This document provides information about Indonesia's trade data from 2018-2023. It summarizes that Indonesia's total imports have increased from USD 188.71 billion in 2018 to USD 237.44 billion in 2022, while total exports have increased from USD 180.21 billion in 2018 to USD 291.97 billion in 2022. It also outlines quarterly trade statistics for Indonesia from 2022-2023 and forecasts that Indonesia is expected to further boost its trade and maintain a greater trade surplus in the coming years.

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QUARTERLY ANALYSIS OF
INDONESIA’S TRADE DATA

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SYNOPSIS
Indonesia is also known as “The Republic of Indonesia”. It is
an island nation and is situated in the Southeastern part of
Asia and Oceania. This nation is considered the world’s
biggest Archipelagic country and the 14th biggest in terms
of land area. Indonesia shares its territorial and maritime
boundaries with multiple nations such as New Guinea,
Malaysia, Singapore, Vietnam, India, etc.
SYNOPSIS
The primary industries here are crude oil, cotton, natural
gas, tourism, and fishing. From the beginning, the primary
export products from Indonesia are palm oil and coal
briquettes whereas, the major imports to the nation are
crude oil, telephones, automobiles, and wheat. The country
is dominated by private and government sectors and is the
only Southeast Asian nation that is a part of G20.

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TOTAL IMPORTS AND EXPORTS TO AND FROM INDONESIA (2018-2022)
YEAR IMPORTS EXPORTS TOTAL TRADE
2018 USD 188.71 billion USD 180.21 billion USD 368.92 billion
2019 USD 171.27 billion USD 167.68 billion USD 338.95 billion
2020 USD 141.62 billion USD 163.30 billion USD 304.92 billion
2021 USD 195.69 billion USD 231.58 billion USD 427.27 billion
2022 USD 237.44 billion USD 291.97 billion USD 527.41 billion
PAST 5 YEARS TREND

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QUARTER-WISE TRADE STATISTICS OF INDONESIA (USD)
Q1 (2022) Q2 (2022) Q3 (2022) Q4 (2022) Q1 (2023)
IMPORTS 56.81 Bn. 59.37 Bn. 63.30 Bn. 57.96 Bn. 54.95 Bn.
EXPORTS 66.14 Bn. 74.98 Bn. 78.20 Bn. 72.65 Bn. 67.12 Bn.
CONCLUSION: Imports: Q1 (2022) > Q1 (2023) | Exports: Q1 (2022) < Q1 (2023)
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QUARTER WISE TRADE
STATISTICS OF INDONESIA

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TOP 10 EXPORT
PRODUCTS OF INDONESIA

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TOP 10 IMPORT
PRODUCTS OF INDONESIA

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TRADE FORCAST OF
INDONESIA TRADE DATA
Being one of the most active participants in the global trade
market, Indonesia is expected to boost its trade and take its
trade data to the next level within a few years. It is also
forecasted that the Q1 of 2024 would decline a bit but that
fall would get recovered in the following three quarters.
The country would be able to maximize its exports while
minimizing its imports significantly in the coming years and
hence, will be successful in maintaining a greater trade
surplus than in 2023.
The economy of Indonesia is the 6th largest economy in the
world and due to the consistent behavior of the nation, it is
estimated that the rankings of the nation would also
increase and become more attractive.

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