2022
Exports
$500MWorld Rnk 14 / 126
Flag Rnk 94 / 1194
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$219MWorld Rnk 27 / 210
Flag Rnk 203 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $500M in Hot-Rolled Iron Bars, making it the 14th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 94th most exported product in Indonesia. The main destination of Hot-Rolled Iron Bars exports from Indonesia are: Philippines ($110M), Belgium ($80M), Thailand ($58.6M), Chinese Taipei ($54.9M), and Netherlands ($54.4M).

The fastest growing export markets for Hot-Rolled Iron Bars of Indonesia between 2021 and 2022 were Belgium ($61.8M), Netherlands ($54.4M), and Thailand ($43M).

Imports In 2022, Indonesia imported $219M in Hot-Rolled Iron Bars, becoming the 27th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 203rd most imported product in Indonesia. Indonesia imports Hot-Rolled Iron Bars primarily from: China ($96.6M), Japan ($59.2M), South Korea ($21.1M), Thailand ($16.2M), and Chinese Taipei ($14.8M).

The fastest growing import markets in Hot-Rolled Iron Bars for Indonesia between 2021 and 2022 were China ($76.6M), Japan ($8.81M), and Vietnam ($2.79M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hot-Rolled Iron Bars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$500M
IMPORTS (2022)$219M
NET TRADE (2022)$281M

In 2022, Indonesia exported $500M in Hot-Rolled Iron Bars. The main destinations of Indonesia exports on Hot-Rolled Iron Bars were Philippines ($110M), Belgium ($80M), Thailand ($58.6M), Chinese Taipei ($54.9M), and Netherlands ($54.4M).

In 2022, Indonesia imported $219M in Hot-Rolled Iron Bars, mainly from China ($96.6M), Japan ($59.2M), South Korea ($21.1M), Thailand ($16.2M), and Chinese Taipei ($14.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
Belgium$61.8M (339%)
Netherlands$54.4M (1%)
Thailand$43M (277%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Indonesia WERE (2021 - 2022):
Malaysia-$46M (-87.7%)
China-$37.5M (-99.9%)
Australia-$22.2M (-63.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Indonesia's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $8.02M
TOP IMPORT POTENTIALVietnam+ $6.08M

Hot-Rolled Iron Bars’s highest export potential is South Korea. With an export gap of $8.02M.   Hot-Rolled Iron Bars’s highest import potential is Vietnam with an import gap of $6.08M.

See methodology.

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