A Comprehensive Guide to Indonesia’s Top Exports in 2024

Indonesia, a Southeast Asian island nation known for its abundant natural resources and strategic location, boasts the largest economy in the region. Its thriving and diverse economy is significantly boosted by a robust export sector, driven by its natural resource wealth and favorable exchange rates. In 2023, Indonesia exported goods worth $236.41 billion, showcasing its substantial role in global trade. Let’s delve into Indonesia top exports and understand the significant commodities driving its economy.

Indonesia’s Export Performance

In 2023, Indonesia’s exports were valued at $236.41 billion. Notably, November 2023 recorded $22.00 billion in product exports. By early 2024, the country’s exports reached $39.80 billion for January and February. Despite a 5.76% year-over-year decline in December to $22.41 billion, the decrease was less severe than the 8.1% drop predicted by economists. Key commodities like nickel, coal, and palm oil experienced price declines due to a global economic slowdown.

Top 10 Exports from Indonesia

Let’s examine the top exports from Indonesia, highlighting the essential commodities that contribute to the country’s economic strength:

1. Palm Oil
2. Paper Products
3. Coffee
4. Cocoa
5. Rubber
6. Textiles
7. Shrimp
8. Footwear
9. Electronics
10. Natural Gas

Detailed Overview of Indonesia’s Major Exports

The main exports of Indonesia are as follows:

1. Palm Oil: Palm oil is Indonesia's top export and is used widely in food, cosmetics, and biofuels. Indonesia is the world’s largest palm oil producer, exporting over 46 million tonnes annually.
2. Textiles: The Indonesian textile industry is well-established, producing a variety of apparel, fabrics, and accessories. By 2022, the export value of textiles will reach over $3 billion.
3. Coffee: Indonesia is a significant player in the global coffee market, producing around 9.4 million bags annually. Its diverse coffee-growing regions make Indonesian coffee highly sought after worldwide.
4. Cocoa: Indonesia is the third-largest cocoa producer globally, with an annual output of 0.48 million tonnes. Cocoa is a crucial ingredient in the chocolate industry.
5. Paper Products: Indonesia exports various paper products, including pulp, paper, and cardboard, with significant markets in China, Japan, Vietnam, Malaysia, and the Philippines.
6. Rubber (Natural): Indonesia is one of the top producers of natural rubber, vital for industries like automotive and construction. The country produces 3.2 million tonnes annually.
7. Shrimp: Shrimp is a significant export from Indonesia’s aquaculture sector, with $3.8 billion worth of exports in 2022, primarily to affluent countries.
8. Footwear: Footwear is a highly valued export product from Indonesia, with around $6.17 billion in annual exports. The country is known for producing a wide range of footwear, from sports shoes to high-end sandals.
9. Natural Gas: Indonesia is a notable exporter of natural gas, producing 75.0 billion m³ annually. Its vast offshore resources make it a key player in the global energy market.
10. Electronics: Indonesia’s electronics sector is growing, with significant consumer electronics and components exports valued at $3.16 billion in 2022.

How to Access Indonesia’s Import and Export Data

To explore real-time Indonesia export data, visit Seair Exim Solutions. This platform offers comprehensive HS codes and data on Indonesia’s imports and exports, covering over 100 countries. Contact their experts for assistance with major exports of Indonesia, HS codes, or export data.

Final Words

Indonesia’s diverse range of exports, from agricultural products like coffee and palm oil to energy resources like natural gas, highlights its economic strengths. The nation’s skilled labor force and strategic emphasis on innovation and diversity position it as a leader in global trade. For detailed information on Indonesia's top exports, export data, or Indonesia export products list and Indonesia imports and exports connect with Seair Exim Solutions’ data experts for a live demonstration.