2023
Exports
$2.6kWorld Rnk 78 / 99
Flag Rnk 1154 / 1192
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$53.3MWorld Rnk 21 / 142
Flag Rnk 449 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $2.6k in Iron Reductions, making it the 78th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 1154th most exported product in Indonesia. The main destination of Iron Reductions exports from Indonesia are: Kuwait ($1.22k), Spain ($902), Nigeria ($253), Canada ($172), and China ($50).

The fastest growing export markets for Iron Reductions of Indonesia between 2022 and 2023 were Kuwait ($1.22k), Spain ($902), and Nigeria ($253).

Imports In 2023, Indonesia imported $53.3M in Iron Reductions, becoming the 21st largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 449th most imported product in Indonesia. Indonesia imports Iron Reductions primarily from: Malaysia ($30.6M), Russia ($19M), United Arab Emirates ($3.54M), China ($50.2k), and United States ($19.3k).

The fastest growing import markets in Iron Reductions for Indonesia between 2022 and 2023 were Malaysia ($22.4M), Singapore ($10.9k), and United States ($6.75k).

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 Iron Reductions. 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)$2.6k
IMPORTS (2023)$53.3M
NET TRADE (2023)-$53.3M

In 2023, Indonesia exported $2.6k in Iron Reductions. The main destinations of Indonesia exports on Iron Reductions were Kuwait ($1.22k), Spain ($902), Nigeria ($253), Canada ($172), and China ($50).

In 2023, Indonesia imported $53.3M in Iron Reductions, mainly from Malaysia ($30.6M), Russia ($19M), United Arab Emirates ($3.54M), China ($50.2k), and United States ($19.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Kuwait$1.22k (1%)
Spain$902 (1%)
Nigeria$253 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Indonesia WERE (2022 - 2023):
Uganda-$16.7k (-100%)
China-$480 (-90.6%)
Paraguay-$2 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.92k
TOP IMPORT POTENTIALMalaysia+ $5.88M

Iron Reductions’s highest export potential is China. With an export gap of $1.92k.   Iron Reductions’s highest import potential is Malaysia with an import gap of $5.88M.

See methodology.

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