Indonesia (IDN) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Indonesia-Iran Trade: In 2023, Indonesia exported $194M to Iran. The main products that Indonesia exported to Iran were Other Nuts ($53.6M), Motorcycles and cycles ($40.8M), and Stearic Acid ($18.4M). Over the past 5 years the exports of Indonesia to Iran have decreased at an annualized rate of 8.09%, from $296M in 2018 to $194M in 2023.

In 2023, Indonesia did not export any services to Iran.

Iran-Indonesia Trade: In 2023, Iran exported $11.7M to Indonesia. The main products that Iran exported to Indonesia were Tropical Fruits ($5.03M), Petroleum Coke ($2.98M), and Vegetable Alkaloids ($1.39M). Over the past 5 years the exports of Iran to Indonesia have decreased at an annualized rate of 46.2%, from $902M in 2018 to $11.7M in 2023.

In 2023, Iran did not export any services to Indonesia.

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Indonesia exported $194M to Iran. The main products exported from Indonesia to Iran were Other Nuts ($53.6M), Motorcycles and cycles ($40.8M), and Stearic Acid ($18.4M). During the last 5 years the exports of Indonesia to Iran have decreased at an annualized rate of 8.09%, from $296M in 2018 to $194M in 2023.

In 2018, Iran exported $11.7M to Indonesia. The main products exported from Iran to Indonesia were Tropical Fruits ($5.03M), Petroleum Coke ($2.98M), and Vegetable Alkaloids ($1.39M). During the last 5 years the exports of Iran to Indonesia have decreased at an annualized rate of 46.2%, from $902M in 2023 to $11.7M in 2018.

Exports from Indonesia () to Iran () (2023)

Exports from Iran () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Iran ()

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Iran
Top DestinationChina$4.59B

This map shows whether countries import more from Indonesia or Iran. Each country is colored based on the difference in imports they receive from Indonesia and Iran or the difference in the growth in imports.

In 2023, countries that imported more from Indonesia than Iran included China ($70.7B), United States ($27.9B), and Japan ($23.7B).

In 2023, countries that imported more from Iran than Indonesia included Armenia ($597M), Azerbaijan ($473M), and Turkey ($2.18B).

Difference in imports from Iran () and Indonesia () (2023)

Comparative Advantage Indonesia - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Indonesia and Iran by product, considering products traded by both, Indonesia and Iran.

During 2023, Indonesia had a large net trade with Iran in the exports of Vegetable Products ($63.9M), Transportation ($50.4M), and Animal and Vegetable Bi-Products ($29.7M).

During 2018, Iran had a large net trade with Indonesia in the exports of Vegetable Products ($5.99M), Mineral Products ($3.18M), and Chemical Products ($1.51M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Iran+$5.31MIndustrial Fatty Acids, Oils and Alcohols

Top Product Potential Iran Indonesia+$2.69MPetroleum Coke

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Indonesia and Iran. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Indonesia.

About

Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Iran () (2023)

Exports from Iran () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Iran ()

Indonesia Exports

Market Competitiveness

Difference in imports from Iran () and Indonesia () (2023)

Comparative Advantage Indonesia - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Indonesia () and Iran () (2023)

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