Indonesia | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 72 "Iron and steel" from Indonesia totalled $ 26 billion in 2023. Sales of commodity group 72 from Indonesia decreased by 4.02% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 1.11 billion (cumulative exports of commodity group 72 from Indonesia amounted $27 billion in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 10.3% of total exports from Indonesia (cumulative merchandise exports from Indonesia totalled $ 258 billion in 2023). The share of commodity group 72 in total exports from Indonesia increased by 0.79 p.p. compared to 2022 (it was 9.52% in 2022 and cumulative exports from Indonesia were equal to $ 291 billion).
Where does Indonesia export Iron and steel?
Top export destinations of "Iron and steel" from Indonesia in 2023:
- China with a share of 68% (18.3 billion US$)
- Other Asia, nes with a share of 7.87% (2.1 billion US$)
- India with a share of 6.25% (1.67 billion US$)
- Vietnam with a share of 3.97% (1.06 billion US$)
- Malaysia with a share of 2.1% (563 million US$)
- Turkey with a share of 1.66% (445 million US$)
- Korea with a share of 1.32% (354 million US$)
- Philippines with a share of 1.28% (342 million US$)
- Thailand with a share of 1.17% (314 million US$)
- Belgium - 198 million US$
Exports structure of 72 - Iron and steel - from Indonesia in 2023 represented by the following main commodity groups:
- 57% (15.3 billion US$): 7202 - Ferro-alloys.
- 20% (5.53 billion US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 10.6% (2.84 billion US$): 7218 - Stainless steel in ingots or other primary forms; semi-finished products of stainless steel
- 5.76% (1.53 billion US$): 7207 - Semi-finished products of iron or non-alloy steel
- 2.5% (669 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 1.79% (479 million US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 0.275% (73 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 0.205% (54 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 0.178% (47 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 0.116% (31 million US$): 7201 - Pig iron and spiegeleisen in pigs, blocks or other primary forms
The value of imports of commodity group 72 "Iron and steel" to Indonesia totalled $ 11.3 billion in 2023. Sales of commodity group 72 to Indonesia decreased by 18.2% in value terms compared to 2022. imports of commodity group 72 "Iron and steel" decreased by $ 2.54 billion (the value of imports of commodity group 72 to Indonesia was equal to $13.9 billion in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 5.12% of total import flow to Indonesia (in 2023, total imports to Indonesia amounted to $ 221 billion). The share of commodity group 72 in total imports to Indonesia decreased by 0.736 p.p. compared to 2022 (it was 5.86% in 2022 and cumulative imports to Indonesia were equal to $ 237 billion).
Where does Indonesia import Iron and steel from?
Top trading partners (import of "Iron and steel") of Indonesia in 2023:
- China with a share of 27% (3.09 billion US$)
- Japan with a share of 21% (2.39 billion US$)
- Oman with a share of 9.12% (1.03 billion US$)
- Korea with a share of 9.03% (1.02 billion US$)
- South Africa with a share of 7.95% (905 million US$)
- Vietnam with a share of 4.38% (499 million US$)
- Russia with a share of 3.6% (409 million US$)
- India with a share of 3.2% (364 million US$)
- Malaysia with a share of 2.73% (310 million US$)
- Other Asia, nes with a share of 2.08% (237 million US$)
Imports structure of 72 - Iron and steel - to Indonesia in 2023 represented by the following main commodity groups:
- 18.9% (2.15 billion US$): 7207 - Semi-finished products of iron or non-alloy steel
- 14.6% (1.66 billion US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 14.3% (1.63 billion US$): 7202 - Ferro-alloys.
- 12.8% (1.46 billion US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 8.64% (983 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 6% (683 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 4.16% (473 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 3.82% (435 million US$): 7228 - Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel
- 3.24% (369 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 2.11% (240 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
