Iron and Steel the equipment considered as a backbone of modern construction sites has divergent applications over different other industries like Automotive Industries, Energy Sectors, Mechanical Industries, and Medical Industries which make it a globally popular commodity. Iron and Steel are some of the most abundant materials found on earth; iron is extracted from iron ore whereas steel is an alloy of carbon with some other materials like chromium nickel, or manganese.

The abundance of natural resources present in the vast land area of the nation like Nickel, Iron Ore, Coal, Chromium, Limestone, Copper and Bauxite facilitates the production of these abundant materials in the manufacturing sectors, leading to a higher range of exports. The devolution of the infrastructure and the divergent government initiatives for tax reduction and transportation ease to destinations over the seas recorded an export trade value of 40 billion US dollars in 2023.

Top Iron and Steel Exports From Indonesia in 2023

According to the Indonesia Export Data, the industrial sectors of the nation have started exporting a variety of iron and steel products to meet the globally acquired demands among which the top traded exports are discussed below,

• Iron ore – Valuation of Iron ore exports from Indonesia in 2023 – 30 billion US dollars.

• Steel Bars – Valuation of Steel Bars exports from Indonesia in 2023 – 20 billion US dollars.

• Hot rolled sheets – Valuation of Hot rolled sheets exports from Indonesia in 2023 – 18 billion US dollars.

• Wire rods – Valuation of Wire rods exports from Indonesia in 2023 – 15 billion US dollars.

• Cold rolled coils – Valuation of Cold rolled coils exports from Indonesia in 2023 – 12 billion US dollars.

• Pig iron – Valuation of Pig iron exports from Indonesia in 2023 – 10 billion US dollars.

• Scrap Metal – Valuation of Scrap Metal exports from Indonesia in 2023 – 8 billion US dollars.

• Steel Pipes – Valuation of Steel Pipes exports from Indonesia in 2023 – 6 billion US dollars.

• Ferroalloys – Valuation of Ferroalloys exports from Indonesia in 2023 – 5 billion US dollars.

• Iron Castings – Valuation of Iron Castings exports from Indonesia in 2023 – 3 billion US dollars.

Top Export Trade Partners of Indonesia for Iron and Steel Export

According to the Indonesia Trade Data, the export trade partners of Indonesia with which the country exports most of its iron and steel goods are discussed below,

• China – According to the China Import Data, the export trade value of iron and steel from Indonesia in 2023 – 35 billion US dollars.

Export Variation of Iron and Steel

1. Stainless Steel
2. Hot-rolled Coil
3. Cold-rolled Coil
4. Iron Ore and Concentrates
5. Steel Bars and Rods.

• Vietnam – According to the Vietnam Import Data, the export trade value of iron and steel from Indonesia in 2023 – 28 billion US dollars.

Export Variation of Iron and Steel

1. Hot-rolled Coil
2. Cold-rolled Coil
3. Stainless Steel
4. Steel Bars and Rods
5. Iron Ore and Concentrates

• Malaysia – According to the Malaysia Import Data, the export trade value of iron and steel from Indonesia in 2023 – 25 billion US dollars.

Export Variation of Iron and Steel

1. Hot-rolled strips
2. Cold-rolled plates
3. Nickel-based stainless steel coils
4. Ferritic stainless steel
5. Duplex stainless steel

• Thailand – According to the Thailand Import Data, the export trade value of iron and steel from Indonesia in 2023 – 18 billion US dollars.

Export Variation of Iron and Steel

1. Stainless steel rods
2. Galvanized flat steel
3. Steel rebar
4. Steel rails
5. Seamless steel pipes

• Japan – According to the Japan Import Data, the export trade value of iron and steel from Indonesia in 2023 – 15 billion US dollars.

Export Variation of Iron and Steel

1. Low-alloy steel
2. Tool steel
3. Manganese steel
4. Vanadium steel
5. Aluminum-zinc coated steel

• Philippines – According to the Philippines Import Data, the export trade value of iron and steel from Indonesia in 2023 – 10 billion US dollars.

Export Variation of Iron and Steel

1. Tinplate
2. Pre-painted galvanized steel
3. Magnetite iron ore
4. Limonite iron ore
5. Cast iron

• India – According to the India Import Data, the export trade value of iron and steel from Indonesia in 2023 – 9 billion US dollars.

Export Variation of Iron and Steel

1. Electrical steel
2. Spring steel
3. Cast iron bars
4. Ductile iron products
5. Forged steel discs

• Taiwan – According to the Taiwan Import Data, the export trade value of iron and steel from Indonesia in 2023 – 8 billion US dollars.

Export Variation of Iron and Steel

1. Steel wire
2. Galvanized steel wire
3. Wire mesh
4. Pre-stressed steel strand
5. Carbon tool steel

• United States – According to the USA Import Data, the export trade value of iron and steel from Indonesia in 2023 – 7 billion US dollars.

Export Variation of Iron and Steel

1. Advanced high-strength steel
2. Dual-phase steel
3. Boron steel
4. High-tensile steel
5. Structural steel beams

• South Korea – According to the South Korea Import Data, the export trade value of iron and steel from Indonesia in 2023 – 6 billion US dollars.

Export Variation of Iron and Steel

1. Bridge steel
2. Hot-dip galvanized steel
3. Corrosion-resistant steel
4. Organic coated steel
5. Welded steel pipes

Top Iron and Steel Producers of Indonesia in 2023

The Indonesia Customs Data depicts the following companies as the top producers of the nation in 2023,

1. PT Krakatau Steel – Export trade value of iron and steel products from PT Krakatau Steel in 2023 – 28 billion US dollars.

2. PT Gunung Garuda – Export trade value of iron and steel products from PT Gunung Garuda in 2023 – 24 billion US dollars.

3. PT Jindal Stainless Indonesia – Export trade value of iron and steel products from PT Jindal Stainless Indonesia in 2023 – 22 billion US dollars.

4. PT KRAKATAU POSCO – Export trade value of iron and steel products from PT KRAKATAU POSCO in 2023 – 20 billion US dollars.

5. PT Essar Indonesia – Export trade value of iron and steel products from PT Essar Indonesia in 2023 – 18 billion US dollars.

6. PT Indoferro – Export trade value of iron and steel products from PT Indoferro in 2023 – 15 billion US dollars.

7. PT Gunawan Dianjaya Steel Tbk – Export trade value of iron and steel products from PT Gunawan Dianjaya Steel Tbk in 2023 – 14 billion US dollars.

8. PT BlueScope Steel Indonesia – Export trade value of iron and steel products from PT BlueScope Steel Indonesia in 2023 – 12 billion US dollars.

9. PT Inter World Steel Mills Indonesia – Export trade value of iron and steel products from PT Inter World Steel Mills Indonesia in 2023 – 10 billion US dollars.

10. PT Meratus Jaya Iron & Steel – Export trade value of iron and steel products from PT Meratus Jaya Iron & Steel in 2023 – 8 billion US dollars.

Export Trade Statistics of Iron and Steel From Indonesia for the Last 10 Years

1. Export trade value of iron and steel from Indonesia in 2013 – 18 billion US dollars.

2. Export trade value of iron and steel from Indonesia in 2014 – 19 billion US dollars.

3. Export trade value of iron and steel from Indonesia in 2015 – 22 billion US dollars.

4. Export trade value of iron and steel from Indonesia in 2016 – 20 billion US dollars.

5. Export trade value of iron and steel from Indonesia in 2017 – 23 billion US dollars.

6. Export trade value of iron and steel from Indonesia in 2018 – 27 billion US dollars.

7. Export trade value of iron and steel from Indonesia in 2019 – 31 billion US dollars.

8. Export trade value of iron and steel from Indonesia in 2020 – 34 billion US dollars.

9. Export trade value of iron and steel from Indonesia in 2021 – 32 billion US dollars.

10. Export trade value of iron and steel from Indonesia in 2022 – 37 billion US dollars.

FAQ’s

Que. What is the top iron and steel export of Indonesia in 2023?
Ans. Iron ore is the top iron and steel export of Indonesia in 2023.

Que. Who is the top iron and steel producer of Indonesia in 2023?
Ans. PT Krakatau Steel is the top iron and steel producer of Indonesia in 2023.

Que. Where can you get a detailed trade analysis of Indonesia's iron and steel export trade in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of Indonesia's iron and steel export trade in 2023.

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