2023 Apr Indonesia Global Trade Data Summary: Stable Surplus Amid Volatility

Indonesia 2023 Apr Trade Data Key Takeaways

• Market Trend: Indonesia trade data shows stable flows with $3.93B surplus, exports flat at $19.28B amid global volatility.
• Key Driver: Indonesia import export data reveals fuel & metals dominate exports (48% share), while machinery tops imports (13.2%).
• Strategic Risk: Over-reliance on Asia (China 25% exports, 27% imports) exposes trade to regional shocks.

Analysis covers 2023 Apr based on sanitized customs records from the yTrade database.

Indonesia 2023 Apr Trade Data Trend Overview

• Indonesia, a major Southeast Asian commodity and manufacturing hub, posted a solid trade surplus in April 2023, with its global trade data reflecting a continued export-driven economic model.
• The nation's import export data for the period showed exports holding steady at $19.28B (YoY: 0.0%) while imports totaled $15.35B (YoY: 0.0%), indicating stable, albeit flat, year-on-year trade flows.
• This resulted in a significant trade surplus of $3.93B, underscoring the country's structural tendency to run a positive trade balance.
• The stability in both export and import values, despite global economic crosscurrents, was likely supported by consistent external demand for key commodities and manufactured goods, with domestic demand for imports remaining firm.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Indonesia 2023 Apr Top Trading Products

Indonesia Global Trade Core Summary

Indonesia's trade is heavily resource-driven, with mineral fuels (27.29% of exports) and iron/steel (11.23%) dominating exports. Key imports include machinery (13.20%) and electrical equipment (11.35%), reflecting reliance on industrial inputs. The export basket shows concentration risks, with top 3 categories (fuels, metals, fats/oils) making up nearly half of total exports. Imports are more diversified but highlight dependency on machinery and energy.

• Actionable Takeaways:
  • High export reliance on fuels and metals exposes Indonesia to commodity price swings.
  • Import structure suggests need for industrial machinery to support production.
  • Overlap in iron/steel (exported) and machinery (imported) hints at midstream processing gaps.

Indonesia Export-Import Structural Gap

Indonesia exports raw materials (fuels, ores, fats) but imports finished goods (machinery, vehicles, plastics). This points to a resource-based economy with limited high-value manufacturing. The overlap in electrical machinery (exported and imported) suggests assembly or re-export activity. The import of cereals and animal feed indicates agricultural supply chain gaps. The trade pattern shows potential for upgrading into machinery production or deeper resource processing.

Table: Indonesia Top Import & Export Product Categories (Source: yTrade)

Check Detailed Indonesia Trade HS Code Breakdown

Indonesia 2023 Apr Top Trading Countries

Indonesia Global Trade Key Patterns

Indonesia's trade flows show strong regional concentration, particularly with Asia. Exports are led by Mainland China (25.1%, $4.84B), followed by the US (8.2%, $1.58B) and India (8.0%, $1.54B), indicating moderate diversification. Imports are heavily reliant on Mainland China (27.3%, $4.19B), with Singapore (8.9%, $1.37B) and Japan (6.5%, $991.7M) as secondary sources. Key takeaways:

• Asia dominates, with 6 of the top 10 export destinations and 7 of the top import sources.
• Mainland China is the top partner for both exports and imports.
• Limited Western presence—only the US ranks highly for exports (2nd) and imports (4th).
• Overlap in trade partners like China, Japan, and Singapore suggests integrated supply chains.

Indonesia Export–Import Geographic Gap

Exports are more diversified across Asia and include the US, while imports depend heavily on China and regional neighbors. The US is a major export market but a smaller import source, showing demand asymmetry. Shared partners (China, Japan, Singapore, Malaysia, South Korea) hint at processing trade. The structure implies upstream dependency (concentrated imports) and downstream diversification (broader exports), typical of manufacturing-driven economies. Trade remains Asia-centric, with limited diversification beyond the region.

Table: Indonesia Top Destiantion & Origin Countries (Source: yTrade)

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Frequently Asked Questions

What are the major products exported by Indonesia in 2023 Apr?

Indonesia's top exports in April 2023 were mineral fuels/oils (27.29% share, $5.26B), iron and steel (11.23%, $2.16B), and animal/vegetable fats (9.10%, $1.75B), based on HS code data.

What are the main products Indonesia imports in 2023 Apr?

The country primarily imported mineral fuels/oils (21.76%, $3.34B), machinery (13.20%, $2.03B), and electrical equipment (11.35%, $1.74B) during this period.

Which countries are the top destinations for Indonesia's exports in 2023 Apr?

Mainland China (27.31%, $4.19B), Singapore (8.90%, $1.37B), and Japan (6.46%, $991.71M) were the leading export destinations.

Which countries supply most of Indonesia's imports in 2023 Apr?

Mainland China (25.08%, $4.84B), the United States (8.17%, $1.58B), and India (8.01%, $1.54B) were the top import sources.

How balanced are Indonesia's export and import markets in 2023 Apr?

Indonesia recorded a $3.93B trade surplus, with exports ($19.28B) exceeding imports ($15.35B), reflecting its export-driven trade model.