Leading Indonesia's Export by Country & Company in 2024 - Tendata

In 2024, the Republic of Indonesia exported goods valued at US$264.7 billion to global markets.

That figure represents a robust 62.1% increase compared with 2020, when Indonesian exports stood at $163.3 billion. From 2023 to 2024, Indonesia's shipments grew a more modest 2.3%, rising from $258.8 billion.

The top five markets for Indonesian products were mainland China, the United States, Japan, India, and Singapore. Together, these countries accounted for 53.7% of Indonesia's total export revenues in 2024.

Viewed regionally, most Indonesian goods stayed within Asia. In fact, nearly 73.9% of exports were sold to other Asian nations. North America received 11.4%, while Europe absorbed 8.4%.

Smaller shares went to importers in Africa (2.4%), Oceania (2.3%)—with Australia as the top buyer—and Latin America (1.6%), excluding Mexico but including the Caribbean.

Top 25 Trading Partners in 2024

Here are the 25 countries that imported the most from Indonesia, ranked by value:

1.China: US$62.4B (23.6% of total exports)

2.United States: $26.4B (10%)

3.Japan: $20.7B (7.8%)

4.India: $20.3B (7.7%)

5.Singapore: $12.2B (4.6%)

6.Malaysia: $12B (4.5%)

7.South Korea: $10.8B (4.1%)

8.Philippines: $10.7B (4.1%)

9.Vietnam: $9.5B (3.6%)

10.Thailand: $7.7B (2.9%)

11.Taiwan: $6.7B (2.5%)

12.Australia: $5B (1.9%)

13.Netherlands: $4.7B (1.8%)

14.Pakistan: $3.5B (1.3%)

15.UAE: $3.1B (1.2%)

16.Bangladesh: $3.2B (1.1%)

17.Hong Kong: $2.62B (1%)

18.Saudi Arabia: $2.6B (1%)

19.Germany: $2.4B (0.9%)

20.Italy: $2.25B (0.9%)

21.Mexico: $2.25B (0.8%)

22.Spain: $2.11B (0.8%)

23.Türkiye: $1.94B (0.7%)

24.United Kingdom: $1.79B (0.7%)

25.Brazil: $1.72B (0.7%)

Collectively, these 25 nations absorbed 90% of Indonesia's total exports in 2024.

The strongest growth in import demand came from Australia (+56%), Brazil (+34.8%), Türkiye (+26%), Vietnam (+25.7%), and Saudi Arabia (+23.8%).

By contrast, some partners reduced their imports: Bangladesh (-15.6%), Germany (-5.2%), Spain (-3.9%), and China (-3.8%).

Leading Indonesian Export Companies

For businesses looking to enter or expand in Indonesia's export market, identifying dependable suppliers is crucial. Platforms like Tendata offer tools—such as keyword search and HS code filters—that allow users to quickly locate verified buyers, analyze purchasing behavior, and access contact details, significantly reducing the time to market.

For instance, in the motor sector, Tendata highlights the top 10 Indonesian suppliers in 2024:

1.PT Denso Manufacturing Indonesia (91.83%, $13,877.27M)

2.CV Berkah Laut Abadi (3.31%, $499.49M)

3.PT Yamaha Indonesia Motor Manufacturing (1.63%, $246.37M)

4.PT Suzuki Indomobil Motor (1.11%, $167.9M)

5.PT Garuda Maintenance Facility Aero Asia (0.57%, $86.37M)

6.PT Mitsubishi Motors Krama Yudha Indonesia (0.32%, $48.99M)

7.Nidec Instruments Indonesia (0.16%, $23.94M)

8.PT Toyota Motor Manufacturing Indonesia (0.14%, $20.66M)

9.PT Siix Electronics Indonesia (0.12%, $18.02M)

10.PT United Sindo Perkasa (0.12%, $17.58M)

Whether for seasoned exporters or new entrants, using Indonesia's trade data can reveal profitable opportunities. For deeper insights into Indonesia's export statistics or to access customized import data, Tendata offers free online demos.