2024 Apr Indonesia Global Trade Data Summary: Surplus Widens

Indonesia 2024 Apr Trade Data Key Takeaways

• Market Trend: Indonesia trade data shows exports up 1.7% and imports surging 10.1%, widening the surplus to $2.72B.
• Key Driver: Indonesia import export data reveals mineral fuels dominate exports (23.3%), while machinery imports (13.15%) signal industrial gaps.
• Strategic Risk: Heavy import reliance on China (27.86%) exposes supply chain vulnerabilities amid regional trade dominance.

Analysis covers 2024 Apr based on sanitized customs records from the yTrade database.

Indonesia 2024 Apr Trade Data Trend Overview

• Southeast Asia's manufacturing and commodity export hub posted resilient April 2024 Indonesia global trade data, underscoring its strategic role in regional supply chains despite global headwinds.
• The April 2024 Indonesia import export data showed exports rising 1.7% year-on-year to $19.62 billion, while imports grew at a faster clip of 10.1% to $16.90 billion, reflecting robust domestic demand for capital goods and inputs.
• This resulted in a trade surplus of $2.72 billion, maintaining Indonesia's consistent surplus position driven by commodity strength and manufactured goods exports.
• The import growth outpacing exports aligns with ongoing domestic infrastructure investment and industrial capacity expansion, as noted in the country's broader trade policy modernization efforts [Indonesia's New Trade Deals: Expanding Global Partnerships].

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Indonesia 2024 Apr Top Trading Products

Indonesia Global Trade Core Summary

Indonesia's trade is heavily resource-driven, with mineral fuels (23.3%), iron and steel (11.06%), and animal/vegetable fats (9.54%) dominating exports. Imports are more diverse, led by mineral fuels (19.82%), machinery (13.15%), and electrical equipment (12.67%). The export structure shows high concentration in raw and semi-processed goods, while imports lean toward industrial machinery and consumer goods. Key takeaways:

• Resource dependence: Exports rely on fuels and metals, exposing Indonesia to commodity price swings.
• Industrial gap: High machinery imports suggest reliance on foreign technology.
• Food security risks: Cereals and sugars rank among top imports, indicating agricultural deficits.

Indonesia Export-Import Structural Gap

Indonesia exports raw materials but imports finished goods, highlighting an unfinished industrial base. Mineral fuels appear in both export and import top lists, suggesting refining or re-export activities. The machinery-heavy import basket contrasts with limited high-value exports, pointing to manufacturing gaps. Overlap in iron/steel trade (exported as raw, imported as processed) reveals potential for local value addition. This structure positions Indonesia as a supplier of resources rather than advanced goods, with room to upgrade production chains.

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

Check Detailed Indonesia Trade HS Code Breakdown

Indonesia 2024 Apr Top Trading Countries

Indonesia Global Trade Key Patterns

Indonesia's exports show a strong concentration in Asia, with Mainland China as the top destination (22.93% share, $4.50B), followed by India (9.26%) and the U.S. (8.96%). Imports are also heavily reliant on Asia, led by Mainland China (27.86%, $4.71B) and Singapore (10.45%). Key asymmetries include:

• Export diversification across Asia (China, India, Japan, ASEAN) and the U.S.
• Import dependence on China and Singapore, accounting for nearly 40% combined.
• Regional trade dominance, with 7 of the top 10 export and import partners in Asia.
• Limited overlap—only China, Japan, the U.S., and ASEAN nations appear in both lists.

Indonesia Export–Import Geographic Gap

Exports are more diversified, reaching major global markets (U.S., India) alongside regional buyers, while imports rely heavily on China and Singapore. The structure suggests upstream dependency (imports concentrated in a few suppliers) and downstream diversification (exports spread across multiple markets). Overlapping partners like China, Japan, and ASEAN nations hint at processing trade, but the gap between export and import geographies remains pronounced. Trade leans regional, with limited global supplier diversification.

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

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Frequently Asked Questions

What are the major products exported by Indonesia in 2024 Apr?

Indonesia's top exports in April 2024 were mineral fuels/oils (23.30%), iron and steel (11.06%), animal/vegetable fats (9.54%), and electrical machinery (5.04%), based on HS code data.

What are the main products Indonesia imports in 2024 Apr?

Key imports included mineral fuels/oils (19.82%), nuclear/machinery equipment (13.15%), electrical machinery (12.67%), and iron/steel (4.35%), per HS code analysis.

Which countries are the top destinations for Indonesia's exports in 2024 Apr?

Mainland China (27.86%), Singapore (10.45%), and Japan (6.16%) were the leading export destinations, according to country trade data.

Which countries supply most of Indonesia's imports in 2024 Apr?

Mainland China (22.93%), India (9.26%), and the United States (8.96%) were the primary import sources, as shown in the country trade breakdown.

How balanced are Indonesia's export and import markets in 2024 Apr?

Indonesia maintained a $2.72 billion trade surplus in April 2024, with exports growing 1.7% ($19.62B) and imports rising 10.1% ($16.90B), reflecting strong commodity exports and domestic demand.