In 2023, Indonesia exported products worth $258.8 billion globally. Compared to $292.0 billion in 2022, Indonesia's total export value contracted by -11.4%.

Top Customers for Indonesian Exports

The latest Indonesian export data shows that 77.7% of Indonesia's exports were purchased by importers from the following countries: Mainland China (25.1%), the United States (9.0%), Japan (8.0%), India (7.8%), Singapore (4.9%), Malaysia (4.8%), the Philippines (4.3%), South Korea (4.0%), Vietnam (2.9%), Thailand (2.8%), Taiwan (2.6%), and the Netherlands (1.5%).

From a continental perspective, Indonesia's export value was predominantly directed towards other Asian countries, accounting for three-quarters (75.5%) of exports, while 10.3% went to North American importers. Additionally, Indonesia exported another 8.5% of its goods to Europe. The proportions were smaller for Africa (2.7%), Oceania (1.6%), and Latin America (1.4%).

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Top 10 Export Products from Indonesia

Based on 2-digit HS codes, Indonesian export data reveals that the top 10 export products collectively accounted for over two-thirds (68%) of Indonesia's total exports:

1. Mineral fuels including oil: $59.5 billion (23% of total exports)

2. Animal or vegetable fats, oils, and waxes: $28.5 billion (11%)

3. Iron and steel: $26.7 billion (10.3%)

4. Machinery and equipment: $14.3 billion (5.5%)

5. Vehicles: $11.2 billion (4.3%)

6. Ores, slag, ash: $8.7 billion (3.4%)

7. Precious stones and metals: $7.5 billion (2.9%)

8. Nickel: $6.8 billion (2.6%)

9. Machinery including computers: $6.5 billion (2.5%)

10. Footwear: $6.4 billion (2.5%)

Indonesian export data indicates that precious stones and metals were the fastest-growing category among the top 10 export categories, increasing by 19.1% from 2022 to 2023. This category was driven by increased international revenue from exporting jewelry. Nickel ranked second in export sales improvement, growing by 14%. Indonesia's automotive shipments saw the third-highest growth, increasing by 1.6%. Among Indonesia's top 10 export categories, the largest decline was observed in animal or vegetable fats, oils, and waxes, which decreased by -19.2% compared to the previous year.

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According to more specific HS codes, Indonesian export data shows that its top 10 export products are:

1.HS Code：27011900(8.18%, $22796.75 Million)：Coal, whether or not pulverised, non-agglomerated (excl. anthracite and bituminous coal) + detailed label not available +

2.HS Code：72026000(5.21%, $14510.27 Million)：Ferro-nickel

3.HS Code：15119037(3.38%, $9428.35 Million)：Palm oil and its fractions, whether or not refined (excluding chemically modified and crude): other : fractions of refined oil : liquid fractions : other, with iodine value 55 or more but less than 60

4.HS Code：31021000(3.21%, $8948.76 Million)：Urea, whether or not in aqueous solution (excluding that in pellet or similar forms, or in packages with a gross weight of <= 10 kg)

5.HS Code：84714910(3.19%, $8874.33 Million)：OTHER DIGITAL COMPUTING MACHINES SUPPLIED IN THE FORM OF SYSTEMS FOR CIVIL AVIATION

6.HS Code：29369000(2.8%, $7794.31 Million)：Provitamins and mixtures of vitamins, of provitamins or of concentrates, whether or not in any solvent, and natural concentrates

7.HS Code：26030000(2.52%, $7032.5 Million)：Copper ores and concentrates

8.HS Code：27021000(2.46%, $6853.49 Million)：Lignite, whether or not pulverised, non-agglomerated (excluding jet)

9.HS Code：27111100(2.02%, $5638.66 Million)：Natural gas, liquefied

10.HS Code：27011290(1.88%, $5227.43 Million)：Bituminous coal, whether or not pulverised, non-agglomerated (excl. coking)

In 2023, Indonesian export data shows that the top 10 major exporting companies in the country are:

1.PUPUK KALIMANTAN TIMUR(3.22%, $8955.07 Million)

2.PT DELL INDONESIA(3.19%, $8874.05 Million)

3.PT.ANPARIO BIOTECH INDONESIA(2.8%, $7793.99 Million)

4.ADARO INDONESIA(1.41%, $3932.47 Million)

5.FREEPORT INDONESIA(1.11%, $3091.02 Million)

6.INDONESIA RUIPU NICKEL AND CHROME ALLOY(1.09%, $3036.38 Million)

7.INDONESIA GUANG CHING NICKEL AND STAINLESS STEEL INDUSTRY(1.08%, $3004.05 Million)

8.DEHO CANNING COMPANY(0.94%, $2618.53 Million)

9.PT. BAXTER INTERNASIONAL INDONESIA(0.89%, $2471.96 Million)

10.PT. OBSIDIAN STAINLESS STEEL(0.88%, $2448.59 Million)

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