2022
Exports
$28.8BWorld Rnk 5 / 223
Flag Rnk 3 / 96
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$11.9BWorld Rnk 16 / 225
Flag Rnk 4 / 96
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $28.8B in Iron & steel, making it the 5th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 3rd most exported product in Indonesia. The main destination of Iron & steel exports from Indonesia are: China ($19B), Chinese Taipei ($2.36B), India ($1.41B), Vietnam ($1.12B), and Malaysia ($640M).

The fastest growing export markets for Iron & steel of Indonesia between 2021 and 2022 were China ($6.15B), Vietnam ($525M), and India ($419M).

Imports In 2022, Indonesia imported $11.9B in Iron & steel, becoming the 16th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 4th most imported product in Indonesia. Indonesia imports Iron & steel primarily from: China ($3.37B), Japan ($2.33B), Oman ($1.02B), South Korea ($1B), and Malaysia ($523M).

The fastest growing import markets in Iron & steel for Indonesia between 2021 and 2022 were Oman ($703M), China ($419M), and Japan ($395M).

COMPANIES In 2023, leading companies such as Mattel (8), Cinmar (2), and QVC Inc (1) were at the forefront of shipping Iron & steel from Indonesia to the United States.

Latest Trends

Oct 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 & steel. 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)$28.8B
IMPORTS (2022)$11.9B
NET TRADE (2022)$17B

In 2022, Indonesia exported $28.8B in Iron & steel. The main destinations of Indonesia exports on Iron & steel were China ($19B), Chinese Taipei ($2.36B), India ($1.41B), Vietnam ($1.12B), and Malaysia ($640M).

In 2022, Indonesia imported $11.9B in Iron & steel, mainly from China ($3.37B), Japan ($2.33B), Oman ($1.02B), South Korea ($1B), and Malaysia ($523M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
China$6.15B (47.9%)
Vietnam$525M (88.6%)
India$419M (42.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Indonesia WERE (2021 - 2022):
Chinese Taipei-$332M (-12.3%)
Malaysia-$128M (-16.6%)
South Korea-$73.8M (-11.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Indonesia's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $243M
TOP IMPORT POTENTIALChina+ $314M

Iron & steel’s highest export potential is India. With an export gap of $243M.   Iron & steel’s highest import potential is China with an import gap of $314M.

See methodology.

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