Indonesia (IDN) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Indonesia-Saudi Arabia Trade: In 2023, Indonesia exported $2.99B to Saudi Arabia. The main products that Indonesia exported to Saudi Arabia were Cars ($851M), Palm Oil ($578M), and Other Sea Vessels ($191M). Over the past 5 years the exports of Indonesia to Saudi Arabia have increased at an annualized rate of 10.8%, from $1.8B in 2018 to $2.99B in 2023.

In 2023, Indonesia did not export any services to Saudi Arabia.

Saudi Arabia-Indonesia Trade: In 2023, Saudi Arabia exported $4.1B to Indonesia. The main products that Saudi Arabia exported to Indonesia were Crude Petroleum ($2.32B), Refined Petroleum ($844M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($193M). Over the past 5 years the exports of Saudi Arabia to Indonesia have decreased at an annualized rate of 3.71%, from $4.95B in 2018 to $4.1B in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Indonesia exported $2.99B to Saudi Arabia. The main products exported from Indonesia to Saudi Arabia were Cars ($851M), Palm Oil ($578M), and Other Sea Vessels ($191M). During the last 5 years the exports of Indonesia to Saudi Arabia have increased at an annualized rate of 10.8%, from $1.8B in 2018 to $2.99B in 2023.

In 2018, Saudi Arabia exported $4.1B to Indonesia. The main products exported from Saudi Arabia to Indonesia were Crude Petroleum ($2.32B), Refined Petroleum ($844M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($193M). During the last 5 years the exports of Saudi Arabia to Indonesia have decreased at an annualized rate of 3.71%, from $4.95B in 2023 to $4.1B in 2018.

Exports from Indonesia () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Saudi Arabia ()

Indonesia Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Indonesia than Saudi Arabia included United States ($27.9B), South Korea ($10.3B), and Singapore ($15.8B).

In 2023, countries that imported more from Saudi Arabia than Indonesia included Japan ($34.7B), India ($34.8B), and United Arab Emirates ($11.5B).

Difference in imports from Saudi Arabia () and Indonesia () (2023)

Comparative Advantage Indonesia - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Saudi Arabia in the exports of Transportation ($1.08B), Animal and Vegetable Bi-Products ($626M), and Foodstuffs ($296M).

During 2018, Saudi Arabia had a large net trade with Indonesia in the exports of Mineral Products ($3.39B), Chemical Products ($374M), and Plastics and Rubbers ($232M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Saudi Arabia+$57.1MPalm Oil

Top Product Potential Saudi Arabia Indonesia+$666MRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Saudi Arabia ()

Indonesia Exports

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Indonesia () (2023)

Comparative Advantage Indonesia - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Indonesia () and Saudi Arabia () (2023)

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