Indonesia's Top Exports to Japan in 2023

Indonesia recorded exports to Japan totaling US$20.79 billion as of December 2023. This represents a significant 16.32% decrease compared to the previous year's exports of US$24.85 billion.

Over the past 10 years, Indonesia's trade record with Japan shows an upward trend in exports. The lowest export value was US$13.66 billion, while the highest reached US$24.85 billion.

Of the 97 products (two-digit HS codes) exported to Japan, 64 products were worth more than one billion dollars. Furthermore, according to Trademap data, 94 major Indonesian products are exported to Japan annually. In other words, these products are Indonesia's main exports to Japan. Many of these products are also exported to other countries.

The following is a list of the top five products exported by Indonesia to Japan, ordered from highest to lowest transaction value.

1. Mineral fuels, mineral oils and products of their distillation



Under HS code 27, mineral fuels, mineral oils and products of their distillation are grouped with bituminous substances and mineral waxes. Exports of these products to Japan ranked first, totaling US$6.67 billion. This is lower than the previous period's US$8.82 billion.


2. Ores, slag and ash



In the Trademap classification, ores, slag and ash fall under HS code 26. Indonesia exported US$1.9 billion worth of these products to Japan.


3. Machinery, electrical equipment and parts



Indonesia also exported US$1.66 billion worth of machinery, electrical equipment and parts to Japan. This represents an increase compared to the previous period's US$1.55 billion. Trademap data shows that Indonesia exports machinery, electrical equipment and parts to four countries. Exports of machinery, electrical equipment and parts to Japan are the largest. The other five countries that receive these exports are China, the United States, Hong Kong, China, Germany, and Singapore.


4. Nickel





Indonesia exported this product to one country, with Japan being the largest recipient. In 2023, Indonesia exported US$1.28 billion worth of nickel to Japan. Other countries in the top five export destinations are China, Afghanistan, Africa not specified elsewhere, Albania, and Algeria.


5. Cultured or natural pearls, precious or semi-precious stones, precious metals, clad metals



Indonesia also exported a significant amount of cultured or natural pearls, precious or semi-precious stones, precious metals, and clad metals to Japan, totaling US$802.07 million. This is lower than the previous period's US$1.24 billion. Japan remains the largest export destination for these products. Besides Japan, the top five export destinations for these products are Switzerland, the United Arab Emirates, China, Hong Kong, China, and the United States.