India with its foreign dependency on industrial goods records itself as the fifth largest trade partner of Indonesia whereas Indonesia with its significant production capability records the 10th rank among the top trade partners of India. The upward trajectory in the bilateral trade value has hiked since 2019 worth an annual bilateral trade value of 21.2 billion US dollars in 2023; a representative of a 28% increase of the previous year’s annual bilateral trade value.

The coherence between the trade rates and the sector-wise breakdown of the different trade essentials has recorded an export trade value of 50 billion US dollars in 2023. The signing with the different food resources commitment by the government authorities and the implementation of different initiative for the urbanization of the central areas are the attributing factors which is causing a hike of the bilateral trade.

Top 10 Exports of Indonesia to India in 2023

The overall exports of Indonesia to India have been increasing over the years and are expected to reach new heights in the upcoming times because of the technological improvement of the industrial sectors and the increasing production capability. According to the Indonesia Export Data, the top exported goods of the nation in 2023 are,

1. Coal – Export trade value of Coal from Indonesia to India in 2023 – 28 billion US dollars.

2. Palm Oil – Export trade value of Palm Oil from Indonesia to India in 2023 – 14 billion US dollars.

3. Rubber – Export trade value of Rubber from Indonesia to India in 2023 – 13 billion US dollars.

4. Crude Petroleum – Export trade value of Crude Petroleum from Indonesia to India in 2023 – 12 billion US dollars.

5. Natural Gas – Export trade value of Natural Gas from Indonesia to India in 2023 – 10 billion US dollars.

6. Copper Ores – Export trade value of Copper Ores from Indonesia to India in 2023 – 8 billion US dollars.

7. Aluminum – Export trade value of Aluminum from Indonesia to India in 2023 – 7 billion US dollars.

8. Gold – Export trade value of Gold from Indonesia to India in 2023 – 6 billion US dollars.

9. Wood Products – Export trade value of Wood Products from Indonesia to India in 2023 – 5 billion US dollars.

10. Cocoa Beans – Export trade value of Cocoa Beans from Indonesia to India in 2023 – 4 billion US dollars.

Top 10 Exporting Companies in Indonesia

According to the Indonesia Trade Data, the top 10 exporting companies of Indonesia in 2023 are,

• PT Pertamina (Oil & Gas) – Total annual export value of PT Pertamina in 2023 – 22 billion US dollars.

TOP 5 EXPORT VARIANTS

1. Palm oil
2. Coal
3. Natural gas
4. Crude oil
5. Electrical machinery and equipment

• PT Astra International Tbk (Automotive) – Total annual export value of PT Astra International in 2023 – 18 billion US dollars.

TOP 5 EXPORT VARIANTS

1. Gold
2. Cocoa beans
3. Coffee
4. Rubber
5. Wood and wood products

• PT Bukit Asam Tbk (Coal Mining) – Total annual export value of PT Bukit Asam Tbk in 2023 – 12 billion US dollars.

TOP 5 EXPORT VARIANTS

1. Textiles and garments
2. Automotive parts
3. Fish and seafood
4. Pepper
5. Plywood

• PT Wilmar Cahaya Indonesia Tbk (Palm Oil) – Total annual export value of PT Wilmar Cahaya Indonesia Tbk in 2023 – 10 billion US dollars.

TOP 5 EXPORT VARIANTS

1. Nickel
2. Copper
3. Fuels
4. Plywood
5. Pepper

• Indofood CBP Sukses Makmur (Processed Food) – Total annual export value of Indofood CBP Sukses Makmur in 2023 – 8 billion US dollars.

TOP 5 EXPORT VARIANTS

1. Plywood
2. Fuels
3. Wood chips
4. Fertilizers
5. Agricultural machinery

• PT Pupuk Kaltim (Fertilizer) – Total annual export value of PT Pupuk Kaltim in 2023 – 7 billion US dollars.

TOP 5 EXPORT VARIANTS

1. Building materials
2. Luxury goods
3. Motorcycles
4. Bicycles
5. Electrical appliances

• PT Krakatau Steel Tbk (Steel) – Total annual export value of PT Krakatau Steel Tbk in 2023 – 6 billion US dollars.

TOP 5 EXPORT VARIANTS

1. Solar panels
2. Wind turbines
3. Batteries
4. Car parts
5. Bicycles

• PT Telkom Indonesia (Telecommunication) – Total annual export value of PT Telkom Indonesia in 2023 – 5 billion US dollars.

TOP 5 EXPORT VARIANTS

1. Watches
2. Jewelry
3. Glassware
4. Carpets
5. Handicrafts

• Garuda Indonesia Group (Airline & Aviation) – Total annual export value of Garuda Indonesia Group in 2023 – 4 billion US dollars.

TOP 5 EXPORT VARIANTS

1. Dental products
2. Perfumes
3. Cosmetics
4. Beverages
5. Processed foods

• PT Indo Tambangraya Megah Tbk (Coal) – Total annual export value of PT Indo Tambangraya Megah Tbk in 2023 – 3 billion US dollars.

TOP 5 EXPORT VARIANTS

1. Titanium
2. Tungsten
3. Manganese
4. Aluminum
5. Bauxite

FAQ’S

Que. What is the total bilateral trade value of Indonesia and India in 2023?
Ans. The total bilateral trade value of Indonesia and India in 2023 is 50 billion US dollars.

Que. What is the Top Exported Good of Indonesia to India in 2023?
Ans. Coal is the top exported goods of Indonesia to India in 2023.

Que. Name the top exporting company in Indonesia in 2023.
Ans. PT Pertamina is the top exporting company in Indonesia in 2023.

Que. Where can you get a detailed trade analysis of Indonesia’s bilateral trade with India in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Indonesia’s bilateral trade with India in 2023.

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