Indonesia’s Top 10 Exports

Bali fabrics

Bali fabrics

Located mostly in Southeast Asia extending to some territories in the Oceania continent across from Australia, the Republic of Indonesia shipped US$168.8 billion worth of goods around the globe in 2017. That dollar amount reflects a -7.5% drop since 2013 but up by 16.8% from 2015 to 2016.

From January to March 2018, exported goods from Indonesia were valued at $44.3 billion. This three-month metric puts Indonesian exports on track for an annualized $177.1 billion estimated for all 2018.

Based on estimates from the Central Intelligence Agency’s World Factbook, Indonesia’s exported goods plus services represent 19.2% of total Indonesian economic output or Gross Domestic Product. Please note that the overall value of exported goods and services includes a sizable share of re-exports. The analysis below focuses on exported products only.

From a continental perspective, 70.7% of Indonesian exports by value were delivered to fellow Asian countries while 11.6% were sold to North American importers closely trailed by European destinations at 11.4%. Smaller percentages were shipped to Africa (2.8%), Australia and other Oceania importers (1.9%) and Latin America excluding Mexico but including the Caribbean (1.5%).

Given Indonesia’s population of 260.6 million people, its total $168.8 billion in 2017 exports translates to roughly $650 for every resident in that country.

Indonesia’s unemployment rate was 5.5% at December 2017 down from 5.61% as of September 2016, according to Trading Economics.

Indonesia’s Top 10 Exports

Top 10

The following export product groups represent the highest dollar value in Indonesian global shipments during 2017. Also shown is the percentage share each export category represents in terms of overall exports from Indonesia.

  1. Mineral fuels including oil: US$36.9 billion (21.8% of total exports)
  2. Animal/vegetable fats, oils, waxes: $23 billion (13.6%)
  3. Electrical machinery, equipment: $8.5 billion (5%)
  4. Rubber, rubber articles: $7.7 billion (4.6%)
  5. Vehicles: $6.8 billion (4%)
  6. Machinery including computers: $5.9 billion (3.5%)
  7. Gems, precious metals: $5.6 billion (3.3%)
  8. Footwear: $4.9 billion (2.9%)
  9. Clothing, accessories (not knit or crochet): $4.1 billion (2.5%)
  10. Wood: $4 billion (2.4%)

Indonesia’s top 10 exports account for almost two-thirds (63.6%) of Indonesia’s total exports.

Up by 36.7% from 2016 to 2017, rubber and articles made from rubber posted the fastest-growing among the top 10 export categories.

In second place for improving export sales were mineral fuels-related products which rose in value by 32.3% led by coal, petroleum gas, lignite and refined petroleum oils.

Animal or vegetable fats, oils and waxes generated the third-fastest gain in value via a 26% year-over-year improvement, trailed by the 16.5% uptick for Indonesia’s exported vehicle sales.

Gems and precious metals was the sole declining category retreating in value by -11.9% since 2016, thanks mainly to slowing jewelry exports.

Note that the results listed above are at the categorized two-digit Harmonized Tariff System (HTS) code level. For a more granular view of exported goods at the four-digit HTS code level, see the section Searchable List of Indonesia’s Most Valuable Export Products below.

Advantages

Overall Indonesia garnered an $11.9 billion trade surplus during 2017, up 34.5% from $8.8 billion in black ink in 2016.

The following types of Indonesian product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.

In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.

  1. Animal/vegetable fats, oils, waxes: US$22.8 billion (Up by 26.1% since 2016)
  2. Mineral fuels including oil: $11.4 billion (Up by 32.5%)
  3. Rubber, rubber articles: $5.7 billion (Up by 43%)
  4. Gems, precious metals: $4.5 billion (Down by -18.3%)
  5. Footwear: $4.3 billion (Up by 3.6%)
  6. Clothing, accessories (not knit or crochet): $3.8 billion (Up by 5.2%)
  7. Wood: $3.6 billion (Up by 2%)
  8. Knit or crochet clothing, accessories: $3.5 billion (Up by 11.4%)
  9. Ores, slag, ash: $3.3 billion (Down by -0.1%)
  10. Fish: $3 billion (Up by 12%)

Indonesia has highly positive net exports in the international trade of palm oil, coconut oil and margarine. In turn, these cashflows indicate Indonesia’s strong competitive advantages under the animal or vegetable fats and oils product category.

Opportunities

Below are exports from Indonesia that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Indonesia’s goods trail Indonesian importer spending on foreign products.

  1. Machinery including computers: -US$15.9 billion (Up by 1.8% since 2016)
  2. Electrical machinery, equipment: -$9.5 billion (Up by 30%)
  3. Plastics, plastic articles: -$5.3 billion (Up by 12.3%)
  4. Iron, steel: -$4.6 billion (Up by 6.5%)
  5. Cereals: -$2.9 billion (Down by -8.1%)
  6. Organic chemicals: -$2.8 billion (Up by 15.6%)
  7. Sugar, sugar confectionery: -$2.1 billion (Down by -0.8%)
  8. Food industry waste, animal fodder: -$2 billion (Up by 6.3%)
  9. Optical, technical, medical apparatus: -$2 billion (Up by 9.9%)
  10. Articles of iron or steel: -$1.6 billion (Up by 23.4%)

Indonesia has highly negative net exports and therefore deep international trade deficits for machinery, particularly computers.

Companies

Indonesian Export Companies

Nine Indonesian corporations rank among Forbes Global 2000. Below is a sample of the major Indonesian conglomerates that Forbes included:

  • Gudang Garam (Tobacco)
  • Semen Indonesia (Construction Materials)
  • Telekom Indonesia (Telecommunications services)

Wikipedia also lists exporters from Indonesia. Selected examples are shown below:

  • Astra International (financial/industrial conglomerate)
  • Bumi Resources (coal)
  • Djarum (tobacco cigarettes)
  • Dragon Computer & Communication (computer hardware)
  • Krakatau Steel (steel products)
  • MedcoEnergi (oil, gas)
  • Pertamina (oil, natural gas)
  • United Tractors (heavy equipment)


 

Searchable List of Indonesia’s Most Valuable Export Products

At the more granular four-digit HTS code level, Indonesia’s top export products are palm oil an coal followed by petroleum gases, crude oil, natural rubber and copper then cars.

The following searchable table displays 200 of the most in-demand goods shipped from Indonesia during 2017. Shown beside each product label is its total export value then the percentage increase or decrease since 2016.

RankIndonesia's Export Product2017 Value (US$)Change
1Palm oil$18.5 billion+28.9%
2Coal, solid fuels made from coal$17.9 billion+38.5%
3Petroleum gases$8.9 billion+25.9%
4Crude oil$5.2 billion+0.8%
5Natural rubber$5.1 billion+51.4%
6Copper ores, concentrates$3.4 billion-1.2%
7Cars$3.1 billion+20.7%
8Coconut/palm/babassu oil$3 billion+11.1%
9Industrial fatty acids and alcohols$3 billion+28.4%
10Jewelry$2.6 billion-35.3%
11Lignite$2.6 billion+60.8%
12Footwear (leather)$2.6 billion+12.9%
13Chemical woodpulp (non-dissolving)$2.3 billion+46.5%
14Automobile parts/accessories$2.1 billion+3.6%
15Uncoated paper for writing/printing$2 billion+13.3%
16Gold (unwrought)$1.9 billion+38%
17Laminated wood (including plywood, veneer panels)$1.7 billion-23.4%
18Crustaceans (including lobsters)$1.7 billion+15.4%
19Footwear (textile)$1.7 billion-2.5%
20Printing machinery$1.6 billion+18.4%
21Rubber tires (new)$1.6 billion-2%
22Tin (unprocessed)$1.6 billion+40.3%
23Iron ferroalloys$1.3 billion+127.3%
24Insulated wire/cable$1.3 billion+11.2%
25Coffee$1.2 billion+17.7%
26Miscellaneous furniture$1.1 billion+3.6%
27Refined copper, unwrought alloys$1.1 billion+37.2%
28Women's clothing (not knit or crochet)$951.9 million+1.3%
29Processed petroleum oils$909 million+127%
30Margarine$908.8 million+32.7%
31Precious metal waste, scrap$906.9 million+23.1%
32Cigars/cigarellos, cigarettes$904.7 million+12.5%
33TV receivers/monitors/projectors$897.5 million-8.1%
34Jerseys, pullovers (knit or crochet)$883.2 million+30.3%
35Synthetic staple fiber yarn$814.2 million+2.7%
36Women's clothing (knit or crochet)$749.9 million+20%
37Motorcycles$744.3 million+59%
38Men's suits, trousers (not knit or crochet)$724 million+3.2%
39Petroleum oil residues$718.3 million+56.8%
40Shaped wood$682.6 million+11.1%
41Cocoa butter, fat, oil$681.1 million-2.4%
42Soap, organic surface-active preparations$677 million+22%
43Coal tar oils (high temperature distillation)$664.3 million+162.1%
44Bread, biscuits, cakes, pastries$647.3 million+24.4%
45Nickel matte, oxide sinters$629.3 million+7.7%
46Women's shirts (not knit or crochet)$610.1 million+9%
47Motorcycle parts/accessories$599.2 million+19.6%
48Saturated acyclic mono acids$590 million+18.2%
49Flat-rolled stainless steel items$575.1 million+675.7%
50Copper wire$559.4 million+11.9%
51Plastic plates, sheets, film, tape, strips$556.5 million+9.2%
52Coconuts, Brazil nuts, cashews$555 million+48.6%
53Acyclic alcohols$542.7 million+42.1%
54Electrical capacitators$541 million+8.9%
55Footwear (rubber or plastic)$539.8 million+5.3%
56T-shirts, vests (knit or crochet)$529.1 million+8%
57Household/sanitary rolls$528.7 million+5%
58Miscellaneous wooden articles$525 million+24842.7%
59Crustaceans, molluscs (preserved/prepared)$524.9 million-17.2%
60Synthetic yarn woven fabrics$515.7 million-14.5%
61Primary batteries/cells$506.6 million+9.3%
62#N/A$505.9 million+1.3%
63Yarn (85%+ cotton)$499.7 million+15.9%
64Electrical converters/power units$498.3 million+26.9%
65Lower-voltage switches, fuses$498.2 million-4.2%
66Seats (excluding barber/dentist chairs)$485.3 million-4.2%
67Synthetic rubber$484.9 million+350.1%
68Miscellaneous oil cakes$484.7 million+17.3%
69Coffee/tea extracts, concentrates$479.7 million+13.1%
70Whole fish (frozen)$471.4 million+21.2%
71Fish fillets, pieces$445.8 million+4.3%
72Medication mixes in dosage$438.1 million-1%
73Wigs, false beards, eyebrows$437.6 million+14.6%
74Men's shirts (not knit or crochet)$437 million-3.1%
75Men's coats, jackets (not knit or crochet)$429 million+15.8%
76Stainless steel ingots$425.4 million+1297.8%
77Synthetic filament yarn$418.3 million+9.6%
78Amino-compounds (oxygen)$417.3 million-8.2%
79Fish, caviar (preserved/prepared)$405.9 million+23.8%
80Piston engine parts$405.5 million+28.4%
81Moluscs$400.9 million+16.9%
82Piston engines$397 million+24.4%
83Acyclic hydrocarbons$395.4 million+58%
84Wood carpentry, builders' joinery$394.3 million+8.7%
85Bras, corsets (not knit or crochet)$383.9 million+9.3%
86Polyacetal/ether/carbonates$383.9 million+10.9%
87Other food preparations$382.4 million+5.8%
88Cases, handbags, wallets$363.2 million+36.1%
89Integrated circuits/microassemblies$361.2 million-1.9%
90Coated paper$345.4 million-10.4%
91Refrigerators, freezers$343.5 million+4.6%
92Plastic packing goods, lids, caps$341.5 million+1%
93Models, puzzles, miscellaneous toys$338.3 million+19.8%
94Miscellaneous nuts$335.3 million+19.1%
95Copper waste, scrap$331.7 million+53.6%
96Aluminum oxide/hydroxide$331.3 million+158.2%
97Men's suits,trousers (knit or crochet)$327.6 million+21.9%
98Iron or non-alloy steel products (semi-finished)$324.4 million+42.6%
99Animal/vegetable hydrogenated fats, oils$315.8 million+1.1%
100Computers, optical readers$311.1 million+13.9%
101Uncombed artificial staple fibers$310.4 million+23.6%
102Microphones/headphones/amps$304.9 million-8.1%
103Ammonia$301.2 million-9%
104Packaged insecticides/fungicides/herbicides$294.6 million+5.1%
105Other organic cleaning preparations$294.5 million+11.2%
106Computer parts, accessories$286.8 million+11.1%
107Turtle eggs, bird nests$280.6 million+45.7%
108Hot-rolled iron or non-alloy steel products$271.5 million+48.6%
109Air or vacuum pumps$263.9 million+13.6%
110Clothing, accessories (vulcanized rubber)$260.1 million+11.8%
111Machinery parts$258.5 million+16.9%
112Phone system devices $255.3 million+95.3%
113Electric water heaters, hair dryers$253.3 million+7.6%
114Electrical musical instruments$252.2 million+4.3%
115Electric storage batteries$245.5 million-20.5%
116Pepper (dried/crushed/ground)$244.1 million-44.7%
117Electric motors, generators$242.8 million-4.3%
118Wood charcoal$241.3 million+26.6%
119Iron or steel tubes, pipes$234.9 million+23.8%
120Miscellaneous preserved fruits$233.1 million+23.5%
121Heavy machinery (bulldozers, excavators, road rollers)$231 million+16.3%
122TV/radio/radar device parts$230.9 million-19.8%
123Pasta, couscous$229.5 million+18.4%
124Uncoated paper$228.4 million+390.2%
125Solar power diodes/semi-conductors$227.3 million+36%
126Move/grade/scrape/boring machinery$219.7 million+965.1%
127Vinyl chloride polymers$210.2 million+12.7%
128Cyclic hydrocarbons$209 million+115.5%
129TV receiver/transmit/digital cameras$202.2 million+28.7%
130Video recording equipment$201.1 million-47.5%
131Nitrogenous fertilizers$200.3 million-32.2%
132Electrical/optical circuit boards, panels$199.7 million-9.3%
133Infant clothing (knit or crochet)$196.7 million+12.4%
134Telecommunication receivers$192.2 million+9.8%
135Cocoa paste$189.9 million-22.4%
136Electric sound/visual signal bells or alarms$185.9 million+763.2%
137Aluminum plates, sheets, strips$184.7 million+70.7%
138Ball, roller bearings$182.1 million+8.5%
139Hydrocarbon derivatives$180.8 million+30.4%
140Synthetic organic coloring$175.7 million-6.8%
141Electrical lighting/signaling equpment, defrosters$173.7 million+19%
142Centrifuges, filters and purifiers$171.9 million+15.4%
143Transmission shafts, gears, clutches$170.4 million-0.1%
144Tracksuits, swimwear (not knit or crochet)$169.3 million+21.7%
145Pig iron$166.1 million-68.9%
146Print/write/draw inks$166 million+11.6%
147Locust beans$165.2 million+29%
148Uncarded synthetic staple fibers$161.3 million+5.8%
149Essential oils$160.4 million-3.6%
150Scents used for beverage or industrial manufacturing$159.7 million+5.1%
151Knit/crochet women's blouses, shirts$156 million+13.2%
152Nickel ores, concentrates$155.2 million#DIV/0!
153Electro-medical equip (e.g. xrays)$153.8 million+20.5%
154Miscellaneous iron and steel structures$153.7 million-78.1%
155Tracksuits, swimwear (knit or crochet)$152.6 million-4.2%
156Cocoa powder (no added sugar)$152.2 million-7.2%
157Electric shavers, hair clippers/removers$152 million+14.5%
158Cinnamon$148.1 million+57.3%
159Float/ground/polished glass in sheets$146.4 million-7.1%
160Miscellaneous vegetable goods$142.6 million+37.4%
161Women's underwear, pajamas (knit or crochet)$142.3 million+7.5%
162Aluminum (unwrought)$141.2 million+45.4%
163Unsaturated acyclic mono acids$140.5 million+72.1%
164Heterocyclics, nucleic acids$136.4 million+78%
165Perfumes, toilet waters$133.5 million+22.3%
166Optical fiber cables, sheets, plates$133.3 million+13.5%
167Keyboard stringed insruments (pianos)$132.7 million-10.4%
168Unmanufactured tobacco, tobacco waste$132.4 million+3%
169Stockings, hosiery (knit or crochet)$131.9 million-9.2%
170Registers, account books, note books$131.3 million+10.3%
171Acrylic polymers$130.4 million+6.7%
172Hydraulic cements$129.4 million+57.2%
173Beauty/makeup/skin care preparations$129.2 million-0.7%
174Insoles, heel cushions$127.6 million+11.8%
175Men's shirts (knit or crochet)$127.2 million-13.5%
176Sugar confectionery (no cocoa)$124.9 million+0.4%
177Vulcanized rubber items$124.4 million+7.3%
178Biodiesel$123.3 million-57.1%
179Sauces, mixed condiments/seasonings$123.1 million-6.1%
180Nutmeg, mace, cardamoms$120.4 million+24.5%
181Ceramic wares (technical uses)$120.3 million+20.5%
182Electric ignition/start equipment$120.3 million+13.5%
183Electrical machinery$119.9 million+41.8%
184Miscellaneous plastic items$119.8 million-8.7%
185Polycarboxylic acids$117.7 million+118.2%
186Paper containers, cellulose wadding$114.6 million-9.9%
187Tea (including flavored)$114.2 million+1%
188Plastic plates, sheets, film, tape, strips$112.9 million+2.9%
189Men's coats including windbreakers$112.5 million+22.6%
190Electrical resistors$112.3 million+8.8%
191Iron and steel stranded wire, cables (uninsulated)$111.5 million+19.5%
192Whole fish (fresh)$109.6 million-15.3%
193Baby clothing, accessories$104.6 million+42.1%
194Fuel wood, wood chips, sawdust$104.2 million-18.2%
195Light vessels, fire boats, floating docks$103.7 million-60.2%
196Blood fractions (including antisera)$102.8 million-2.7%
197Pipe/chewing/snuff tobaccos$102.5 million+33.1%
198Woven fabrics (mostly synthetic staple fibers)$101.5 million-7.1%
199Non-alcoholic drinks (not water/juice/milk)$101.3 million+8.4%
200Chemical industry products/residuals$101 million+38.3%

These 200 exported goods were worth a subtotal of US$154.3 billion or 91.4% by value for all products exported from Indonesia during 2017.

Indonesia’s capital city is Jakarta.

See also Indonesia’s Top Trading Partners, Indonesia’s Top 10 Imports, Top Asian Export Countries and Coal Exports by Country

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on April 22, 2018

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on April 22, 2018

Trade Map, International Trade Centre. Accessed on April 22, 2018

Investopedia, Net Exports Definition. Accessed on April 22, 2018

Wikipedia, List of Companies of Indonesia. Accessed on April 22, 2018

Forbes 2015 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on April 22, 2018