2023
Exports
$510MWorld Rnk 44 / 214
Flag Rnk 90 / 1192
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$708MWorld Rnk 65 / 226
Flag Rnk 70 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $510M in Packaged Medicaments, making it the 44th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 90th most exported product in Indonesia. The main destination of Packaged Medicaments exports from Indonesia are: Philippines ($123M), Japan ($64.2M), South Korea ($50.3M), Singapore ($27.1M), and Hong Kong ($25.4M).

The fastest growing export markets for Packaged Medicaments of Indonesia between 2022 and 2023 were South Korea ($27.6M), United States ($21.3M), and Australia ($12.1M).

Imports In 2023, Indonesia imported $708M in Packaged Medicaments, becoming the 65th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 70th most imported product in Indonesia. Indonesia imports Packaged Medicaments primarily from: United States ($115M), Germany ($113M), United Kingdom ($67.5M), France ($50.3M), and India ($35.6M).

The fastest growing import markets in Packaged Medicaments for Indonesia between 2022 and 2023 were Germany ($27.4M), Belgium ($17.1M), and France ($13.3M).

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 Packaged Medicaments. 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)$510M
IMPORTS (2023)$708M
NET TRADE (2023)-$198M

In 2023, Indonesia exported $510M in Packaged Medicaments. The main destinations of Indonesia exports on Packaged Medicaments were Philippines ($123M), Japan ($64.2M), South Korea ($50.3M), Singapore ($27.1M), and Hong Kong ($25.4M).

In 2023, Indonesia imported $708M in Packaged Medicaments, mainly from United States ($115M), Germany ($113M), United Kingdom ($67.5M), France ($50.3M), and India ($35.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
South Korea$27.6M (121%)
United States$21.3M (4.7k%)
Australia$12.1M (192%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Indonesia WERE (2022 - 2023):
Singapore-$9.52M (-26%)
Malaysia-$7.92M (-27.9%)
Qatar-$6.25M (-95.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Packaged Medicaments were:
In 2023, Indonesia's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALJapan+ $40.2M
TOP IMPORT POTENTIALGermany+ $67.4M

Packaged Medicaments’s highest export potential is Japan. With an export gap of $40.2M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $67.4M.

See methodology.

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