Top Indonesia Exports 2024: Commodity Dominance
Indonesia Export Portfolio Overview in 2024 Whole Year
- Dominated by mineral fuels and oils (HS 27, 21.93%) and iron/steel (HS 72, 10.04%), reflecting a heavy reliance on extractive and primary industrial sectors.
- High concentration risk: Top three sectors (fuels, metals, vegetable oils) account for over 40% of total export value, exposing the economy to commodity price swings.
- This structure reinforces Indonesia’s role as a global supplier of raw and semi-processed materials, not a finished goods exporter.
Table: Indonesia Top Export Product in 2024 (Source: yTrade)
| HS Code | Description | Value | Percent |
|---|---|---|---|
| 27 | Mineral fuels, mineral oils and products of their distill... | 22.87B | 21.93% |
| 72 | Iron and steel | 10.47B | 10.04% |
| 15 | Animal or vegetable fats and oils and their cleavage prod... | 9.44B | 9.06% |
| 85 | Electrical machinery and equipment and parts thereof; sou... | 5.81B | 5.58% |
| 26 | Ores, slag and ash | 4.30B | 4.12% |
| 71 | Natural or cultured pearls, precious or semi-precious sto... | 4.24B | 4.07% |
| 87 | Vehicles other than railway or tramway rolling-stock, and... | 4.23B | 4.06% |
| 75 | Nickel and articles thereof | 2.90B | 2.79% |
| 64 | Footwear, gaiters and the like; parts of such articles | 2.74B | 2.63% |
| 84 | Nuclear reactors, boilers, machinery and mechanical appli... | 2.58B | 2.48% |
Get Complete Indonesia Export HS Code Breakdown
Key Driver: Mineral Fuels, Mineral Oils and Products
- Dominated by coal (HS 2701, 55.40% of sector value), a low-value raw material with limited processing.
- Export profile is resource-driven, not value-added: advantages lie in geological reserves and mining scale, not technology or labor skill.
- This reflects persistent commodity dependency, despite government efforts to promote downstream processing.
Table: HS Code 27 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 2701 | 12.67B | 55.40% |
| 2711 | 3.52B | 15.38% |
| 2702 | 2.94B | 12.88% |
| 2710 | 1.72B | 7.54% |
| 2709 | 916.60M | 4.01% |
| 2713 | 502.77M | 2.20% |
| 2704 | 496.26M | 2.17% |
| 2707 | 63.29M | 0.28% |
| 2706 | 25.34M | 0.11% |
| 2712 | 9.48M | 0.04% |
Get Complete Indonesia Export HS Code Breakdown
Key Driver: Iron and Steel
- Led by ferro-alloys (HS 7202, 52.49%), an intermediate product used in steelmaking globally.
- Acts as a complement to fuel exports: both sectors feed industrial supply chains but leave Indonesia exposed to cyclical demand.
- Strategic as a pillar of domestic industrial policy, but value capture remains mid-chain, not final.
Table: HS Code 72 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 7202 | 5.49B | 52.49% |
| 7219 | 2.26B | 21.62% |
| 7218 | 1.20B | 11.44% |
| 7207 | 936.90M | 8.95% |
| 7208 | 236.04M | 2.25% |
| 7213 | 152.61M | 1.46% |
| 7201 | 64.18M | 0.61% |
| 7214 | 29.33M | 0.28% |
| 7210 | 28.03M | 0.27% |
| 7204 | 24.76M | 0.24% |
Get Complete Indonesia Export HS Code Breakdown
Key Driver: Animal or Vegetable Fats and Oils
- Driven by palm oil (HS 1511, 73.72% of sector), a bulk agricultural commodity with volatile pricing.
- Functions as a stable legacy export: Indonesia is the world’s largest palm oil producer, but faces sustainability pressures.
- Represents diversification away from minerals, but still operates as a raw material supplier with weak downstream integration.
Table: HS Code 15 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 1511 | 6.96B | 73.72% |
| 1513 | 870.12M | 9.22% |
| 1517 | 693.52M | 7.35% |
| 1516 | 559.82M | 5.93% |
| 1518 | 125.33M | 1.33% |
| 1522 | 109.07M | 1.16% |
| 1520 | 102.93M | 1.09% |
| 1515 | 16.42M | 0.17% |
| 1504 | 3.24M | 0.03% |
| 1512 | 316.57K | 0.00% |
Access Indonesia Complete Export Profile
Frequently Asked Questions
What is Indonesia's largest export commodity in 2024 Whole Year?
The largest export category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $22.87B. This sector is primarily driven by exports of Coal; briquettes, ovoids and similar solid fuels (HS 2701), which alone accounts for 55.40% ($12.67B) of the total.
Which specific Mineral fuels products does Indonesia export most in 2024 Whole Year?
Within the Mineral fuels sector, the top exports are:
- Coal; briquettes, ovoids, and similar solid fuels (HS 2701) - $12.67B (55.40%)
- Petroleum gases and other gaseous hydrocarbons (HS 2711) - $3.52B (15.38%)
- Lignite (HS 2702) - $2.94B (12.88%)
Does Indonesia export Iron and steel in 2024 Whole Year?
Yes, Iron and steel (HS 72) is Indonesia’s second-largest export sector, valued at $10.47B. The primary driver is Ferro-alloys (HS 7202), contributing 52.49% ($5.49B) of the total.
What are the main industries driving Indonesia's economy?
Indonesia’s export economy is heavily reliant on its top three industries:
- Mineral fuels (HS 27) - $22.87B (21.93%)
- Iron and steel (HS 72) - $10.47B (10.04%)
- Animal/vegetable fats and oils (HS 15) - $9.44B (9.06%)
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.
Detailed Quarterly Report
Indonesia Top Export Product 2024 Q1Indonesia Top Export Product 2024 Q2
Top Indonesia Exports 2023 Q4: Commodity Dominance
Indonesia's top export product in Q4 2023 was dominated by mineral fuels and vegetable oils, reflecting its role as a global commodity supplier. Discover key trends and top export destinations with yTrade.
Top Indonesia Exports 2024 Q1: Commodity Dominance
Indonesia's top export product in Q1 2024 was dominated by mineral fuels and vegetable oils, highlighting its role as a global commodity supplier. Discover key trends and top export destinations with yTrade.
