2023
Exports
$29MWorld Rnk 27 / 183
Flag Rnk 407 / 1192
2023
PRODUCT COMPLEXITY IN Compasses
0.63Rnk 316 / 1025
2023
Imports
$33.5MWorld Rnk 36 / 217
Flag Rnk 555 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $29M in Compasses, making it the 27th largest exporter of Compasses in the world. At the same year, Compasses was the 407th most exported product in Indonesia. The main destination of Compasses exports from Indonesia are: Singapore ($25M), United States ($894k), Netherlands ($777k), Italy ($639k), and United Kingdom ($475k).

The fastest growing export markets for Compasses of Indonesia between 2022 and 2023 were Singapore ($23.6M), United Kingdom ($306k), and Germany ($206k).

Imports In 2023, Indonesia imported $33.5M in Compasses, becoming the 36th largest importer of Compasses in the world. At the same year, Compasses was the 555th most imported product in Indonesia. Indonesia imports Compasses primarily from: United Arab Emirates ($9.74M), Singapore ($6.86M), Turkey ($4.7M), United States ($2.18M), and Chinese Taipei ($1.46M).

The fastest growing import markets in Compasses for Indonesia between 2022 and 2023 were United Arab Emirates ($9.71M), Norway ($967k), and South Korea ($639k).

Latest Trends

Jan 2025

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 Compasses. 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 (2023)$29M
IMPORTS (2023)$33.5M
NET TRADE (2023)-$4.51M

In 2023, Indonesia exported $29M in Compasses. The main destinations of Indonesia exports on Compasses were Singapore ($25M), United States ($894k), Netherlands ($777k), Italy ($639k), and United Kingdom ($475k).

In 2023, Indonesia imported $33.5M in Compasses, mainly from United Arab Emirates ($9.74M), Singapore ($6.86M), Turkey ($4.7M), United States ($2.18M), and Chinese Taipei ($1.46M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Singapore$23.6M (1.78k%)
United Kingdom$306k (182%)
Germany$206k (189%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Indonesia WERE (2022 - 2023):
Malaysia-$1.58M (-92.3%)
United States-$433k (-32.6%)
Canada-$365k (-72.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Compasses were:
In 2023, Indonesia's main importing competitors in Compasses were:

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.1M
TOP IMPORT POTENTIALUnited States+ $1.64M

Compasses’s highest export potential is United States. With an export gap of $1.1M.   Compasses’s highest import potential is United States with an import gap of $1.64M.

See methodology.

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