1.  Overview the trade of INDONESIA in goods current year until 202308

According to Dalian Infobank, in 202308, INDONESIA's exports and imports of goods amounted to 40877.8068 million, and were down 18.27% comparing with the same period of last year. Among these, exports were down 21.05% at 21997.9804 million, and imports were down 14.77% at 18879.8264 million. And the corresponding trade surplus was 3118.1540 million and down 45.41%.

During the current year until 202308, INDONESIA's total exports and imports of goods were 318751.8452 million and were down 10.02% comparing to the same period of last year. Among these, exports were 171573.8269 million and down 11.81%; imports were 147178.0183 million and down 7.83%. The total trade surplus was 24395.8086 million and down 30.04%.

If considering by country (region), CHINA, JAPAN, UNITED STATES, SINGAPORE, INDIA were INDONESIA's top five trading partners. During the current year until 202308, INDONESIA's imports and exports to five countries/territories were 83103.9461 million, 25499.3144 million, 23281.6578 million, 19793.9361 million, 18110.5331 million. These values correspond to 26.07%, 8.00%, 7.30%, 6.21%, 5.68% of INDONESIA's imports and exports, and, respectively, were down 2.67%, down 7.96%, down 15.63%, down 15.85%, down 21.41% comparing to the same period of last year.

Current year until 202308, INDONESIA and the top five trade partners CHINA, UNITED STATES, JAPAN, INDIA, MALAYSIA are the top five countries/territories that INDONESIA exports to in terms of the total export amount. During the current year until 202308, INDONESIA's exports to these five countries/territories were 41824.6022 million, 15586.2484 million, 14289.4536 million, 13074.7496 million, 8621.1412 million. These values correspond to 24.38%, 9.08%, 8.33%, 7.62%, 5.02% of INDONESIA's exports and, respectively, were up 3.21%, down 21.51%, down 12.15%, down 19.24%, down 20.86% comparing with the same period of last year.

Current year until 202308, INDONESIA's exports to top five countries/territories CHINA, SINGAPORE, JAPAN, UNITED STATES, SOUTH KOREA are the top five countries/territories that INDONESIA imports from in terms of the total export amount. During the current year until 202308, INDONESIA's imports from these five countries/territories were 41279.3439 million, 11363.6790 million, 11209.8609 million, 7695.4094 million, 7295.5973 million. These values correspond to 28.05%, 7.72%, 7.62%, 5.23%, 4.96% of INDONESIA's total imports and, respectively, were down 7.98%, down 14.88%, down 2.02%, down 0.55%, down 7.02% comparing with the same period of last year.

During the current year until 202308, the trade surplus of INDONESIA was mainly from INDIA, UNITED STATES, PHILIPPINES, JAPAN, PAKISTAN at 8038.9660 million, 7890.8390 million, 6412.6950 million, 3079.5927 million, 2108.2028 million, and down 13.88%, down 34.89%, down 12.55%, down 36.16%, down 26.54%. And the trade deficits were mainly from AUSTRALIA, SINGAPORE, NIGERIA, THAILAND, BRAZIL at 4032.2641 million, 2933.4218 million, 2292.6464 million, 2041.5913 million, 1890.8452 million, and up 3.12%, down 7.72%, down 17.42%, down 2.26%, up 45.90%.

Current year until 202308, INDONESIA's trade surplus or deficit with top five countries/territories During the current year until 202308,  commodities with hs2 codes, 27, 85, 84, 72, 15, were INDONESIA's top five traded commodities. They correspond to the import and export values of 65792.0698 million, 27466.5025 million, 25207.3930 million, 25070.4700 million, 19276.4117 million, which were down 13.79%, up 1.04%, up 0.72%, down 11.56%, down 17.80% comparing with the same period of last year and account for 20.64%, 8.62%, 7.91%, 7.87%, 6.05% of INDONESIA's total imports and exports.

During the current year until 202308, 27, 15, 72, 85, 87 were INDONESIA's top five traded commodities, with total import and export values of 40423.2961 million, 19095.3178 million, 17374.5684 million, 9908.0158 million, 7344.0407 million. These values correspond to 23.56%, 11.13%, 10.13%, 5.77%, 4.28% of INDONESIA's total exports and, respectively, were down 11.45%, down 17.57%, down 7.22%, up 4.71%, up 6.10% comparing to the same period of last year.

During the current year until 202308, 27, 84, 85, 72, 87 were INDONESIA's top five traded commodities, with total import values of 25368.7737 million, 20981.6839 million, 17558.4867 million, 7695.9017 million, 7195.7339 million. These values correspond to 17.24%, 14.26%, 11.93%, 5.23%, 4.89% of INDONESIA's total exports and, respectively, were down 17.26%, up 2.72%, down 0.91%, down 20.01%, up 17.82% comparing to the same period of last year.

2. Current year until 202308, INDONESIA binational trade profile

According to Dalian Infobank, during the current year until 202308, INDONESIA-China binational exports and imports of goods amounted to 83103.9461 million and were down 2.67% comparing with the same period of last year. Among these, exports from INDONESIA to China were 41824.6022 million and up 3.21%, imports from China to INDONESIA were 41279.3439 million and down 7.98%. The total binational trade surplus was 545.2584 million and down 112.57%.

During the urrent year until 202308, commodities with hs2 code, 27, 72, 84, 85, 15, were binational trade's top five traded commodities. They correspond to import and export values of 13548.0990 million, 13513.1209 million, 9490.2935 million, 9474.0922 million, 3741.6221 million and makes up 16.30%, 16.26%, 11.42%, 11.40%, 4.50% of the total binational imports and exports. These values were also up 23.00%, down 7.49%, down 11.67%, down 4.17%, down 1.80% comparing to the same period last year.

During the current year until 202308, 27, 72, 15, 75, 47 were the top five traded commodities exported to China from INDONESIA, with export values of 12068.1384 million, 11495.9009 million, 3729.4311 million, 3305.9524 million, 1850.6812 million. These values account for 28.85%, 27.49%, 8.92%, 7.90%, 4.42% of INDONESIA's total exports and were up 22.95%, down 6.43%, down 1.84%, up 27.77%, up 8.81% comparing to the same period of last year.

During the current year until 202308, 84, 85, 72, 39, 27 were INDONESIA's top five traded commodities importing from China , with import values of 9309.0869 million, 9220.3666 million, 2017.2200 million, 1823.8063 million, 1479.9606 million. These values account for 22.55%, 22.34%, 4.89%, 4.42%, 3.59% of INDONESIA's total imports and were down 11.81%, down 4.06%, down 13.11%, down 10.48%, up 23.39% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Statistics Indonesia