Indonesia - Vietnam Trade 2025 Q1: $1.22B Surplus
Key Market Takeaways: Indonesia - Vietnam Trade
The bilateral trade relationship between Indonesia and Vietnam solidifies Indonesia's net exporter role with sustained demand in Q1 2025.
- Economic Pulse: Indonesia holds a $1.22B trade surplus ($2.64B exports vs. $1.42B imports), driven by strong YoY export growth (+19% to +69%) amid declining imports.
- Exchange Structure: Indonesia - Vietnam trade statistics reveal a resource-for-tech complementarity—Indonesia supplies mineral fuels (20.7% of exports) while importing high-value electrical machinery (14.9% of imports).
- Strategic Interdependence: Vietnam commands higher value-add in manufacturing, while Indonesia’s commodity-heavy exports fuel Vietnam’s industrial processing needs.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Indonesia-Vietnam Trade Trend in Q1 2025
Indonesia Export Performance: Shipments to Vietnam
- Total Volume: $2.64B in Q1 2025.
- Growth Trend & Context:
- Strong YoY growth across all months (Jan: +19.31%, Feb: +69.08%, Mar: +35.55%), signaling sustained demand.
- Key Volatility: February saw the sharpest MoM surge (+22.38%), while March growth moderated to +4.15%.
Indonesia Import Performance: Sourcing from Vietnam
- Total Volume: $1.42B in Q1 2025.
- Growth Trend & Context:
- YoY declines persisted (Jan: -3.44%, Feb: -16.8%, Mar: -9.5%), reflecting reduced import reliance.
- Key Volatility: March imports rebounded MoM (+28.05%) after a -6.01% drop in February.
Indonesia - Vietnam Trade Balance & Market Dynamics
- Net Position: $1.22B surplus for Indonesia (Exports: $2.64B > Imports: $1.42B).
- Relationship Status: Indonesia solidifies its net exporter role, with exports outpacing imports by 86% in Q1.
Indonesia Import Trend from Vietnam 2025 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 452.77M | 0.0% | -3.44% |
| Feb | 425.55M | -6.01% | -16.8% |
| Mar | 544.91M | 28.05% | -9.5% |
| Total | 1.42B | - | - |
Indonesia Export Trend to Vietnam 2025 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 754.91M | 0.0% | 19.31% |
| Feb | 923.85M | 22.38% | 69.08% |
| Mar | 962.21M | 4.15% | 35.55% |
| Total | 2.64B | - | - |
Get Historical Indonesia Vietnam Trade Records
Indonesia-Vietnam Top Trading Products in Q1 2025
Indonesia Export Profile: What Does Indonesia Sell to Vietnam
- Top Commodity: Rank #1 export is HS 27 (Mineral fuels, oils, distillation products) at 20.69% of total exports to Vietnam.
- Demand Driver: Vietnam uses these for industrial processing, likely as energy inputs for manufacturing.
- Concentration: The top 3 exports (HS 27, 72, 87) account for 47.02%, indicating moderate concentration but no single dominant category.
Indonesia Import Profile: What Does Indonesia Buy from Vietnam
- Top Commodity: Rank #1 import is HS 85 (Electrical machinery, equipment) at 14.89% of total imports from Vietnam.
- Dependency Nature: Critical technology dependency, as Vietnam supplies high-value electronics and machinery components.
Indonesia - Vietnam Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Indonesia exports raw materials (mineral fuels, iron/steel) while importing finished tech goods (electrical machinery, footwear).
- Value Chain Position: Vietnam holds the higher value-add position, exporting complex manufactured goods (HS 85, 84) versus Indonesia’s commodity-heavy exports (HS 27, 72).
Import Analysis by Product: Vietnam to Indonesia (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 211.89M | 14.89% |
| 39 | 123.65M | 8.69% |
| 84 | 108.38M | 7.61% |
| 72 | 106.85M | 7.51% |
| 64 | 91.70M | 6.44% |
| 87 | 88.50M | 6.22% |
| 44 | 59.37M | 4.17% |
| 28 | 56.97M | 4.00% |
| 48 | 53.42M | 3.75% |
| 09 | 47.44M | 3.33% |
Export Analysis by Product: Indonesia to Vietnam (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 546.54M | 20.69% |
| 72 | 349.87M | 13.25% |
| 87 | 345.50M | 13.08% |
| 85 | 203.34M | 7.70% |
| 15 | 194.25M | 7.36% |
| 74 | 152.67M | 5.78% |
| 03 | 106.57M | 4.04% |
| 48 | 82.00M | 3.10% |
| 84 | 67.83M | 2.57% |
| 39 | 59.40M | 2.25% |
Check Detailed Indonesia-Vietnam Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Indonesia’s trade surplus with Vietnam is expected to widen further in Q2 2025, driven by sustained demand for mineral fuels (HS 27) and industrial inputs like iron/steel (HS 72). Vietnam’s reliance on Indonesian energy and raw materials will likely offset its declining exports of electronics (HS 85), reinforcing the resource-for-tech trade dynamic. However, exporters should monitor Vietnam’s potential shifts toward alternative energy suppliers, which could introduce volatility. The Indonesia-Vietnam trade forecast remains bullish, with total bilateral trade volume poised to exceed $4.5B by mid-2025 if current growth rates hold.
Strategic Moves
- Lock in Long-Term Supply Contracts: Indonesian energy exporters should secure multi-year agreements with Vietnamese buyers to stabilize pricing and mitigate future market fluctuations.
- Diversify Export Composition: Indonesia must reduce reliance on commodity exports by promoting higher-value manufactured goods (e.g., processed metals, chemicals) to counter Vietnam’s dominance in tech-driven trade.
- Optimize Logistics for Critical Imports: Vietnamese electronics (HS 85) remain vital for Indonesia’s industrial base—importers should streamline customs clearance and adopt just-in-time inventory systems to avoid disruptions.
Frequently Asked Questions
How did Indonesia - Vietnam trade perform in 2025 Q1?
Indonesia's exports to Vietnam grew strongly (+19.31% to +69.08% YoY), totaling $2.64B, while imports from Vietnam declined (-3.44% to -16.8% YoY), totaling $1.42B.
What are the top exports from Indonesia to Vietnam?
The top exports are HS 27 (Mineral fuels, oils), HS 72 (Iron and steel), and HS 87 (Vehicles), accounting for 47.02% of total exports.
What does Indonesia import from Vietnam?
The top import is HS 85 (Electrical machinery, equipment), making up 14.89% of total imports, reflecting Vietnam's strength in high-value tech goods.
What is the trade balance between Indonesia and Vietnam?
Indonesia recorded a $1.22B trade surplus with Vietnam, as exports outpaced imports by 86% in Q1 2025.
Indonesia - Vietnam Trade 2024 Q2: $639.86M Surplus
Indonesia's trade surplus with Vietnam hits $639.86M in Q2 2024, fueled by mineral fuels exports and cereals imports. Explore Indonesia Vietnam trade trends and top trading products on yTrade.
Indonesia - Vietnam Trade 2025 Q2: Resource-Tech Surplus
Indonesia's $1.04B trade surplus with Vietnam highlights a resource-for-tech exchange, with fuels and metals flowing out and electronics coming in. Explore Indonesia Vietnam trade trends and top trading products via yTrade data.
