Indonesia
↔
Viet Nam

Indonesia-Viet Nam Bilateral Trade Analysis 2023

Complete trade statistics: $12.84B total volume •Indonesia surplus: $2.24B

Indonesia → Viet Nam

$7.54B

Exports (2023)

Viet Nam → Indonesia

$5.30B

Imports (2023)

Trade Balance

$2.24B

Surplus for Indonesia

Total Trade

$12.84B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Indonesia and Viet Nam. 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-Viet Nam commercial relationship and competitive positioning in global markets.

Indonesia → Viet Nam Exports

$7.54B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
15.7% top product
1Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated
$1.18B
15.7% of exports
2Steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of 3mm or more but less than 4.75mm
$605.78M
8.0% of exports
3Vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified
$577.22M
7.7% of exports
4Coal: bituminous, whether or not pulverised, but not agglomerated
$311.79M
4.1% of exports
5Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc
$271.79M
3.6% of exports
6Copper: refined, unwrought, cathodes and sections of cathodes
$271.05M
3.6% of exports
7Steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of less than 3mm
$154.10M
2.0% of exports
8Molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen
$141.55M
1.9% of exports
9Steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of 4.75mm or more but not exceeding 10mm
$131.41M
1.7% of exports
10Copper: wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less
$124.11M
1.6% of exports

🎯 Strategic Export Focus

Indonesia's export portfolio to Viet Nam demonstrates strong diversification across multiple sectors, with coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated representing a key competitive advantage in this bilateral market.

Viet Nam → Indonesia Imports

$5.30B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
12.3% concentration
1Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed
$653.76M
12.3% of imports
2Iron or non-alloy steel: in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of less than 3mm
$206.52M
3.9% of imports
3Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts
$171.96M
3.2% of imports
4Propylene, other olefin polymers: polypropylene in primary forms
$132.51M
2.5% of imports
5Wood: for fuel, in chips or particles, non-coniferous, whether or not agglomerated
$102.55M
1.9% of imports
6Aluminium oxide: other than artificial corundum
$99.57M
1.9% of imports
7Motorcycles (including mopeds) and cycles: fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars: side-cars
$93.96M
1.8% of imports
8Paper and paperboard: coated, impregnated or covered with plastics (excluding adhesives), other than bleached and weighing more than 150g/m2, other than goods of heading no. 4803, 4809, or 4810
$87.91M
1.7% of imports
9Reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen
$87.81M
1.7% of imports
10Leather: further prepared after tanning or crusting, incl. parchment-dressed, of bovine (including buffalo) or equine animals, no hair, excluding leather of heading 41.14, and whole hides and skins, and sides, (full grains, unsplit and grain splits)
$85.03M
1.6% of imports

📦 Import Strategy Analysis

Indonesia's import pattern from Viet Nam reveals strategic sourcingin cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Indonesia demonstrates competitive strength in exportingcoal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated to Viet Nam, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced
📈

Growth Potential

The $12.84B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Indonesia-Viet Nam Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $12.84 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Indonesia maintains a surplus of $2.24 billion
  • Export Focus: Indonesia's primary exports include coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated, steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of 3mm or more but less than 4.75mm, vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified
  • Import Dependencies: Key imports from Viet Nam include cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, iron or non-alloy steel: in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of less than 3mm, telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthBalanced

📈 Market Position: This bilateral trade relationship represents a significant global 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 $12.84B 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 coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated.

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

1

Comparative Advantage

Indonesia's specialization in coal: (other than anthracite and bituminous), whether or not pulverised but not agglomeratedcomplements Viet Nam's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $12.84B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $12.84B 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 $12.84 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated and cereals: rice, semi-milled or wholly milled, whether or not polished or glazed demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Indonesia's trade surplus of $2.24 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of 3mm or more but less than 4.75mm present expansion opportunities.
Market Diversification
Beyond current focus on cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated may affect future market positioning.

🎯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 Viet Nam represents a total trade volume of $12.84 billion in 2023. This partnership demonstrates a favorable trade balance for Indonesia, with exports exceeding importsby $2.24 billion.

Export Strengths

Indonesia's exports to Viet Nam total $7.54 billion, with competitive advantages in coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated, representing $1.18B or15.7% of bilateral exports.

Import Dependencies

Imports from Viet Nam amount to $5.30 billion, highlighting economic interdependence in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, with Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed comprising12.3% 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 Viet Nam in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023