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Pricing

2022
Flag → Flag
Exports $1.39BRnk 32 / 216
2022
Flag → Flag
Top Product $743MPalm Oil
2022
Flag → Flag
Exports $1.88BRnk 40 / 138
2022
Flag → Flag
Top Product $566MPotassic Fertilizers
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC $4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Indonesia-Russia Trade: In 2022, Indonesia exported $1.39B to Russia. The main products that Indonesia exported to Russia were Palm Oil ($743M), Coconut Oil ($166M), and Excavation Machinery ($49.7M). Over the past 5 years the exports of Indonesia to Russia have decreased at an annualized rate of 1.95%, from $1.53B in 2017 to $1.39B in 2022.

In 2022, Indonesia did not export any services to Russia.

Russia-Indonesia Trade: In 2022, Russia exported $1.88B to Indonesia. The main products that Russia exported to Indonesia were Potassic Fertilizers ($566M), Semi-Finished Iron ($402M), and Coal Briquettes ($342M). Over the past 5 years the exports of Russia to Indonesia have increased at an annualized rate of 6.68%,  from $1.36B in 2017 to $1.88B in 2022.

In 2020, Russia exported services to Indonesia worth $39.6M, with Transportation ($28.8M), Other business services ($4.8M), and Travel ($2.93M) being the largest in terms of value.

Comparison: In 2022,  Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Indonesia exported $1.39B to Russia. The main products exported from Indonesia to Russia were Palm Oil ($743M), Coconut Oil ($166M), and Excavation Machinery ($49.7M). During the last 5 years the exports of Indonesia to Russia have decreased at an annualized rate of 1.95%, from $1.53B in 2017 to $1.39B in 2022.

In 2017, Russia exported $1.88B to Indonesia. The main products exported from Russia to Indonesia were Potassic Fertilizers ($566M), Semi-Finished Iron ($402M), and Coal Briquettes ($342M). During the last 5 years the exports of Russia to Indonesia have increased at an annualized rate of 6.68%, from $1.36B in 2022 to $1.88B in 2017.

Exports from Indonesia (Flag) to Russia (Flag) (2022)

Exports from Russia (Flag) to Indonesia (Flag) (2022)

Latest Data

Trade between Indonesia (Flag) and Russia (Flag)

Indonesia Exports

Russia Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$67.7B
Russia
Top DestinationChina$101B

This map shows whether countries import more from Indonesia or Russia. Each country is colored based on the difference in imports they receive from Indonesia and Russia or the difference in the growth in imports.

In 2022, countries that imported more from Indonesia than Russia included United States ($31.6B), Malaysia ($15.6B), and Japan ($26.6B).

In 2022, countries that imported more from Russia than Indonesia included China ($101B), Germany ($27.7B), and Turkey ($25.3B).

Difference in imports from Russia (Flag) and Indonesia (Flag) (2022)

Comparative Advantage Indonesia - Russia

Flow
Scale

This chart compares trade between Indonesia and Russia by product, considering products traded by both, Indonesia and Russia.

During 2022, Indonesia had a large net trade with Russia in the exports of Animal and Vegetable Bi-Products ($964M), Machines ($108M), and Vegetable Products ($83.5M).

During 2017, Russia had a large net trade with Indonesia in the exports of Chemical Products ($735M), Metals ($558M), and Mineral Products ($428M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Russia+$30.5MCoconut Oil
Top Product Potential Russia Indonesia+$147MCoal Briquettes

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Russia exported services to Indonesia worth $39.6M, with Transportation ($28.8M), Other business services ($4.8M), and Travel ($2.93M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Indonesia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Indonesia and Russia. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Indonesia.

Product Space of Indonesia (Flag) and Russia (Flag) (2022)

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