Top Indonesia Exports 2023 Q3: Commodity Powerhouse
Indonesia Export Portfolio Overview in 2023 Q3
- Mineral fuels and vegetable oils dominate, accounting for 32.5% of total exports.
- High concentration risk: Top 3 sectors represent 43.2% of export value.
- Reflects Indonesia's dual identity as commodity powerhouse and emerging manufacturing base.
Table: Indonesia Top Export Product in 2023 Q3 (Source: yTrade)
| HS Code | Description | Value | Percent |
|---|---|---|---|
| 27 | Mineral fuels, mineral oils and products of their distill... | 12.73B | 20.01% |
| 15 | Animal or vegetable fats and oils and their cleavage prod... | 7.97B | 12.53% |
| 72 | Iron and steel | 6.76B | 10.64% |
| 85 | Electrical machinery and equipment and parts thereof; sou... | 3.66B | 5.75% |
| 87 | Vehicles other than railway or tramway rolling-stock, and... | 2.95B | 4.64% |
| 26 | Ores, slag and ash | 2.37B | 3.73% |
| 75 | Nickel and articles thereof | 1.64B | 2.58% |
| 84 | Nuclear reactors, boilers, machinery and mechanical appli... | 1.59B | 2.50% |
| 38 | Miscellaneous chemical products | 1.56B | 2.45% |
| 64 | Footwear, gaiters and the like; parts of such articles | 1.51B | 2.38% |
Get Complete Indonesia Export HS Code Breakdown
Key Driver: Mineral Fuels and Oils (HS 27)
- Driven by coal (HS 2701) at $7.01B (55.1% of sector).
- Primarily raw material exports with minimal processing.
- Indonesia leverages massive coal reserves and geographic proximity to key Asian energy markets.
Table: HS Code 27 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 2701 | 7.01B | 55.10% |
| 2711 | 2.19B | 17.23% |
| 2702 | 1.56B | 12.23% |
| 2710 | 1.18B | 9.31% |
| 2709 | 388.00M | 3.05% |
| 2713 | 180.70M | 1.42% |
| 2704 | 139.36M | 1.10% |
| 2707 | 52.61M | 0.41% |
| 2706 | 13.17M | 0.10% |
| 2712 | 5.12M | 0.04% |
Get Complete Indonesia Export HS Code Breakdown
Key Driver: Vegetable Oils (HS 15)
- Palm oil (HS 1511) dominates at $6.52B (81.8% of sector).
- Acts as complement to energy exports through biofuel linkages.
- Strategic importance: Indonesia controls 60% of global palm oil supply, creating pricing power.
Table: HS Code 15 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 1511 | 6.52B | 81.78% |
| 1513 | 524.35M | 6.58% |
| 1517 | 440.71M | 5.53% |
| 1516 | 332.32M | 4.17% |
| 1518 | 56.24M | 0.71% |
| 1520 | 55.91M | 0.70% |
| 1522 | 32.91M | 0.41% |
| 1515 | 8.55M | 0.11% |
| 1504 | 1.36M | 0.02% |
| 1501 | 32.15K | 0.00% |
Get Complete Indonesia Export HS Code Breakdown
Key Driver: Iron and Steel (HS 72)
- Iron ore and concentrate (HS 7202) leads at $4.05B (59.9% of sector).
- Represents emerging value chain integration as Indonesia restricts raw ore exports.
- Signals policy-driven shift toward domestic smelting and intermediate goods production.
Table: HS Code 72 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 7202 | 4.05B | 59.85% |
| 7219 | 1.28B | 18.93% |
| 7218 | 711.69M | 10.52% |
| 7207 | 383.92M | 5.68% |
| 7208 | 154.59M | 2.29% |
| 7213 | 102.07M | 1.51% |
| 7214 | 22.66M | 0.33% |
| 7204 | 13.97M | 0.21% |
| 7210 | 12.97M | 0.19% |
| 7216 | 6.91M | 0.10% |
Access Indonesia Complete Export Profile
Frequently Asked Questions
What is Indonesia's largest export commodity in 2023 Q3?
The largest export category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $12.73B. This sector is primarily driven by exports of Coal; briquettes, ovoids, and similar solid fuels (HS 2701), which alone accounted for $7.01B (55.1%) of the total.
Which specific Mineral fuels products does Indonesia export most in 2023 Q3?
Within the Mineral fuels sector, the top exports are:
- Coal; briquettes, ovoids, and similar solid fuels (HS 2701) at $7.01B (55.1%)
- Petroleum gases and other gaseous hydrocarbons (HS 2711) at $2.19B (17.23%)
Together, these two products make up 72.33% of the industry's exports.
Does Indonesia export Animal or vegetable fats and oils in 2023 Q3?
Yes. Animal or vegetable fats and oils (HS 15) is Indonesia’s second-largest export sector, valued at $7.97B. The primary driver is Palm oil and its fractions (HS 1511), contributing $6.52B (81.78%) of the total.
What are the main industries driving Indonesia's economy?
Indonesia’s economy is concentrated in three key sectors:
- Mineral fuels (HS 27) at $12.73B (20.01%)
- Animal/vegetable fats (HS 15) at $7.97B (12.53%)
- Iron and steel (HS 72) at $6.76B (10.64%)
Together, these account for 43.18% of total exports, indicating heavy reliance on commodities.
How to find Indonesia Mineral fuels suppliers?
You can access a list of active suppliers and exporters for Mineral fuels (HS 27) using the yTrade database, which provides detailed shipment records and company contacts.
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