📊 Summary of Indonesia Export Performance 2023

In 2023, Indonesia's export value reached USD 258.82 billion , down 11.33% compared to the previous year. The non-oil and gas sector contributed USD 242.90 billion, down 11.96% from 2022. GoodStats+5Central Bureau of Statistics of Indonesia+5Fiscal+5

🔝 Indonesia's Leading Export Commodities

Based on data from OEC.world, Indonesia's five main export commodities in 2023 are: The Observatory of Economic Complexity+1InCorp Indonesia+1

1. Coal Briquettes : USD 38.8 billion
2. Palm Oil : USD 24.8 billion
3. Ferroalloys : USD 14.8 billion
4. Lignite : USD 10.7 billion
5. Natural Gas : USD 9.26 billion The Observatory of Economic Complexity

These commodities show Indonesia's dominance in exporting natural resources and energy. GoodStats+9DPR Files+9Tempo+9

🌍 Main Export Destination Countries

Indonesia exports goods to various countries, with the main destinations including:

1. China
2. India
3. Japan
4. United States of America
5. Singapore The Observatory of Economic Complexity+1reuters.com+1 Tempo+7GoodStats+7itpc.or.jp+7 Tempo

These countries are strategic trading partners in Indonesia's exports. Central Bureau of Statistics of Indonesia+12Central Bureau of Statistics of Indonesia+12Supply Chain Indonesia+12

📈 Challenges and Opportunities

Despite a decline in export value in 2023, Indonesia has the opportunity to increase exports through:

1. Product Diversification : Developing high value-added products.
2. New Markets : Exploring non-traditional markets for export.
3. Infrastructure : Improving logistics and transportation efficiency.

🔍 Conclusion

Indonesia has significant export production strength, especially in the natural resources sector. With the right strategies, such as product diversification and exploration of new markets, Indonesia can overcome challenges and take advantage of opportunities to improve export performance in the future.