Indonesia-Dem. People's Rep. of Korea Bilateral Trade Analysis 2023
Complete trade statistics: $156,396 total volume •Indonesia surplus: $156,396
Indonesia → Dem. People's Rep. of Korea
$156,396
Exports (2023)
Dem. People's Rep. of Korea → Indonesia
$0
Imports (2023)
Trade Balance
$156,396
Surplus for Indonesia
Total Trade
$156,396
Combined Volume
Trade Flow Visualization
Direct trade relationship between Indonesia and Dem. People's Rep. of Korea. Green line shows exports from Indonesia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Indonesia-Dem. People's Rep. of Korea commercial relationship and competitive positioning in global markets.
Indonesia → Dem. People's Rep. of Korea Exports
Export Market Intelligence
🎯 Strategic Export Focus
Indonesia's export portfolio to Dem. People's Rep. of Korea demonstrates strategic specialization, with refrigerating or freezing equipment: parts thereof, other than furniture representing a key competitive advantage in this bilateral market.
Dem. People's Rep. of Korea → Indonesia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Indonesia's import pattern from Dem. People's Rep. of Korea reveals significant dependencyin fabrics: looped pile fabrics, of cotton, knitted or crocheted, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Indonesia demonstrates competitive strength in exportingrefrigerating or freezing equipment: parts thereof, other than furniture to Dem. People's Rep. of Korea, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $156,396 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Indonesia-Dem. People's Rep. of Korea Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $156.40 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Indonesia maintains a surplus of $156.40 thousand
- Export Focus: Indonesia's primary exports include refrigerating or freezing equipment: parts thereof, other than furniture, ink: for printing, other than black, whether or not concentrated or solid, fans: n.e.c. in item no. 8414.51
- Import Dependencies: Key imports from Dem. People's Rep. of Korea include fabrics: looped pile fabrics, of cotton, knitted or crocheted, rubber: synthetic, styrene-butadiene rubber (sbr) and carboxylated styrene-butadiene rubber (xsbr), (other than latex), in primary forms or in plates, sheets or strip, pumps: fuel, lubricating or cooling medium pumps for internal combustion piston engines
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $156,396 represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Indonesia leveraging its comparative advantages in refrigerating or freezing equipment: parts thereof, other than furniture.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Indonesia's specialization in refrigerating or freezing equipment: parts thereof, other than furniturecomplements Dem. People's Rep. of Korea's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fabrics: looped pile fabrics, of cotton, knitted or crocheted.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $156,396 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $156,396 bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $156.40 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in refrigerating or freezing equipment: parts thereof, other than furniture and fabrics: looped pile fabrics, of cotton, knitted or crocheted demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Indonesia's trade surplus of $156.40 thousand strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Indonesia and Dem. People's Rep. of Korea represents a total trade volume of $156.40 thousand in 2023. This partnership demonstrates a favorable trade balance for Indonesia, with exports exceeding importsby $156.40 thousand.
Export Strengths
Indonesia's exports to Dem. People's Rep. of Korea total $156.40 thousand, with competitive advantages in refrigerating or freezing equipment: parts thereof, other than furniture, representing $137,621 or88.0% of bilateral exports.
Import Dependencies
Imports from Dem. People's Rep. of Korea amount to $0.00, highlighting economic interdependence in fabrics: looped pile fabrics, of cotton, knitted or crocheted, with Fabrics: looped pile fabrics, of cotton, knitted or crocheted comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Indonesia's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Indonesia and Dem. People's Rep. of Korea in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023