2022
Exports
$275kWorld Rnk 42 / 96
Flag Rnk 970 / 1194
2022
PRODUCT COMPLEXITY IN Borates
-0.2Rnk 618 / 1025
2022
Imports
$56.8MWorld Rnk 4 / 184
Flag Rnk 466 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $275k in Borates, making it the 42nd largest exporter of Borates in the world. At the same year, Borates was the 970th most exported product in Indonesia. The main destination of Borates exports from Indonesia are: Hong Kong ($162k), Malaysia ($92.5k), Japan ($20.7k), Vietnam ($7), and Timor-Leste ($1).

The fastest growing export markets for Borates of Indonesia between 2021 and 2022 were Hong Kong ($162k), Malaysia ($92.5k), and Vietnam ($7).

Imports In 2022, Indonesia imported $56.8M in Borates, becoming the 4th largest importer of Borates in the world. At the same year, Borates was the 466th most imported product in Indonesia. Indonesia imports Borates primarily from: United States ($33.4M), Turkey ($21.6M), China ($642k), Canada ($230k), and Singapore ($212k).

The fastest growing import markets in Borates for Indonesia between 2021 and 2022 were United States ($15M), Turkey ($5.36M), and China ($146k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Borates. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$275k
IMPORTS (2022)$56.8M
NET TRADE (2022)-$56.5M

In 2022, Indonesia exported $275k in Borates. The main destinations of Indonesia exports on Borates were Hong Kong ($162k), Malaysia ($92.5k), Japan ($20.7k), Vietnam ($7), and Timor-Leste ($1).

In 2022, Indonesia imported $56.8M in Borates, mainly from United States ($33.4M), Turkey ($21.6M), China ($642k), Canada ($230k), and Singapore ($212k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Borates EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
Hong Kong$162k (1%)
Malaysia$92.5k (1%)
Vietnam$7 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY Indonesia WERE (2021 - 2022):
Japan-$13.4k (-39.4%)
South Korea-$409 (-100%)
Singapore-$13 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Borates were:
In 2022, Indonesia's main importing competitors in Borates were:

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Trade Value of Borates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $59.9k
TOP IMPORT POTENTIALChina+ $597k

Borates’s highest export potential is Malaysia. With an export gap of $59.9k.   Borates’s highest import potential is China with an import gap of $597k.

See methodology.

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