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

About

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 13%, 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.

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.

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

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 2023, 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 13%, from $1.32B in 2018 to $2.43B in 2023.

In 2018, 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 2023 to $913M in 2018.

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

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

Market Competitiveness

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

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

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

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

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 2023, Russia had a large net trade with Indonesia in the exports of Mineral Products ($1.13B), Chemical Products ($495M), and Metals ($427M).

During 2018, 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).

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) (2023)

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