2023 Dec Indonesia Trade Data Summary: Stable Surplus

Indonesia 2023 Dec Trade Data Key Takeaways

• Market Trend: Indonesia trade data shows stable exports ($22.39B) and imports ($19.11B) in Dec 2023, maintaining a $3.28B surplus.
• Key Driver: Indonesia import export data reveals mineral fuels (23.9% of exports) and machinery (14.3% of imports) as top traded categories.
• Strategic Risk: Heavy reliance on China (27.3% exports, 28.8% imports) exposes trade to regional supply chain disruptions.

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

Indonesia 2023 Dec Trade Data Trend Overview

• Indonesia, a major Southeast Asian manufacturing and commodity hub, closed 2023 with steady Indonesia global trade data, reflecting its role as a net exporter in global supply chains.
• The country's Indonesia import export data for December shows exports of $22.39 billion and imports of $19.11 billion, both holding flat year-on-year, indicating stable demand for its key shipments and industrial inputs.
• This resulted in a solid trade surplus of $3.28 billion for the month, reinforcing Indonesia’s structural trade advantage.
• The flat annual performance was likely supported by ongoing trade policy modernization and efforts to deepen regional partnerships, though specific 2023 drivers fall outside current cited reporting.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

Get Historical Indonesia Trade Data

Indonesia 2023 Dec Top Trading Products

Indonesia Global Trade Core Summary

Indonesia's trade is heavily resource-driven, with mineral fuels (23.9%), iron and steel (10.2%), and animal/vegetable oils (9%) dominating exports. Imports are more diversified, led by mineral fuels (20.4%), machinery (14.3%), and electrical equipment (10.2%). The country relies on raw material exports while importing high-value machinery and manufactured goods. Key takeaways:

• Resource dependence: Exports are concentrated in fuels, metals, and agricultural oils.
• Industrial gap: High imports of machinery and electronics reveal manufacturing weaknesses.
• Food security risks: Cereals and sugars rank among top imports, indicating reliance on foreign food supplies.

Indonesia Export-Import Structural Gap

Indonesia exports raw materials but imports finished goods, showing a classic resource-based economy. Mineral fuels are both a top export and import, suggesting refining or re-export activities. The mismatch between steel exports (10.2%) and machinery imports (14.3%) highlights unfinished industrial development. The trade structure points to opportunities in local processing—converting ores and oils into higher-value products before export. Limited high-tech exports (e.g., electronics at 4.9%) reveal room for industrial upgrading.

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

Check Detailed Indonesia Trade HS Code Breakdown

Indonesia 2023 Dec Top Trading Countries

Indonesia Global Trade Key Patterns

Indonesia's trade flows show strong regional ties, with Mainland China dominating both exports (27.3% share, $6.1B) and imports (28.8%, $5.5B). Export destinations are moderately concentrated, with the top 3 markets (China, US, India) absorbing 44.7% of shipments. Imports are slightly more diversified, with China, Singapore, and Japan collectively supplying 44.1%. Key asymmetries include higher reliance on India (8.2%) for exports versus minimal import links, and stronger import ties with Australia (4.8%) and Brazil (3.8%) absent from top export markets.

• Top exports go to Asia (China, India, Japan, ASEAN)
• Imports also Asia-heavy but include raw material suppliers (Australia, Brazil)
• China is the dominant partner for both sales and purchases
• US is a major export market but minor import source
• Limited overlap beyond China, Japan, Singapore, Malaysia

Indonesia Export–Import Geographic Gap

Exports target a broader mix of developed (US, Japan) and emerging (India, Philippines) markets, while imports lean heavily on regional Asian suppliers and commodity producers. The US accounts for 9.2% of exports but only 5% of imports, suggesting downstream diversification. Overlaps with China, Japan, Singapore, and Malaysia indicate processing trade. The structure points to upstream dependency on regional manufacturing hubs (China, ASEAN) and raw material providers (Australia, Brazil), paired with export diversification across both advanced and developing economies.

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 Dec?

Indonesia's top exports in December 2023 were mineral fuels and oils (23.9% share, $5.35B), iron and steel (10.2%, $2.28B), and animal/vegetable fats (8.97%, $2.01B), based on HS code data.

What are the main products Indonesia imports in 2023 Dec?

Key imports included mineral fuels/oils (20.4%, $3.90B), machinery (14.34%, $2.74B), and electrical equipment (10.24%, $1.96B), per HS code analysis.

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

Mainland China ($5.49B, 28.75%), Singapore ($1.69B, 8.86%), and Japan ($1.24B, 6.5%) were the leading export destinations according to trade data.

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

Mainland China ($6.10B, 27.26%), the United States ($2.07B, 9.24%), and India ($1.84B, 8.2%) were the primary import origins.

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

Indonesia maintained a $3.28B trade surplus in December 2023, with exports at $22.39B and imports at $19.11B, reflecting stable trade performance.