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Who buys Indonesia’s steel? Export destinations 2024

In 2024, Indonesia exported $12.1 billion of steel (10.7 million tonnes), 3.5% of the world total. Its main destinations were China (21%), Taiwan (18%) and India (12%). Indonesia was the world’s 7th-largest exporter of steel.

Summary

Value
$12.1billion
Tonnes
10.7million tonnes
Share of world total
3.5%
World rank
7th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China2.6Tonnes: 1,571,700USD per tonne: $1,63521.2%Sea
Taiwan2.2Tonnes: 1,009,992USD per tonne: $2,13817.9%Sea
India1.4Tonnes: 802,907USD per tonne: $1,78111.8%Sea
Vietnam1.2Tonnes: 888,373USD per tonne: $1,40510.3%Sea
Turkey0.81Tonnes: 960,015USD per tonne: $8456.7%Sea
Malaysia0.54Tonnes: 560,559USD per tonne: $9554.4%Land
Thailand0.38Tonnes: 509,412USD per tonne: $7483.2%Sea
Philippines0.37Tonnes: 767,361USD per tonne: $4863.1%Sea
United States0.33Tonnes: 413,584USD per tonne: $7962.7%Sea
Italy0.25Tonnes: 216,294USD per tonne: $1,1392%Sea
South Korea0.24Tonnes: 140,593USD per tonne: $1,6762%Sea
Egypt0.21Tonnes: 206,808USD per tonne: $5201.7%Sea
Guatemala0.18Tonnes: 344,671USD per tonne: $5331.5%Sea
Spain0.16Tonnes: 263,181USD per tonne: $6221.4%Sea
Mexico0.16Tonnes: 300,508USD per tonne: $5211.3%Sea
Belgium re-exports0.13Tonnes: 214,952USD per tonne: $5901.1%Sea
Poland0.11Tonnes: 166,877USD per tonne: $6410.88%Sea
Dominican Republic0.08Tonnes: 173,489USD per tonne: $4720.68%Sea
Australia0.07Tonnes: 106,288USD per tonne: $6450.57%Sea
Sri Lanka0.06Tonnes: 115,165USD per tonne: $5350.51%Sea

Trend

Who it sells to

China has been its main destination since 2020

Value in USD billions. The five largest destinations in 2024.

  • China 2.6
  • Taiwan 2.2
  • India 1.4
  • Vietnam 1.2
  • Turkey 0.81

Source: CEPII BACI

Show the numbers
Partner19952024
China0.012.6
Taiwan< 0.012.2
India< 0.011.4
Vietnam< 0.011.2
Turkey00.81

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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