Indonesia - Mainland China Trade 2023 Q3: Balanced but Volatile
Key Market Takeaways: Indonesia - Mainland China Trade
The bilateral trade relationship between Indonesia and Mainland China shows balanced but volatile dynamics in Q3 2023.
- $31.85B Total Trade, Narrow Surplus: Indonesia held a slight $0.13B surplus, with exports ($15.99B) and imports ($15.86B) nearly matching. YoY growth stalled (0.0% for both), but MoM volatility spiked in August.
- Resource-for-Tech Exchange: Indonesia - Mainland China trade statistics reveal a clear split: 63% of Indonesia’s exports are raw materials (iron/steel, fuels), while 45% of imports are machinery/electronics (HS 84-85).
- Asymmetric Value Chain: Highly complementary but unequal—China captures higher-value manufacturing, while Indonesia supplies critical commodities.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Indonesia-Mainland China Trade Trend in Q3 2023
Indonesia Export Performance: Shipments to Mainland China
- Total Volume: $15.99B in Q3 2023.
- Growth Trend & Context: YoY data shows 0.0% change, indicating stable demand. MoM volatility included a 9.27% surge in August, followed by a -2.97% dip in September.
- Key Volatility: August marked the peak ($5.54B), while September saw the only monthly decline.
Indonesia Import Performance: Sourcing from Mainland China
- Total Volume: $15.86B in Q3 2023.
- Growth Trend & Context: YoY flat at 0.0%. MoM trended downward, with July’s 16.36% jump reversed by consecutive drops in August (-7.11%) and September (-5.64%).
- Key Volatility: July recorded the highest value ($5.65B), but imports tapered off through Q3.
Indonesia - Mainland China Trade Balance & Market Dynamics
- Net Position: Narrow trade surplus of $0.13B (exports marginally exceeded imports).
- Relationship Status: Balanced trade, with Indonesia maintaining slight exporter leverage. Volatility in both flows suggests demand and supply adjustments were synchronized.
Indonesia Import Trend from Mainland China 2023 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 5.65B | 16.36% | 0.0% |
| Aug | 5.25B | -7.11% | 0.0% |
| Sep | 4.96B | -5.64% | 0.0% |
| Total | 15.86B | - | - |
Indonesia Export Trend to Mainland China 2023 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 5.07B | 5.46% | 0.0% |
| Aug | 5.54B | 9.27% | 0.0% |
| Sep | 5.38B | -2.97% | 0.0% |
| Total | 15.99B | - | - |
Get Historical Indonesia Mainland China Trade Records
Indonesia-Mainland China Top Trading Products in Q3 2023
Indonesia Export Profile: What Does Indonesia Sell to Mainland China
- Top Commodity: Rank #1 export is HS 72 (Iron & Steel), accounting for 30.02% of total exports to Mainland China.
- Demand Driver: Mainland China uses these raw materials for industrial processing, likely in construction and manufacturing sectors.
- Concentration: The top 3 exports (Iron & Steel, Mineral Fuels, and Animal/Fats Oils) dominate 63.14% of total exports, indicating high trade concentration.
Indonesia Import Profile: What Does Indonesia Buy from Mainland China
- Top Commodity: Rank #1 import is HS 84 (Nuclear Reactors/Machinery), making up 24.24% of total imports from Mainland China.
- Dependency Nature: Critical technology dependency, as machinery and electrical equipment (HS 84-85) alone cover 44.76% of imports.
Indonesia - Mainland China Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Indonesia exports raw materials (Iron, Mineral Fuels) and imports high-value machinery/electronics.
- Value Chain Position: Mainland China holds the higher value-add position, supplying advanced manufactured goods, while Indonesia provides commodities.
Import Analysis by Product: Mainland China to Indonesia (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 3.84B | 24.24% |
| 85 | 3.25B | 20.52% |
| 39 | 744.78M | 4.70% |
| 72 | 728.76M | 4.59% |
| 29 | 545.19M | 3.44% |
| 87 | 538.47M | 3.40% |
| 73 | 411.16M | 2.59% |
| 94 | 372.35M | 2.35% |
| 27 | 364.46M | 2.30% |
| 38 | 310.26M | 1.96% |
Export Analysis by Product: Indonesia to Mainland China (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 72 | 4.80B | 30.02% |
| 27 | 3.43B | 21.44% |
| 15 | 1.87B | 11.68% |
| 75 | 1.26B | 7.91% |
| 47 | 579.36M | 3.62% |
| 26 | 547.68M | 3.43% |
| 38 | 502.16M | 3.14% |
| 23 | 289.16M | 1.81% |
| 29 | 223.44M | 1.40% |
| 74 | 207.43M | 1.30% |
Check Detailed Indonesia-Mainland China Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Indonesia - Mainland China trade forecast suggests moderate growth with persistent volatility in Q4 2023 and early 2024. Stable demand for Indonesian commodities (Iron & Steel, Mineral Fuels) will likely sustain export volumes, while Mainland China’s machinery and electronics imports may rebound as industrial activity picks up post-Q3 slowdown. However, synchronized MoM fluctuations in both flows indicate sensitivity to global supply chain adjustments and China’s domestic demand shifts. Traders should prepare for asymmetric price swings, particularly in raw materials, as Indonesia’s export concentration heightens exposure to commodity market shocks.
Strategic Moves
- Lock in Long-term Supply Contracts: Indonesian exporters of Iron & Steel (HS 72) must secure fixed-price agreements with Chinese buyers to mitigate volatility risks, especially ahead of potential stimulus-driven demand surges in China’s construction sector.
- Diversify Tech Imports: Reduce overreliance on Mainland China’s machinery (HS 84-85) by sourcing alternative suppliers in Southeast Asia or India, leveraging regional FTAs to avoid single-point dependency.
- Monitor China’s Industrial Policy Signals: Traders should track Beijing’s infrastructure spending plans and export curbs on critical inputs (e.g., rare earths) to preempt disruptions and align Indonesian commodity shipments with real-time demand shifts.
Frequently Asked Questions
How did Indonesia - Mainland China trade perform in 2023 Q3?
Indonesia recorded a stable trade performance in Q3 2023, with exports ($15.99B) and imports ($15.86B) showing 0.0% YoY growth. Monthly volatility was observed, particularly in August and September.
What are the top exports from Indonesia to Mainland China?
The top exports are Iron & Steel (HS 72), Mineral Fuels, and Animal/Fats Oils, which together dominate 63.14% of Indonesia’s exports to Mainland China.
What does Indonesia import from Mainland China?
Indonesia primarily imports Machinery (HS 84) and Electrical Equipment (HS 85), which account for 44.76% of total imports from Mainland China.
What is the trade balance between Indonesia and Mainland China?
Indonesia maintained a narrow trade surplus of $0.13B in Q3 2023, with exports slightly exceeding imports, reflecting balanced trade dynamics.
Indonesia Mainland China Trade 2023 Q2
---

title: "Indonesia - Mainland China Trade 2023 Q2: Balanced Resource-Tech Exchange"
description: "Explore Indonesia Mainland China trade trends in Q2 2023, highlighting a $29.7B exchange with mineral fuels and machinery as top trading products. Data via yTrade."
image: https://io.ytrade.com/ytrade-blog/Cover/indonesia-data/indonesia-mainland-china-trade-2023-q2.webp
create_date: 2023-07-01
update_date: 2023-07-01
author: yTrade
slug: indonesia-mainland-china-trade-2023-q2
category: Import and Export Data
category_slug: import-and-export-data
sub_category: Country Trade Reports
sub_category_slug: country-trade-reports
tags:
- id: 7
  label: "Import Export Data"
  slug: import-export-data
- id: 10
  label: "Indonesia"
  slug: indonesia
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ogTitle: "Indonesia - Mainland China Trade 2023 Q2: Balanced Resource-Tech Exchange"
ogDescription: "Explore Indonesia Mainland China trade trends in Q2 2023, highlighting a $29.7B exchange with mineral fuels and machinery as top trading products. Data via yTrade."
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---

## Key Market Takeaways: Indonesia - Mainland China Trade  

The bilateral trade relationship between **Indonesia** and **Mainland China** shows balanced reliance with volatile monthly swings in Q2 2023.  

- **$29.7B total trade volume** with a **narrow $0.4B deficit for Indonesia**, reflecting stagnant YoY growth but sharp monthly import volatility (e.g., May’s 42.8% MoM surge).  
- **Resource-for-Tech exchange**: Indonesia’s top exports (30.6% mineral fuels) fuel China’s industry, while 22.8% of imports are machinery (HS 84), highlighting critical tech dependency.  
- **Asymmetric value chains**: China holds the high-value manufacturing position, while Indonesia supplies commodities—a stable but uneven complementarity.  

This bilateral trade snapshot is based on verified customs data from the [yTrade database](https://ytrade.com/data-sources).

## Indonesia-Mainland China Trade Trend in Q2 2023

### Indonesia Export Performance: Shipments to Mainland China  
- **Total Volume:** $14.64B in Q2 2023.  
- **Growth Trend & Context:** YoY growth flat (0.0% across all months). No significant policy shifts or disruptions noted.  
- **Key Volatility:** May saw a modest 3.27% MoM rise, while April and June posted declines (-18.09% and -3.72% MoM, respectively).  

### Indonesia Import Performance: Sourcing from Mainland China  
- **Total Volume:** $15.04B in Q2 2023.  
- **Growth Trend & Context:** YoY growth stagnant (0.0%). No news-driven supply shocks detected.  
- **Key Volatility:** Sharp 42.82% MoM surge in May, followed by an 18.85% drop in June. April also fell sharply (-26.73% MoM).  

### Indonesia - Mainland China Trade Balance & Market Dynamics  
- **Net Position:** **Trade deficit of $0.40B** (Imports $15.04B > Exports $14.64B).  
- **Relationship Status:** Indonesia remains a net importer from China, though the deficit is narrow, suggesting balanced reliance. Volatility in imports (notably May’s spike) indicates fluctuating demand or inventory adjustments.

### Indonesia Import Trend from Mainland China 2023 Q2 (Source: yTrade)**

| Month | Value | MoM | YoY |
|-------|-------|-----|-----|
| Apr | 4.19B | -26.73% | 0.0% |
| May | 5.99B | 42.82% | 0.0% |
| Jun | 4.86B | -18.85% | 0.0% |
| **Total** | **15.04B** | - | - |

### Indonesia Export Trend to Mainland China 2023 Q2 (Source: yTrade)**

| Month | Value | MoM | YoY |
|-------|-------|-----|-----|
| Apr | 4.84B | -18.09% | 0.0% |
| May | 4.99B | 3.27% | 0.0% |
| Jun | 4.81B | -3.72% | 0.0% |
| **Total** | **14.64B** | - | - |

[Get Historical Indonesia Mainland China Trade Records](https://ytrade.com/country-coverage)

## Indonesia-Mainland China Top Trading Products in Q2 2023

### Indonesia Export Profile: What Does Indonesia Sell to Mainland China  
- **Top Commodity:** Rank #1 export is **HS 27 (Mineral fuels, oils, distillation products)** at **30.64%** of total exports.  
- **Demand Driver:** Mainland China uses these for industrial processing and energy needs.  
- **Concentration:** The top two categories (HS 27 and HS 72) account for **58.09%**, indicating high trade concentration.  

### Indonesia Import Profile: What Does Indonesia Buy from Mainland China  
- **Top Commodity:** Rank #1 import is **HS 84 (Nuclear reactors, boilers, machinery)** at **22.83%** of total imports.  
- **Dependency Nature:** Critical technology dependency, as machinery and electronics dominate imports.  

### Indonesia - Mainland China Trade Relationship Dynamics  
- **The Exchange Model:** **Resource-for-Tech Complementarity.** Indonesia exports raw materials (fuels, metals) and imports high-tech machinery.  
- **Value Chain Position:** Mainland China holds the higher value-add position, supplying advanced manufacturing goods while Indonesia provides commodities.

### Import Analysis by Product: Mainland China to Indonesia (Source: yTrade)

| HS Code | Value | Percent |
| --- | --- | --- |
| 84 | 3.43B | 22.83% |
| 85 | 3.23B | 21.47% |
| 72 | 764.64M | 5.08% |
| 39 | 666.89M | 4.43% |
| 87 | 503.50M | 3.35% |
| 29 | 478.76M | 3.18% |
| 27 | 406.32M | 2.70% |
| 73 | 389.43M | 2.59% |
| 94 | 341.85M | 2.27% |
| 54 | 330.48M | 2.20% |

### Export Analysis by Product: Indonesia to Mainland China (Source: yTrade)

| HS Code | Value | Percent |
| --- | --- | --- |
| 27 | 4.48B | 30.64% |
| 72 | 4.02B | 27.45% |
| 75 | 1.17B | 7.97% |
| 15 | 1.05B | 7.15% |
| 47 | 744.32M | 5.09% |
| 38 | 411.60M | 2.81% |
| 26 | 372.63M | 2.55% |
| 23 | 181.40M | 1.24% |
| 80 | 178.67M | 1.22% |
| 03 | 170.71M | 1.17% |

[Check Detailed Indonesia-Mainland China Trade HS Code Breakdown](https://ytrade.com/hs-code-coverage)

## Future Outlook & Strategic Recommendations  

### Forecast  
Indonesia’s trade with Mainland China is expected to remain stable in the near term, with modest growth potential constrained by flat YoY performance in Q2 2023. The persistent **resource-for-tech complementarity** will likely sustain trade volumes, but volatility in imports—particularly machinery (HS 84)—suggests demand fluctuations tied to China’s industrial cycles. Exporters of mineral fuels (HS 27) should monitor China’s energy policies for shifts in procurement, while importers must prepare for erratic machinery supply chains. The narrow **trade deficit ($0.40B)** indicates balanced reliance, but Indonesia’s high export concentration (58.09% in top two commodities) leaves it exposed to commodity price swings.  

### Strategic Moves  
- **Lock in Long-Term Fuel Contracts:** Indonesian exporters of HS 27 (mineral fuels) should secure multi-year agreements with Chinese buyers to stabilize revenue amid volatile global energy markets.  
- **Diversify Tech Imports:** Reduce dependency on Chinese machinery (HS 84) by exploring alternative suppliers in South Korea or Japan to mitigate supply chain disruptions.  
- **Boost Secondary Exports:** Target underdeveloped export categories (e.g., agriculture, textiles) to China to dilute reliance on commodities and narrow the trade deficit.

## Frequently Asked Questions

### How did Indonesia - Mainland China trade perform in 2023 Q2?  
Indonesia's exports to Mainland China totaled $14.64B, with flat YoY growth (0.0%). Imports from China reached $15.04B, also showing no YoY change.

### What are the top exports from Indonesia to Mainland China?  
The top export is HS 27 (Mineral fuels, oils, distillation products), accounting for 30.64% of total exports, followed by HS 72 (iron and steel).

### What does Indonesia import from Mainland China?  
The top import is HS 84 (Nuclear reactors, boilers, machinery), making up 22.83% of total imports, reflecting Indonesia's reliance on Chinese technology and machinery.

### What is the trade balance between Indonesia and Mainland China?  
Indonesia recorded a trade deficit of $0.40B with Mainland China in Q2 2023, with imports ($15.04B) slightly exceeding exports ($14.64B).
Indonesia - Mainland China Trade 2023 Q4: Stable Resource-for-Tech Exchange
Indonesia's Mainland China trade trend shows a stable $34.4B exchange, with raw materials dominating exports and machinery as top trading product. Insights via yTrade.
