Overview In December 2023, India exported $396M and imported $2.01B from Indonesia, resulting in a negative trade balance of $1.62B. Between December 2022 and December 2023 the exports of India have decreased by $-310M (-43.9%) from $706M to $396M, while imports decreased by $-122M (-5.73%) from $2.14B to $2.01B.
Trade In December 2023, the top exports of India to Indonesia were Petroleum Products ($374M), Motor Vehicle/Cars ($60.7M), Paper, Paper Board And Product ($38.7M), Sugar ($34.9M), and Iron And Steel ($34.6M). In December 2023 the top imports of India from Indonesia were Vegetable Oils ($536M), Coal,Coke And Briquittes Etc ($470M), Iron And Steel ($118M), Inorganic Chemicals ($37.5M), and Bulk Minerals And Ores ($35.8M).
Growth In December 2023, the decrease in India’s year-by-year exports to Indonesia was explained primarily by an decrease in product exports in Sugar ($-83.7M or -70.6%), Organic Chemicals ($-28.6M or -85%), and Iron And Steel ($-12.6M or -26.6%). In December 2023, the decrease in India’s year-by-year imports from Indonesia was explained primarily by an decrease in product imports in Iron And Steel ($-65.7M or -35.7%), Processed Minerals ($-36.2M or -76.7%), and Bulk Minerals And Ores ($-23.5M or -39.7%).