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2023
Flag → Flag
Exports $913MRnk 35 / 213
2023
Flag → Flag
Top Product $445MPalm Oil
2023
Flag → Flag
Exports $2.43BRnk 31 / 137
2023
Flag → Flag
Top Product $828MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
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GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
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 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
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GDP PC$13,817CURRENT US$
Rnk 74 / 196
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

Indonesia-Russia Trade: In 2023, Indonesia exported $913M to Russia. The main products that Indonesia exported to Russia were Palm Oil ($445M), Coconut Oil ($117M), and Excavation Machinery ($26.7M). Over the past 5 years the exports of Indonesia to Russia have decreased at an annualized rate of 11.3%, from $1.66B in 2018 to $913M in 2023.

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

Russia-Indonesia Trade: In 2023, Russia exported $2.43B to Indonesia. The main products that Russia exported to Indonesia were Coal Briquettes ($828M), Semi-Finished Iron ($390M), and Potassic Fertilizers ($338M). Over the past 5 years the exports of Russia to Indonesia have increased at an annualized rate of 9.09%,  from $1.32B in 2018 to $2.43B in 2023.

In 2020, Russia exported services to Indonesia worth $39.6M, with Transportation ($28.8M), Other business services ($4.8M), and Travel ($2.93M) being the largest in terms of value.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Indonesia exported $913M to Russia. The main products exported from Indonesia to Russia were Palm Oil ($445M), Coconut Oil ($117M), and Excavation Machinery ($26.7M). During the last 5 years the exports of Indonesia to Russia have decreased at an annualized rate of 11.3%, from $1.66B in 2018 to $913M in 2023.

In 2018, Russia exported $2.43B to Indonesia. The main products exported from Russia to Indonesia were Coal Briquettes ($828M), Semi-Finished Iron ($390M), and Potassic Fertilizers ($338M). During the last 5 years the exports of Russia to Indonesia have increased at an annualized rate of 9.09%, from $1.32B in 2023 to $2.43B in 2018.

Exports from Indonesia (Flag) to Russia (Flag) (2023)

Exports from Russia (Flag) to Indonesia (Flag) (2023)

Latest Data

Trade between Indonesia (Flag) and Russia (Flag)

Indonesia Exports

Russia Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Indonesia than Russia included United States ($27.9B), Japan ($23.7B), and Singapore ($15.8B).

In 2023, countries that imported more from Russia than Indonesia included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia (Flag) and Indonesia (Flag) (2023)

Comparative Advantage Indonesia - Russia

Flow
Scale

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

During 2023, Indonesia had a large net trade with Russia in the exports of Animal and Vegetable Bi-Products ($601M), Foodstuffs ($69.4M), and Machines ($52.9M).

During 2018, Russia had a large net trade with Indonesia in the exports of Mineral Products ($1.13B), Chemical Products ($495M), and Metals ($427M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Russia+$30.5MCoconut Oil
Top Product Potential Russia Indonesia+$147MCoal Briquettes

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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Bilateral Service Trade

In 2020, Russia exported services to Indonesia worth $39.6M, with Transportation ($28.8M), Other business services ($4.8M), and Travel ($2.93M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Indonesia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Indonesia (Flag) and Russia (Flag) (2023)

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