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2023
Flag → Flag
Exports $1.79BRnk 55 / 219
2023
Flag → Flag
Top Product $105MGas Turbines
2023
Flag → Flag
Exports $2.86BRnk 21 / 213
2023
Flag → Flag
Top Product $732MPalm Oil
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Italy-Indonesia Trade: In 2023, Italy exported $1.79B to Indonesia. The main products that Italy exported to Indonesia were Gas Turbines ($105M), Valves ($71.8M), and Washing and Bottling Machines ($71.6M). Over the past 5 years the exports of Italy to Indonesia have increased at an annualized rate of 0.43%, from $1.75B in 2018 to $1.79B in 2023.

In 2020, Italy exported services to Indonesia worth $98.9M, with Transportation ($48.5M), Travel ($12.8M), and Other business services ($11.4M) being the largest in terms of value.

Indonesia-Italy Trade: In 2023, Indonesia exported $2.86B to Italy. The main products that Indonesia exported to Italy were Palm Oil ($732M), Stearic Acid ($377M), and Coal Briquettes ($348M). Over the past 5 years the exports of Indonesia to Italy have increased at an annualized rate of 6.15%,  from $2.13B in 2018 to $2.86B in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €492M and imported €970M from Indonesia, resulting in a negative trade balance of €479M. Between October 2023 and October 2024 the exports of Italy have increased by €24.6M (5.27%) from €467M to €492M, while imports increased by €130M (15.4%) from €841M to €970M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€24.6M(5.27%)
IMPORT GROWTH (October 2023 - October 2024)€130M(15.4%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Indonesia and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $1.79B to Indonesia. The main products exported from Italy to Indonesia were Gas Turbines ($105M), Valves ($71.8M), and Washing and Bottling Machines ($71.6M). During the last 5 years the exports of Italy to Indonesia have increased at an annualized rate of 0.43%, from $1.75B in 2018 to $1.79B in 2023.

In 2018, Indonesia exported $2.86B to Italy. The main products exported from Indonesia to Italy were Palm Oil ($732M), Stearic Acid ($377M), and Coal Briquettes ($348M). During the last 5 years the exports of Indonesia to Italy have increased at an annualized rate of 6.15%, from $2.13B in 2023 to $2.86B in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Italy than Indonesia included Germany ($71.4B), France ($61.1B), and United States ($70.9B).

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

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

Comparative Advantage Italy - Indonesia

Flow
Scale

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

During 2023, Italy had a large net trade with Indonesia in the exports of Machines ($940M), Metals ($143M), and Chemical Products ($136M).

During 2018, Indonesia had a large net trade with Italy in the exports of Animal and Vegetable Bi-Products ($1.25B), Mineral Products ($351M), and Foodstuffs ($233M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Indonesia+$31.6MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Indonesia Italy+$177MCoal 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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Economic Complexity

Competitive Landscape

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

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

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