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Where does Indonesia get its steel? Import sources 2024

In 2024, Indonesia imported $8.3 billion of steel (11.6 million tonnes), 2.4% of the world total. Its main sources were China (41%), Japan (22%) and South Korea (10%). Indonesia was the world’s 14th-largest importer of steel.

Summary

Value
$8.3billion
Tonnes
11.6million tonnes
Share of world total
2.4%
World rank
14th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China3.4Tonnes: 5,102,159USD per tonne: $66741.2%Sea
Japan1.8Tonnes: 2,108,554USD per tonne: $87522.3%Sea
South Korea0.81Tonnes: 874,858USD per tonne: $9249.8%Sea
Oman0.71Tonnes: 1,423,554USD per tonne: $5008.6%Sea
Vietnam0.42Tonnes: 634,541USD per tonne: $6665.1%Sea
Russia0.23Tonnes: 478,759USD per tonne: $4862.8%Sea
Taiwan0.2Tonnes: 218,578USD per tonne: $9352.5%Sea
Malaysia0.16Tonnes: 218,988USD per tonne: $7321.9%Sea
India0.12Tonnes: 182,483USD per tonne: $6781.5%Sea
Singapore re-exports0.08Tonnes: 105,164USD per tonne: $7891%Sea
Thailand0.05Tonnes: 52,191USD per tonne: $1,0370.65%Sea
Australia0.03Tonnes: 20,842USD per tonne: $1,4500.37%Sea
Hong Kong re-exports0.03Tonnes: 31,060USD per tonne: $8420.32%Sea
Pakistan0.02Tonnes: 39,998USD per tonne: $5200.25%Sea
Saudi Arabia0.02Tonnes: 37,856USD per tonne: $5250.24%Sea
Belgium re-exports0.02Tonnes: 10,572USD per tonne: $1,6960.22%Sea
Sweden0.02Tonnes: 2,959USD per tonne: $5,3850.19%Sea
Switzerland0.01Tonnes: 30,074USD per tonne: $4940.18%Sea
Turkey0.01Tonnes: 17,571USD per tonne: $7200.15%Sea
Germany0.01Tonnes: 4,010USD per tonne: $2,8300.14%Sea

Trend

Who it buys from

China has been its main source since 2014

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

  • China 3.4
  • Japan 1.8
  • South Korea 0.81
  • Oman 0.71
  • Vietnam 0.42

Source: CEPII BACI

Show the numbers
Partner19952024
China0.133.4
Japan0.591.8
South Korea0.270.81
Oman00.71
Vietnam< 0.010.42

Sources and methodology

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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