Country intelligence · IDN · 2024

Indonesia trade profile

In 2024, Indonesia recorded $277.9B in merchandise exports and $228.1B in imports, producing a $49.8B trade surplus. Exports changed +2.3% from the previous year, while imports changed +5.3%.[1]

Exports

$277.9B

+2.3%

Imports

$228.1B

+5.3%

Trade balance

$49.8B

surplus

Active partners

1080

38 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$277.9B$228.1B$49.8B+2.3%
2023$271.7B$216.6B$55.1B-12.2%
2022$309.3B$231.4B$78.0B+27.9%
2021$241.9B$192.3B$49.6B+40.6%
2020$172.0B$140.2B$31.9B-4.9%
2019$180.9B$166.2B$14.8B-5.8%
2018$192.0B$182.6B$9.4B+6.2%
2017$180.8B$155.4B$25.4B+15.4%
2016$156.7B$137.8B$19.0B-3.8%
2015$162.9B$146.9B$15.9B-13.1%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 27 · Mineral fuels and oils

43 active HS6 lines · 118 export partners

$58.0B
2

HS 15 · HS chapter

47 active HS6 lines · 183 export partners

$26.7B
3

HS 72 · HS chapter

167 active HS6 lines · 124 export partners

$25.6B
4

HS 85 · Electrical machinery

262 active HS6 lines · 185 export partners

$17.9B
5

HS 87 · Vehicles

87 active HS6 lines · 178 export partners

$11.1B
6

HS 71 · Precious metals and stones

51 active HS6 lines · 130 export partners

$9.1B
7

HS 26 · HS chapter

33 active HS6 lines · 44 export partners

$9.1B
8

HS 84 · Machinery

515 active HS6 lines · 187 export partners

$8.6B

Leading export markets

Destinations rank bilateral export flows from Indonesia; growth describes each corridor rather than the whole economy.

1

China

Annual change -3.2% · 3-year CAGR 4.8%

$64.8B
2

United States

Annual change +8.9% · 3-year CAGR 0.9%

$26.9B
3

India

Annual change +1.8% · 3-year CAGR 14.2%

$21.3B
4

Japan

Annual change -2.1% · 3-year CAGR 5.3%

$21.0B
5

Singapore

Annual change -5.2% · 3-year CAGR 1.2%

$13.2B
6

Malaysia

Annual change +1.4% · 3-year CAGR 0.4%

$12.7B
7

South Korea

Annual change +11.5% · 3-year CAGR 6.2%

$11.9B
8

Philippines

Annual change -4.5% · 3-year CAGR 8.2%

$11.0B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.