Indonesia (IDN) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Indonesia-Mexico Trade: In 2023, Indonesia exported $2.46B to Mexico. The main products that Indonesia exported to Mexico were Cars ($585M), Textile Footwear ($107M), and Semi-Finished Iron ($106M). Over the past 5 years the exports of Indonesia to Mexico have increased at an annualized rate of 11.8%, from $1.41B in 2018 to $2.46B in 2023.

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

Mexico-Indonesia Trade: In 2023, Mexico exported $357M to Indonesia. The main products that Mexico exported to Indonesia were Broadcasting Equipment ($47M), Centrifuges ($26.3M), and Integrated Circuits ($20.8M). Over the past 5 years the exports of Mexico to Indonesia have increased at an annualized rate of 2.85%, from $302M in 2018 to $357M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Indonesia exported $2.46B to Mexico. The main products exported from Indonesia to Mexico were Cars ($585M), Textile Footwear ($107M), and Semi-Finished Iron ($106M). During the last 5 years the exports of Indonesia to Mexico have increased at an annualized rate of 11.8%, from $1.41B in 2018 to $2.46B in 2023.

In 2018, Mexico exported $357M to Indonesia. The main products exported from Mexico to Indonesia were Broadcasting Equipment ($47M), Centrifuges ($26.3M), and Integrated Circuits ($20.8M). During the last 5 years the exports of Mexico to Indonesia have increased at an annualized rate of 2.85%, from $302M in 2023 to $357M in 2018.

Exports from Indonesia () to Mexico () (2023)

Exports from Mexico () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Mexico ()

Indonesia Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Mexico
Top DestinationUnited States$456B

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

In 2023, countries that imported more from Indonesia than Mexico included China ($70.7B), India ($24B), and Japan ($23.7B).

In 2023, countries that imported more from Mexico than Indonesia included United States ($456B), Canada ($33B), and Germany ($10.7B).

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

Comparative Advantage Indonesia - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Mexico in the exports of Transportation ($625M), Machines ($480M), and Footwear and Headwear ($267M).

During 2018, Mexico had a large net trade with Indonesia in the exports of Machines ($215M), Chemical Products ($37.5M), and Instruments ($29.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Mexico+$113MPetroleum Gas

Top Product Potential Mexico Indonesia+$55.9MComputers

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 Mexico. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Indonesia.

About

Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Mexico () (2023)

Exports from Mexico () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Mexico ()

Indonesia Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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