08-Jul-2020
Indonesia is an archipelago located on the equator that lies between the Indian and Pacific oceans. Indonesia has the largest economy in Southeast Asia and is considered one of the emerging market economies in the world. The country has the 10th largest economy in the world in terms of purchasing parity. It is a member of G20 and ASEAN.
The customs export data is accumulated from various ports around the country. The data is collected from the shipping manifest and bill of lading submitted to customs authorities around the country. The data contains the following information:-
The customs export data Indonesia shows it exported 183.5 billion USD worth of commodities around the world in 2019. The trade deficit in 2019 was 3.2 billion USD. The export data of 2020 showed that exports had fallen steeply by 28.95% from the previous year to 10.53 billion USD. There was the sharpest drop in exports since 2009 because of the fall in international demand after the Covid19 pandemic. The current trade deficit for the first 5 months of 2020 was 0.3 billion dollars. According to forecasts, Indonesia should show a trade surplus of 3.0 billion USD by the end of 2020.
The custom export data allows exporters and importers trading to or from Indonesia to make their business plan. The data shows market trends and changing customer preferences. The data allows traders to find new clients or suppliers. Information such as pricing allows exporters to price their products competitively and importers data to negotiate with their suppliers. The trader can study the effect of global events on trade in Indonesia.
The top exports of Indonesia are:-
The top ten exports accounted for 61.5% of the total exports in Indonesia. Electrical machinery was the fastest-growing segment in the top 10 growing at 50.5%. The footwear and iron and steel exports showed the 2nd and 3rd fastest growth respectively. While animal/vegetable fats, oils, waxes showed the steepest decline with a 32.2% decline.
The top trading partners of Indonesia are:-
The data shows that 72% of exports from Indonesia were to other countries in Asia. 11.3% of goods were exported to North America and 10.6% of the commodities were exported to Europe.
The major exporters in Indonesia are:-
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