2023
Exports
$5.26BWorld Rnk 33 / 214
Flag Rnk 11 / 1192
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$19.5BWorld Rnk 12 / 226
Flag Rnk 1 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $5.26B in Refined Petroleum, making it the 33rd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 11th most exported product in Indonesia. The main destination of Refined Petroleum exports from Indonesia are: Malaysia ($1.78B), Singapore ($1.36B), Australia ($339M), Bangladesh ($295M), and United States ($262M).

The fastest growing export markets for Refined Petroleum of Indonesia between 2022 and 2023 were Malaysia ($789M), Australia ($214M), and Burma ($130M).

Imports In 2023, Indonesia imported $19.5B in Refined Petroleum, becoming the 12th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Indonesia. Indonesia imports Refined Petroleum primarily from: Singapore ($9.27B), Malaysia ($4.56B), South Korea ($941M), India ($922M), and Saudi Arabia ($844M).

The fastest growing import markets in Refined Petroleum for Indonesia between 2022 and 2023 were Oman ($539M), Russia ($216M), and China ($177M).

COMPANIES In 2024, leading companies such as Chicken of the Sea (10), Lawrence Wholesale (5), and Euromarket Designs (1) were at the forefront of shipping Refined Petroleum 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 Refined Petroleum. 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)$5.26B
IMPORTS (2023)$19.5B
NET TRADE (2023)-$14.3B

In 2023, Indonesia exported $5.26B in Refined Petroleum. The main destinations of Indonesia exports on Refined Petroleum were Malaysia ($1.78B), Singapore ($1.36B), Australia ($339M), Bangladesh ($295M), and United States ($262M).

In 2023, Indonesia imported $19.5B in Refined Petroleum, mainly from Singapore ($9.27B), Malaysia ($4.56B), South Korea ($941M), India ($922M), and Saudi Arabia ($844M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Malaysia$789M (79.9%)
Australia$214M (171%)
Burma$130M (641%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Indonesia WERE (2022 - 2023):
Hong Kong-$143M (-93.9%)
United States-$65.8M (-20.1%)
Czechia-$51.5M (-85.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Refined Petroleum were:
In 2023, Indonesia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $367M
TOP IMPORT POTENTIALIndia+ $1.41B

Refined Petroleum’s highest export potential is Malaysia. With an export gap of $367M.   Refined Petroleum’s highest import potential is India with an import gap of $1.41B.

See methodology.

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