2023
Exports
$15.3MWorld Rnk 40 / 152
Flag Rnk 498 / 1192
2023
PRODUCT COMPLEXITY IN Iron Wire
-0.29Rnk 643 / 1025
2023
Imports
$103MWorld Rnk 25 / 215
Flag Rnk 332 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $15.3M in Iron Wire, making it the 40th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 498th most exported product in Indonesia. The main destination of Iron Wire exports from Indonesia are: Australia ($5.02M), India ($2.92M), China ($1.54M), Thailand ($1.3M), and New Zealand ($1.26M).

The fastest growing export markets for Iron Wire of Indonesia between 2022 and 2023 were India ($1.93M), Japan ($762k), and Thailand ($250k).

Imports In 2023, Indonesia imported $103M in Iron Wire, becoming the 25th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 332nd most imported product in Indonesia. Indonesia imports Iron Wire primarily from: China ($34.6M), Malaysia ($32.5M), South Korea ($10.1M), Japan ($8.27M), and Chinese Taipei ($7.22M).

The fastest growing import markets in Iron Wire for Indonesia between 2022 and 2023 were Malaysia ($1M), Hong Kong ($783k), and Chinese Taipei ($470k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Wire. 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)$15.3M
IMPORTS (2023)$103M
NET TRADE (2023)-$87.2M

In 2023, Indonesia exported $15.3M in Iron Wire. The main destinations of Indonesia exports on Iron Wire were Australia ($5.02M), India ($2.92M), China ($1.54M), Thailand ($1.3M), and New Zealand ($1.26M).

In 2023, Indonesia imported $103M in Iron Wire, mainly from China ($34.6M), Malaysia ($32.5M), South Korea ($10.1M), Japan ($8.27M), and Chinese Taipei ($7.22M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
India$1.93M (195%)
Japan$762k (830%)
Thailand$250k (23.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Indonesia WERE (2022 - 2023):
Australia-$1.9M (-27.4%)
New Zealand-$666k (-34.7%)
South Korea-$651k (-89.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Indonesia's main exporting competitors in Iron Wire were:
China $1.86B
Italy $581M
In 2023, Indonesia's main importing competitors in Iron Wire were:

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.38M
TOP IMPORT POTENTIALChina+ $16.6M

Iron Wire’s highest export potential is China. With an export gap of $1.38M.   Iron Wire’s highest import potential is China with an import gap of $16.6M.

See methodology.

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