2023
Exports
$5.85BWorld Rnk 1 / 130
Flag Rnk 9 / 1192
2023
PRODUCT COMPLEXITY IN Large Flat-Rolled Stainless Steel
1.06Rnk 156 / 1025
2023
Imports
$361MWorld Rnk 22 / 208
Flag Rnk 134 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $5.85B in Large Flat-Rolled Stainless Steel, making it the 1st largest exporter of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 9th most exported product in Indonesia. The main destination of Large Flat-Rolled Stainless Steel exports from Indonesia are: China ($2.15B), Chinese Taipei ($1.44B), Vietnam ($901M), Malaysia ($360M), and Turkey ($290M).

The fastest growing export markets for Large Flat-Rolled Stainless Steel of Indonesia between 2022 and 2023 were Bangladesh ($18M), United Arab Emirates ($7.53M), and Russia ($5.41M).

Imports In 2023, Indonesia imported $361M in Large Flat-Rolled Stainless Steel, becoming the 22nd largest importer of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 134th most imported product in Indonesia. Indonesia imports Large Flat-Rolled Stainless Steel primarily from: China ($132M), Japan ($110M), South Korea ($39.9M), India ($27.7M), and Malaysia ($15M).

The fastest growing import markets in Large Flat-Rolled Stainless Steel for Indonesia between 2022 and 2023 were Belgium ($6.91M), Sweden ($5.21M), and South Africa ($2.84M).

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 Large Flat-Rolled Stainless 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 (2023)$5.85B
IMPORTS (2023)$361M
NET TRADE (2023)$5.49B

In 2023, Indonesia exported $5.85B in Large Flat-Rolled Stainless Steel. The main destinations of Indonesia exports on Large Flat-Rolled Stainless Steel were China ($2.15B), Chinese Taipei ($1.44B), Vietnam ($901M), Malaysia ($360M), and Turkey ($290M).

In 2023, Indonesia imported $361M in Large Flat-Rolled Stainless Steel, mainly from China ($132M), Japan ($110M), South Korea ($39.9M), India ($27.7M), and Malaysia ($15M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Stainless Steel EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Bangladesh$18M (1%)
United Arab Emirates$7.53M (49.8%)
Russia$5.41M (75.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Stainless Steel BY Indonesia WERE (2022 - 2023):
China-$637M (-22.9%)
India-$453M (-78.3%)
Italy-$253M (-89.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Large Flat-Rolled Stainless Steel were:
China $5.32B
Finland $3.29B
In 2023, Indonesia's main importing competitors in Large Flat-Rolled Stainless Steel were:
Germany $3.72B
Italy $3.07B
China $2.59B

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Trade Value of Large Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $74.2M
TOP IMPORT POTENTIALChina+ $37.5M

Large Flat-Rolled Stainless Steel’s highest export potential is India. With an export gap of $74.2M.   Large Flat-Rolled Stainless Steel’s highest import potential is China with an import gap of $37.5M.

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