Have a smooth Trade business with Indonesia Trade Data

Indonesia is the large archipelago. It is located between the Indian Ocean and the Pacific Ocean. It favorable located on major sea routes. Indonesia has the largest economy in Southeast Asia and is the tenth-largest economy in the world. Indonesia is open to foreign trade and investment. It is a member of ASEAN, APEC, IORA-REC, WTO, and G20. They have signed trade deals with Japan and in the process of signing deals with Australia, the EU, and Chile. According to Indonesia export shipment data, foreign trade is 37.3% of the GDP. It is the 28th largest exporter in the world and the 27th largest importer in the world. The data reveals China is Indonesia's largest trade partner.  

Indonesia shipment data is compiled from the raw data received from custom and port authorities and shipping and logistic companies. Advanced algorithms and data experts help to create the shipment database. The database is used by importers and exporters to make their business plans and projection. The data helps importers to evaluate suppliers find someone suitable. It allows traders to monitor competitor’s price strategy. Exporters can use the data to find new clients and explore potential markets. import export trade data can be used to understand existing customers better. Historical data helps traders to predict changing customer preferences and business cycle better. 

 

Indonesia Import Data shows that the import of goods in October 2020 was valued at 10.78 billion USD. The slump in imports was due to low domestic demand after the pandemic. The lowest imports in 2020 were seen in May when the country imported goods worth 8.43 billion USD. According to Indonesia import data, Indonesia top imports partners are:-

 

  • China (44 billion USD)
  • Singapore (17.3 billion USD)
  • Japan (15.6 billion USD)
  • Thailand (9.46 billion USD)
  • USA (9.31 billion USD)

Export Data Indonesia shows an export in October 2020 was 14.39 billion USD. The exports showed a 3.29% drop from the previous year. The lowest export in 2020 was seen in May when Indonesia exported 10.45 billion USD. Indonesia top export partners are:-

 

  • China (27 billion USD)
  • USA (17.6 billion USD)
  • Japan (15.9 billion USD)
  • Singapore (12.9 billion USD)
  • India (11.7 billion USD)

 

 

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