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Pricing

2022
Flag → Flag
Exports $1.88BRnk 40 / 138
2022
Flag → Flag
Top Product $566MPotassic Fertilizers
2022
Flag → Flag
Exports $1.39BRnk 32 / 216
2022
Flag → Flag
Top Product $743MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
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GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC$4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Russia-Indonesia Trade: In 2022, Russia exported $1.88B to Indonesia. The main products that Russia exported to Indonesia were Potassic Fertilizers ($566M), Semi-Finished Iron ($402M), and Coal Briquettes ($342M). Over the past 5 years the exports of Russia to Indonesia have increased at an annualized rate of 6.68%, from $1.36B in 2017 to $1.88B in 2022.

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.

Indonesia-Russia Trade: In 2022, Indonesia exported $1.39B to Russia. The main products that Indonesia exported to Russia were Palm Oil ($743M), Coconut Oil ($166M), and Excavation Machinery ($49.7M). Over the past 5 years the exports of Indonesia to Russia have decreased at an annualized rate of 1.95%,  from $1.53B in 2017 to $1.39B in 2022.

In 2022, Indonesia did not export any services to Russia.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $172M and imported $243M from Indonesia, resulting in a negative trade balance of $71M. Between January 2021 and January 2022 the exports of Russia have increased by $101M (142%) from $71.2M to $172M, while imports increased by $65.2M (36.6%) from $178M to $243M.

Trade In January 2022, the top exports of Russia to Indonesia were Potassic Fertilizers ($33.4M), Semi-Finished Iron ($15.2M), Coal Briquettes ($9.92M), Asbestos ($3.51M), and Refined Petroleum ($1.7M). In January 2022 the top imports of Russia from Indonesia were Palm Oil ($83M), Coconut Oil ($10.1M), Leather Footwear ($8.97M), Coffee ($8.59M), and Rubber ($5.91M).

Origins In January 2022 the exports of Russia were mainly from KEMEROVO REGION ($53.3M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($47.7M), PERM TERRITORY ($25.6M), VOLGOGRAD REGION ($11.3M), and SVERDLOVSK REGION ($8.05M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($60.9M), KRASNODAR TERRITORY ($54.2M), SARATOV REGION ($32M), MOSCOW REGION ($15.4M), and NIZHNY NOVGOROD REGION ($14.1M).

Growth In January 2022, the increase in Russia's year-by-year exports to Indonesia was explained primarily by an increase in product exports in Asbestos ($1.1M or 45.5%), Kraft Paper ($890k or 896%), and Refined Petroleum ($364k or 27.3%). In January 2022, the increase in Russia's year-by-year imports  from Indonesia was explained primarily by an increase in product imports  in Palm Oil ($28.7M or 53%), Coconut Oil ($4.78M or 89.9%), and Coffee ($4.47M or 108%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$101M(142%)
IMPORT GROWTH (January 2021 - January 2022)$65.2M(36.6%)
MAIN EXPORTER (January 2022)KEMEROVO REGION$53.3M

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

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

For full datasets download visit Bulk Download page.

Explore Indonesia and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $1.88B to Indonesia. The main products exported from Russia to Indonesia were Potassic Fertilizers ($566M), Semi-Finished Iron ($402M), and Coal Briquettes ($342M). During the last 5 years the exports of Russia to Indonesia have increased at an annualized rate of 6.68%, from $1.36B in 2017 to $1.88B in 2022.

In 2017, Indonesia exported $1.39B to Russia. The main products exported from Indonesia to Russia were Palm Oil ($743M), Coconut Oil ($166M), and Excavation Machinery ($49.7M). During the last 5 years the exports of Indonesia to Russia have decreased at an annualized rate of 1.95%, from $1.53B in 2022 to $1.39B in 2017.

Exports from Russia (Flag) to Indonesia (Flag) (2022)

Exports from Indonesia (Flag) to Russia (Flag) (2022)

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Indonesia
Top DestinationChina$67.7B

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

In 2022, countries that imported more from Russia than Indonesia included China ($101B), Germany ($27.7B), and Turkey ($25.3B).

In 2022, countries that imported more from Indonesia than Russia included United States ($31.6B), Malaysia ($15.6B), and Japan ($26.6B).

Difference in imports from Indonesia (Flag) and Russia (Flag) (2022)

Comparative Advantage Russia - Indonesia

Flow
Scale

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

During 2022, Russia had a large net trade with Indonesia in the exports of Chemical Products ($735M), Metals ($558M), and Mineral Products ($428M).

During 2017, Indonesia had a large net trade with Russia in the exports of Animal and Vegetable Bi-Products ($964M), Machines ($108M), and Vegetable Products ($83.5M).

Potential Exports

Potential Exports

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

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

Product Space of Russia (Flag) and Indonesia (Flag) (2022)

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