2023 Jun Indonesia Trade Data Summary: Flat Exports, $3.45B Surplus

Indonesia 2023 Jun Trade Data Key Takeaways

• Market Trend: Indonesia trade data shows flat exports ($20.6B) and imports ($17.15B) in June 2023, maintaining a $3.45B surplus.
• Key Driver: Indonesia import export data reveals China dominates flows (23.3% exports, 28.3% imports), with ASEAN partners critical for regional trade.
• Strategic Gap: Resource-heavy exports (fuels, fats) contrast with tech-driven imports, exposing industrial upgrade needs.

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

Indonesia 2023 Jun Trade Data Trend Overview

• Indonesia's trade engine, a key global supplier of palm oil, minerals, and manufactured goods, posted solid June 2023 Indonesia global trade data, reflecting its role as a Southeast Asian export hub.
• Exports held firm at $20.60 billion, flat year-on-year, while imports also registered no growth at $17.15 billion, indicating a period of stabilized Indonesia import export data flows after prior volatility.
• The stagnancy in both directions resulted in a persistent trade surplus of $3.45 billion for the month, continuing a trend of net trade gains.
• This plateau likely reflects a normalization following earlier commodity-driven swings and a cautious import stance ahead of new regulatory shifts, including impending trade deal negotiations that would later reshape market access [Alvarez & Marsal].

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Indonesia 2023 Jun Top Trading Products

Indonesia Global Trade Core Summary

Indonesia's exports are heavily resource-driven, with mineral fuels (22.5%), animal/vegetable fats (13.3%), and iron/steel (10.6%) dominating. Imports focus on machinery (15.1%), electrical equipment (11.5%), and mineral fuels (14.8%), reflecting industrial and energy needs. The export structure shows high concentration in raw materials, while imports lean toward manufacturing inputs and technology. Key takeaways:

• Resource exports (fuels, fats, ores) make up nearly 50% of total exports.
• Machinery and electrical goods dominate imports, indicating reliance on foreign technology.
• Mineral fuels appear in both top exports and imports, suggesting refining or re-export activities.

Indonesia Export-Import Structural Gap

Indonesia exports raw materials but imports finished goods, a typical pattern for resource-rich economies. The overlap in mineral fuels (HS 27) for both exports and imports points to potential processing trade. Heavy machinery imports (HS 84, 85) contrast with limited high-value exports, highlighting a gap in industrial upgrading. The trade structure reveals dependence on commodity sales and foreign technology, with room to develop domestic manufacturing capabilities.

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

Check Detailed Indonesia Trade HS Code Breakdown

Indonesia 2023 Jun Top Trading Countries

Indonesia Global Trade Key Patterns

Indonesia’s trade flows show a strong reliance on Asia, with Mainland China dominating both exports (23.3%, $4.81B) and imports (28.3%, $4.86B). Export destinations are moderately diversified, with the US (9.5%), India (8.1%), and Japan (7.6%) as key markets, while imports are more concentrated, with China, Japan (8.2%), and Singapore (6.8%) as top suppliers. Regional trade is prominent, with ASEAN partners (Singapore, Malaysia, Philippines, Vietnam) accounting for 18.2% of exports and 21.6% of imports. Key asymmetries include higher export diversification compared to imports and overlapping trade partners (China, Japan, Singapore, Malaysia, South Korea) suggesting processing trade.

• Top exports: China-focused, but diversified across Asia and the US.
• Top imports: Heavy dependence on China, with secondary Asian suppliers.
• Regional role: Strong ASEAN trade ties in both directions.
• Trade overlap: 5 countries appear in both top 10 lists.

Indonesia Export–Import Geographic Gap

Exports are spread across multiple regions (Asia, US), while imports rely heavily on China and a few Asian partners. The overlap in trade partners (e.g., China, Japan, Singapore) indicates integrated supply chains, where Indonesia likely imports components and re-exports finished goods. Export markets are more global, while imports are regionally concentrated, reflecting upstream dependency (especially on China) and downstream diversification. This structure suggests Indonesia is a processing hub within Asian trade networks, with balanced but asymmetric ties.

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 Jun?

Indonesia's top exports in June 2023 were mineral fuels (22.54%), animal/vegetable fats (13.33%), iron and steel (10.57%), electrical machinery (5.63%), and vehicles (4.51%), based on HS code data.

What are the main products Indonesia imports in 2023 Jun?

Key imports included nuclear/reactor machinery (15.05%), mineral fuels (14.80%), electrical machinery (11.50%), iron/steel (5.73%), and vehicles (4.80%), per HS code analysis.

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

Mainland China (28.33%), Japan (8.17%), Singapore (6.77%), the United States (5.30%), and Malaysia (5.27%) were the leading export destinations, according to country trade data.

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

Mainland China (23.34%), the United States (9.50%), India (8.10%), Japan (7.58%), and Singapore (5.01%) were the primary import origins, as shown in the country breakdown.

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

Indonesia maintained a $3.45 billion trade surplus in June 2023, with exports ($20.60B) and imports ($17.15B) both flat year-on-year, reflecting stabilized trade flows.