Indonesia’s Top Exports Products 2021-22

 

indonesia import export data

Indonesia is one of the growing economies in the world. As per WTO rank, Indonesia was 16th largest economy in the world. It is the biggest market for palm oil, coffee, cocoa and rubber exports.

According to the Indonesia import export data 2021, Indonesia's total trade value was 427 billion US Dollars. Indonesia imports exports by country suggests that China, Japan, Singapore and the United States of America were the major trading partners of Indonesia.

 Indonesia's top trading products were Mineral Fuels, Vegetable/Animal fats, oils, Iron, Steel and Footwear. Indonesia’s trade is expected to grow 13% by the year 2023.

Through this blog, you will find detailed trade statistics of Indonesia's major exports and imports products.

Indonesia Exports Products

According to the latest Indonesia export data, Indonesia's top products exports were around 218 billion US Dollars in 2021. In 2022, Indonesia's exports grew by 29.4%. Indonesia. As per Indonesia customs data 2022, Indonesia exports valued around 268 billion US Dollars.

For the financial year 2021, Indonesia’s major product exports were Mineral fuels (42 billion USD), Animal, Vegetable oils (30 billion USD), Iron Steel (18 billion USD), Vehicles & its parts (8.2 billion USD), Machinery Equipment (8 billion USD), Rubber (6.8 billion USD), Chemicals (6.4 billion USD), Ores, slag (6.2 billion USD), Electronics (6 billion USD), and Footwear (5.8 billion USD).

The major Indonesian exports were Oil, Gas, Vegetable/Animal Fats & Oils, Ferroalloys and Electrical Equipment. These were mostly exported to the United States of America, China, Japan and India.

Indonesia Imports Products

For the financial year 2021, Indonesia's top products imports were around 143 billion as per Indonesia import data. Indonesia’s major product imports were Mineral Fuels (26 billion USD), Machinery (23 billion USD), Electrical Equipment (20 billion USD), Iron & Steel (13 billion USD), Plastics (9 billion USD), Organic Chemicals (10 billion USD), Vehicles & its parts (6 billion USD), Pharma Products (4 billion USD), Cereals (3.6 billion USD) and Food waste and residues (3.64 billion USD).

In 2022, Indonesia's imports grew by 17%. As per Indonesia trade data 2022, Indonesia imports valued around 237 billion US Dollars. As per Indonesia shipment data 2022, Indonesia’s top imports were Crude oil, Natural gas, Palm oil, Rubber and Electronics. The top exporting countries to Indonesia were China, Singapore and Japan.

Future of Indonesia’s Trade

Indonesia is undergoing rapid growth. Over the past few years, Indonesia’s imports have declined and exports rose. Indonesia is the largest exporter of Palm oil. Almost one third of the world depends on Indonesia’s palm oil. Businesses are investing largely in Indonesia as it offers wide growth opportunities. Experts predict that Indonesia’s exports could reach 300 billion US Dollars by 2024.

The main cause would be a rise in nickel exports (30 billion USD) and the hike in palm oil & coal. Indonesia’s GDP could reach 3.5 trillion USD by 2030. India shared a strong trade relationship with Indonesia. 

As per the reports, Indonesia had exported 11 billion US Dollars goods to Indonesia in 2020. Coal, Palm oil and Chemicals were major Indonesia exports to India. On the other hand, Indonesia imports from India were around 4.5 billion USD. Ships, Iron and Meat were top Indonesia imports products. In future, trade between India and Indonesia will only strengthen.

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