Indonesia is the 14th ranking largest land-measured country in the world. It is one of the reasons why the country’s service sector compensates for its gross domestic product by 43%. Only 12% approximate credit goes to the agricultural sector. And, the remaining 38% remains industrial. With that being said, Oil & Gas industries in Indonesia are widely exporting to other countries and having their trade balance gap decrease by a countable percentage per year. According to the Indonesia Import Export Data, the country’s average trade balance has remained not more than 750 million Dollars from 1960-2021. In 2019, the trade balance recorded a deficit of approximately 3 billion. Whereas, as of today, Indonesia's trade balance is only $2 billion. Henceforth, the scope of starting an import export business in Indonesia seems like an all-time high.
Here are some Indonesia Custom Data Statistics that you must acknowledge before you invest in Indonesian Import Export Business. The following facts will help you determine significant insights and decide which Indonesia trade partner is perfect to trade with, depending on the type of commodity/service you are focused on. For more statistics, go to www.cybex.in.
Let’s get started:
What does Indonesia Import Export at average?
Cybex Exim Solution gives an access to a solid and verified Indonesia Import Export Data which reveals the following being Indonesia top 10 exporting commodities:
What is the main export of Indonesia?
- Fats produced from Animals and Vegetables including Oils and Waxes (worth $20.7 billion. Total coverage: 12.7%)
- Iron, Steel and other material (worth: $10.8 billion, total coverage: 6.6%)
- Electrical Equipments for machinery and finished machinery products (worth: 9.2 billion USD, total coverage: 5.7%)
- Gems, Pearls, other precious metals such as gold and diamond (worth: 8.2 billion USD, total coverage: 5%)
- Vehicles (Daihatsu, Honda, Mitsubishi, Suzuki, Toyota) (worth: $6.6 billion, total coverage: 4%, Growth of industry: 15% in 2021).
- Rubber and rubber-based micro accessories/articles (worth: $5.6 billion, total coverage: 3.4%)
- Computer, SmartPhone, and intellectual machinery (worth: 5.2 billion USD, total coverage: 3.2%)
- Footwear (total growth in 2021: 8.9%, worth: 4.8 billion USD, total coverage: 3% approximately)
- Paper and paper-based stationery articles like Notebooks (worth: $4.2 billion, total coverage: 2.6%)
Now that we know what Indonesia's top exports are? Let’s take a glimpse at top imports:
What are the major imports of Indonesia?
According to Indonesia Import Data with Cybex.in, its top 10 imports cover 70% of total imports. You will be surprised to acknowledge that Indonesian Exporters import machinery, iron & steel, vehicles, and electronic equipment at large to re-export them to other countries at high rates. A part of repeated export also goes to the Indonesian native consumers out of high demand for such products.
- Computer, SmartPhone, and intellectual machinery (worth: 21.8 billion USD, total coverage: 15.4%)
- Electrical Equipments for machinery and finished machinery products (worth: 19.1 billion USD, total coverage: 13.5%)
- Oil and other Mineral Fuel (worth: 15.8 billion Dollars, total coverage: 11.1%).
- Plastic and plastic-based micro accessories/articles (worth: $7.2 billion, total coverage: 5.1%)
- Iron, Steel and other material (worth: $6.9 billion, total coverage: 4.8%)
- Organic chemicals (worth: $5 billion, total coverage: 3.5%)
- Vehicles (Toyota at large) (worth: $4.4 billion, total coverage: 3.1%)
- Breakfast and dietary cereals (worth: $3 billion, total coverage: 2%)
- Chemical goods (worth: $3 billion, total coverage: 2.1%)
- Food waste, industrial waste, and animal fodder (worth: 2.9 billion USD, total coverage: 2.1%)
Where does Indonesia import from?
Indonesia’s top import partner is China currently. The country depends on China for 16% of total imports. 10% Indonesian imports are covered by the USA. Japan, Singapore, and India are also highly involved in trading with Indonesia.
China, Singapore, Japan, Thailand and the USA are also the top exporting partners of Indonesia. Do you know? Indonesia’s 26% of total export goes to China.
For more information, subscribe to www.cybex.in and get complete access to Custom Data Indonesia from 1990 to 2021. With cybex, you never miss on latest import-export trends and opportunities.
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