms of GDP per capita (current US$) and the number 75 most complex economy according to the Economic Complexity Index (ECI)
In 2018, Indonesia exported a total of $197B, making it the number 28 exporter in the world. During the last five reported years the exports of Indonesia have changed by -$8.72B from $206B in 2013 to $197B in 2018.
In 2018 Indonesia imported $180B, making it the number 27 trade destination in the world. During the last five reported years the imports of Indonesia changed by -$6.03B from $186B in 2013 to $180B in 2018.
In 2018, Indonesia exported $27.4B worth of services. The top services exported by Indonesia in 2018 were Personal travel ($9.59B), Other business services ($6.07B), Business travel ($4.52B), Transportation ($3.6B), and Computer and information services ($1.3B).
The top services imported by Indonesia in 2018 were Transportation ($12.4B), Other business services ($6.97B), Personal travel ($6.33B), Computer and information services ($2.88B), and Business travel ($2.44B).
This section shows forecasts for total product exports and imports for Indonesia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Indonesia are:1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area84: Association of Southeast Asian Nations (ASEAN ) Free Trade Area136: Most Favoured Nation duty rate treatement184: Preferential tariff for China239: Preferential tariff for India246: Preferential tariff for Japan249: Preferential tariff for Korea, Republic of284: Preferential tariff for Pakistan
During the last 20 years Indonesia's economy has become relatively less complex, moving from the 72nd to the 75th 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.
Indonesia has a high level of specialization in Lignite (69.1), Palm Oil (49.5), Other Edible Animal Products (47.5), Coconut Oil (38.4), and Raw Tin (34.9). Specialization is measured using RCA, an index that takes the ratio between Indonesia observed and expected exports in each product.
The top export opportunities for Indonesia according to the relatedness index, are Rice (0.29), Cocoa Beans (0.29), Knit Men's Undergarments (0.28), Cassava (0.28), and Tin Ores (0.28). 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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.
Indonesia
