2023
Exports
$168MWorld Rnk 2 / 139
Flag Rnk 192 / 1192
2023
PRODUCT COMPLEXITY IN Molasses
-1.73Rnk 974 / 1025
2023
Imports
$17.6MWorld Rnk 24 / 187
Flag Rnk 688 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $168M in Molasses, making it the 2nd largest exporter of Molasses in the world. At the same year, Molasses was the 192nd most exported product in Indonesia. The main destination of Molasses exports from Indonesia are: Philippines ($106M), South Korea ($26.6M), Thailand ($16.1M), Japan ($12M), and Chinese Taipei ($2.35M).

The fastest growing export markets for Molasses of Indonesia between 2022 and 2023 were Philippines ($40.8M), Thailand ($7.46M), and Japan ($3.21M).

Imports In 2023, Indonesia imported $17.6M in Molasses, becoming the 24th largest importer of Molasses in the world. At the same year, Molasses was the 688th most imported product in Indonesia. Indonesia imports Molasses primarily from: Egypt ($13M), Malaysia ($3.18M), Poland ($1.1M), China ($175k), and Italy ($83.9k).

The fastest growing import markets in Molasses for Indonesia between 2022 and 2023 were Poland ($1.1M), India ($11.7k), and Germany ($5.18k).

COMPANIES In 2024, leading companies such as Cinmar (2) were at the forefront of shipping Molasses from Indonesia to the United States.

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 Molasses. 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)$168M
IMPORTS (2023)$17.6M
NET TRADE (2023)$151M

In 2023, Indonesia exported $168M in Molasses. The main destinations of Indonesia exports on Molasses were Philippines ($106M), South Korea ($26.6M), Thailand ($16.1M), Japan ($12M), and Chinese Taipei ($2.35M).

In 2023, Indonesia imported $17.6M in Molasses, mainly from Egypt ($13M), Malaysia ($3.18M), Poland ($1.1M), China ($175k), and Italy ($83.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Philippines$40.8M (62.3%)
Thailand$7.46M (85.9%)
Japan$3.21M (36.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Indonesia WERE (2022 - 2023):
Vietnam-$16.1M (-100%)
South Korea-$6.38M (-19.3%)
United States-$323k (-99%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Molasses were:
India $295M
Poland $85.5M
In 2023, Indonesia's main importing competitors in Molasses were:

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $889k
TOP IMPORT POTENTIALGermany+ $51.6k

Molasses’s highest export potential is United States. With an export gap of $889k.   Molasses’s highest import potential is Germany with an import gap of $51.6k.

See methodology.

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