top 10 export commodities in indonesia

Top 10 Export Commodities in Indonesia

  • InCorp Editorial Team
  • 28 November 2018
  • 3 minute reading time

Indonesia’s export commodities are a precious and indispensable asset to its economy. The commodities account for approximately 60 percent of all Indonesia’s exports. In continuation with the healthy growth shown by exports over the years in Indonesia, the exports in Indonesia are valued at USD 24.12 billion, as stated by BPS on November 2022.

Exports have contributed positively to Indonesia’s gross economic output and made Indonesia the 24th world’s largest export economy.

In this article, we will show you the top export commodities in Indonesia and how you can seize the opportunities to start your export business in this ever-evolving country.

Top 10 Indonesia Export Commodities

Here are the top 10 commodities most exported from Indonesia, which have fetched foreign currency for Indonesia. The type of commodities and their dollar values are shown in the table below:

No. Type of Commodities Annual Dollar Value

(US$ in billion)

1 Palm Oil 14.4
2 Coal Briquettes 11.98
3 Petroleum Gas 6.22
4 Copper Ore 3.48
5 Gold 3.37
6 Rubber 3.33
7 Jewellery 3.17
8 Coconut Oil 2.73
9 Cars 2.55
10 Plywood 2.08

Interestingly, Indonesia is ranked the 2nd largest fake hair exporter globally, just falling behind the 1st largest exporter in China.

Every year, Indonesia exports approximately US$382 million in raw materials for the wig to countries worldwide. That amount accounts for 11% market share globally.

Palm Oil

With a 54% market share and US$26.4 billion in annual export, Indonesia is the world’s largest producer and exporter of palm oil. With a 34 percent share, Malaysia follows Indonesia for palm oil export.

Coal Briquettes

Indonesia is the 2nd largest exporter of coal briquettes globally, with an annual output of US$11.9 billion and a market share of 18 percent, accounting for the country’s 8.5% total exports.

Petroleum Gas

Globally, Indonesia is ranked the 7th largest exporter of petroleum, with a 4.9% market share with an annual report of US$127 billion. Even though the oil and gas sector has shown a slight decline recently, the export of petroleum gas has supported Indonesia’s economy to a large extent.

Copper Ore

Being the 3rd largest export of this commodity, the export of copper ore in Indonesia is worth US$ 44.2 billion with a market share of 7.9%. Thanks to the Grasberg Mine, located in Papua, Indonesia, has the 2nd largest copper mine and the largest gold mine.

Gold

Indonesia accounts for 4% of gold production globally. It is Ranked the 9th largest gold producer globally. Even with the largest gold mine, this commodity export is dominated by Switzerland, with 28% of gold exported globally.

Related article: Export Import License that Your Company Should Have

Major Export for Overseas Destinations

Indonesia has several major export destinations, with China, the United States, Japan, Singapore, and India being the most prominent ones.

As mentioned, each country’s export value is US$16.8 billion, US$16.2 billion, US$ 16.1 billion, US$ 11.2 billion, and $10.1 billion, respectively.

The Price Factor in Indonesia Export Commodities

It is vital for foreigners who wish to start an export business to know that Indonesia is a significant commodity-producing and exporting country globally. Thus, export businesses are also more responsive to price volatility on a global scale.

However, with the best strategies, you will enjoy handsome profits during price upswings but maintain unharmed during price downswings.

How Can InCorp Indonesia Help You

Are you interested in export opportunities in Indonesia? InCorp Indonesia (formerly Cekindo) offers market-entry strategies with buying agents, company, and product registrations.

Contact us today and get to know more about export commodities in Indonesia.

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Contact us today and get to know more about export commodities in Indonesia.

Pandu Biasramadhan

Senior Consulting Manager at InCorp Indonesia

An expert for more than 10 years, Pandu Biasramadhan, has an extensive background in providing top-quality and comprehensive business solutions for enterprises in Indonesia and managing regional partnership channels across Southeast Asia.

Get in touch with us.

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Frequent Asked Questions

Not completely. You can leverage a service called Importer of Record or Undername Importer to assist you in importing products into Indonesia.

You can transfer the license as long as your current local distributor agrees to change the product license holder. The procedure will be different for each product category. We can only recommend you try to prevent these issues by setting cooperation with a trustworthy partner from the beginning

Before you can distribute your products in Indonesia, you will have to register your product with the BPOM (National Agency of Food and Drugs) and MoH (Ministry of Health). Only an Indonesian legal entity can register the product. If you decide to distribute your product via a local distributor, they will register the product under their entity in Indonesia and become the product license holder. Cekindo can act as your local distributor and register the product under its name.

Yes, you can import your product through importer of record services which enables companies to import products into a country through an import partner.