2022
Exports
$12.9MWorld Rnk 27 / 91
Flag Rnk 523 / 1194
2022
PRODUCT COMPLEXITY IN Steel Ingots
0.23Rnk 480 / 1025
2022
Imports
$7.88MWorld Rnk 31 / 163
Flag Rnk 838 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $12.9M in Steel Ingots, making it the 27th largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 523rd most exported product in Indonesia. The main destination of Steel Ingots exports from Indonesia are: South Korea ($12M), United Kingdom ($786k), Germany ($54.7k), Singapore ($27.3k), and Australia ($10.9k).

The fastest growing export markets for Steel Ingots of Indonesia between 2021 and 2022 were United Kingdom ($786k), Germany ($54.7k), and Australia ($10.9k).

Imports In 2022, Indonesia imported $7.88M in Steel Ingots, becoming the 31st largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 838th most imported product in Indonesia. Indonesia imports Steel Ingots primarily from: Japan ($4.4M), Italy ($1.84M), China ($905k), Germany ($235k), and United States ($134k).

The fastest growing import markets in Steel Ingots for Indonesia between 2021 and 2022 were China ($380k), Italy ($354k), and United States ($121k).

Latest Trends

Jul 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 Steel Ingots. 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 (2022)$12.9M
IMPORTS (2022)$7.88M
NET TRADE (2022)$4.97M

In 2022, Indonesia exported $12.9M in Steel Ingots. The main destinations of Indonesia exports on Steel Ingots were South Korea ($12M), United Kingdom ($786k), Germany ($54.7k), Singapore ($27.3k), and Australia ($10.9k).

In 2022, Indonesia imported $7.88M in Steel Ingots, mainly from Japan ($4.4M), Italy ($1.84M), China ($905k), Germany ($235k), and United States ($134k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
United Kingdom$786k (1%)
Germany$54.7k (1%)
Australia$10.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Indonesia WERE (2021 - 2022):
South Korea-$11.5M (-49%)
Netherlands-$389 (-100%)
Timor-Leste-$22 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Steel Ingots were:
In 2022, Indonesia's main importing competitors in Steel Ingots were:

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $320k
TOP IMPORT POTENTIALChina+ $1.08M

Steel Ingots’s highest export potential is United Kingdom. With an export gap of $320k.   Steel Ingots’s highest import potential is China with an import gap of $1.08M.

See methodology.

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