Indonesia2020 Economic Complexity : -0.093, Rank 64 of 127
2020 Product Exports | Imports: $178B | $140B, 28 of 226 | 31 of 226
2020 Per Capita Product Exports | Imports: $651 | $513, 152 of 219 | 171 of 219
2020 Service Exports | Imports : $14.2B | $24.5B, 31 of 65 | 26 of 65
Overview In 2020, Indonesia was the number 16 economy in the world in terms of GDP (current US$), the number 28 in total exports, the number 31 in total imports, the number 129 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.
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.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
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).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
Indonesia Exports Services (2020): $14.2B
Indonesia Imports Services (2020): $24.5B
In 2020, Indonesia exported $14.2B worth of services. The top services exported by Indonesia in 2020 were Other business services ($5.11B), Travel ($3.38B), Sea transport ($1.96B), Telecommunications services ($784M), and Government services, n.i.e. ($649M).
The top services imported by Indonesia in 2020 were Other business services ($7.71B), Sea transport ($5.77B), Computer and information services ($2.6B), Travel ($1.75B), and Royalties and license fees ($1.53B).
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.
The highest complexity exports of Indonesia according to the product complexity index (PCI) are Wind Instruments (1.38), Electrical Capacitors (1.29), Musical Instrument Parts (1.28), Laboratory Ceramic Ware (1.07), and Saturated Acyclic Monocarboxylic Acids (1.06). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
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.
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.
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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