2022
Exports
$83MWorld Rnk 31 / 128
Flag Rnk 287 / 1194
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$954MWorld Rnk 17 / 130
Flag Rnk 46 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $83M in Iron Ore, making it the 31st largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 287th most exported product in Indonesia. The main destination of Iron Ore exports from Indonesia are: China ($76.3M), Vietnam ($6.38M), Philippines ($361k), Netherlands ($260), and Ireland ($48).

The fastest growing export markets for Iron Ore of Indonesia between 2021 and 2022 were Vietnam ($4.14M) and Ireland ($48).

Imports In 2022, Indonesia imported $954M in Iron Ore, becoming the 17th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 46th most imported product in Indonesia. Indonesia imports Iron Ore primarily from: Australia ($713M), India ($66.6M), Malaysia ($63.3M), Canada ($30.5M), and Brazil ($17.6M).

The fastest growing import markets in Iron Ore for Indonesia between 2021 and 2022 were Brazil ($8.65M), Netherlands ($8.43M), and Malaysia ($7.88M).

Latest Trends

Aug 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 Iron Ore. 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)$83M
IMPORTS (2022)$954M
NET TRADE (2022)-$871M

In 2022, Indonesia exported $83M in Iron Ore. The main destinations of Indonesia exports on Iron Ore were China ($76.3M), Vietnam ($6.38M), Philippines ($361k), Netherlands ($260), and Ireland ($48).

In 2022, Indonesia imported $954M in Iron Ore, mainly from Australia ($713M), India ($66.6M), Malaysia ($63.3M), Canada ($30.5M), and Brazil ($17.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
Vietnam$4.14M (185%)
Ireland$48 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Indonesia WERE (2021 - 2022):
China-$91.4M (-54.5%)
Malaysia-$4.94M (-100%)
Philippines-$1.71M (-82.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Indonesia's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $88.2M
TOP IMPORT POTENTIALAustralia+ $55.7M

Iron Ore’s highest export potential is China. With an export gap of $88.2M.   Iron Ore’s highest import potential is Australia with an import gap of $55.7M.

See methodology.

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