2022
Exports
$131MWorld Rnk 10 / 144
Flag Rnk 224 / 1194
2022
PRODUCT COMPLEXITY IN Waxes
0.46Rnk 381 / 1025
2022
Imports
$70.8MWorld Rnk 19 / 203
Flag Rnk 417 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $131M in Waxes, making it the 10th largest exporter of Waxes in the world. At the same year, Waxes was the 224th most exported product in Indonesia. The main destination of Waxes exports from Indonesia are: China ($59.2M), Poland ($20.1M), South Korea ($10.8M), Chinese Taipei ($6.34M), and United States ($4.69M).

The fastest growing export markets for Waxes of Indonesia between 2021 and 2022 were China ($13M), South Korea ($6.34M), and United States ($3.46M).

Imports In 2022, Indonesia imported $70.8M in Waxes, becoming the 19th largest importer of Waxes in the world. At the same year, Waxes was the 417th most imported product in Indonesia. Indonesia imports Waxes primarily from: China ($20.3M), South Korea ($14.6M), Singapore ($7.08M), Germany ($6.77M), and Thailand ($6.55M).

The fastest growing import markets in Waxes for Indonesia between 2021 and 2022 were Germany ($2.35M), Thailand ($1.27M), and South Korea ($579k).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Waxes. 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)$131M
IMPORTS (2022)$70.8M
NET TRADE (2022)$60.3M

In 2022, Indonesia exported $131M in Waxes. The main destinations of Indonesia exports on Waxes were China ($59.2M), Poland ($20.1M), South Korea ($10.8M), Chinese Taipei ($6.34M), and United States ($4.69M).

In 2022, Indonesia imported $70.8M in Waxes, mainly from China ($20.3M), South Korea ($14.6M), Singapore ($7.08M), Germany ($6.77M), and Thailand ($6.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Waxes EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
China$13M (28%)
South Korea$6.34M (141%)
United States$3.46M (281%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Waxes BY Indonesia WERE (2021 - 2022):
Portugal-$969k (-53.7%)
Russia-$562k (-92.8%)
Nigeria-$328k (-74.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Waxes were:
In 2022, Indonesia's main importing competitors in Waxes were:

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Trade Value of Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.03M
TOP IMPORT POTENTIALChina+ $3.11M

Waxes’s highest export potential is United States. With an export gap of $4.03M.   Waxes’s highest import potential is China with an import gap of $3.11M.

See methodology.

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