2023
Exports
$1.95BWorld Rnk 35 / 150
Flag Rnk 28 / 1192
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$10.2BWorld Rnk 21 / 159
Flag Rnk 2 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $1.95B in Crude Petroleum, making it the 35th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 28th most exported product in Indonesia. The main destination of Crude Petroleum exports from Indonesia are: Thailand ($1.5B), Japan ($167M), Singapore ($91.4M), China ($72.7M), and South Korea ($55.5M).

The fastest growing export markets for Crude Petroleum of Indonesia between 2022 and 2023 were Thailand ($384M), Japan ($126M), and South Korea ($38.9M).

Imports In 2023, Indonesia imported $10.2B in Crude Petroleum, becoming the 21st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Indonesia. Indonesia imports Crude Petroleum primarily from: Nigeria ($3.32B), Saudi Arabia ($2.32B), Angola ($1.01B), Gabon ($867M), and United States ($489M).

The fastest growing import markets in Crude Petroleum for Indonesia between 2022 and 2023 were Gabon ($481M), Angola ($275M), and Democratic Republic of the Congo ($225M).

COMPANIES In 2024, leading companies such as Chicken of the Sea (1) were at the forefront of shipping Crude Petroleum from Indonesia to the United States.

Latest Trends

Dec 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 Crude Petroleum. 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)$1.95B
IMPORTS (2023)$10.2B
NET TRADE (2023)-$8.23B

In 2023, Indonesia exported $1.95B in Crude Petroleum. The main destinations of Indonesia exports on Crude Petroleum were Thailand ($1.5B), Japan ($167M), Singapore ($91.4M), China ($72.7M), and South Korea ($55.5M).

In 2023, Indonesia imported $10.2B in Crude Petroleum, mainly from Nigeria ($3.32B), Saudi Arabia ($2.32B), Angola ($1.01B), Gabon ($867M), and United States ($489M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Thailand$384M (34.3%)
Japan$126M (303%)
South Korea$38.9M (235%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Indonesia WERE (2022 - 2023):
China-$376M (-83.8%)
Australia-$96.7M (-75.4%)
India-$26.3M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $567M
TOP IMPORT POTENTIALSaudi Arabia+ $492M

Crude Petroleum’s highest export potential is China. With an export gap of $567M.   Crude Petroleum’s highest import potential is Saudi Arabia with an import gap of $492M.

See methodology.

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