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Trade between Indonesia and Vietnam

In 2024, Indonesia exported $9.5 billion to Vietnam and imported $6.5 billion. Indonesia ran a surplus of $3 billion with Vietnam, compared with a surplus of $2.3 billion in 2019. Vietnam was Indonesia’s 9th largest trading partner (3% of its trade), and Indonesia was Vietnam’s 12th (2%).

Summary

Indonesia → Vietnam
$9.5billion
Vietnam → Indonesia
$6.5billion
Indonesia’s balance
$3billion

Balance

Indonesia’s trade balance with Vietnam

Trade between Indonesia and Vietnam grew 36-fold since 1995

USD billions (current). Indonesia’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 9.5
  • Imports 6.5
  • Balance +3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$288 million$157 million$131 million
1996$364 million$204 million$160 million
1997$350 million$117 million$233 million
1998$290 million$421 million-$130 million
1999$324 million$605 million-$280 million
2000$487 million$290 million$197 million
2001$416 million$189 million$227 million
2002$467 million$268 million$199 million
2003$653 million$565 million$89 million
2004$788 million$416 million$372 million
2005$862 million$468 million$394 million
2006$1.2 billion$865 million$353 million
2007$1.6 billion$1 billion$601 million
2008$2.1 billion$788 million$1.3 billion
2009$1.8 billion$727 million$1.1 billion
2010$2.2 billion$1.4 billion$770 million
2011$2.6 billion$2.3 billion$207 million
2012$2.5 billion$2.7 billion-$175 million
2013$2.6 billion$2.7 billion-$142 million
2014$2.8 billion$3.3 billion-$492 million
2015$3.1 billion$3.1 billion-$8 million
2016$3.3 billion$3.2 billion$177 million
2017$4 billion$3.3 billion$725 million
2018$5.2 billion$3.8 billion$1.4 billion
2019$6.1 billion$3.8 billion$2.3 billion
2020$5.6 billion$3.1 billion$2.5 billion
2021$7.6 billion$4.4 billion$3.3 billion
2022$9.5 billion$4.8 billion$4.8 billion
2023$8.7 billion$5.3 billion$3.4 billion
2024$9.5 billion$6.5 billion$3 billion

What they sell each other

What Indonesia sells to Vietnam

The top 10 headings in 2024, with their share of the total.

  1. Coal$1.8 billion · 18.8%
    27.2 million tonnes · Indonesia’s destinations
  2. Stainless steel sheet$1.1 billion · 11.5%
    609 thousand tonnes
  3. Cars$960 million · 10.1%
    90 thousand tonnes · Indonesia’s destinations
  4. Palm oil$591 million · 6.2%
    645 thousand tonnes · Indonesia’s destinations
  5. Refined copper$481 million · 5.1%
    52 thousand tonnes · Indonesia’s destinations
  6. 40 thousand tonnes
  7. Motorcycles$165 million · 1.7%
    14 thousand tonnes · Indonesia’s destinations
  8. Auto parts$151 million · 1.6%
    18 thousand tonnes · Indonesia’s destinations
  9. Cigarettes and cigars$141 million · 1.5%
    7 thousand tonnes · Indonesia’s destinations
  10. Coke$141 million · 1.5%
    519 thousand tonnes

What Vietnam sells to Indonesia

The top 10 headings in 2024, with their share of the total.

  1. Rice$753 million · 11.6%
    1.2 million tonnes · Vietnam’s destinations
  2. Aluminum oxide and hydroxide$287 million · 4.4%
    646 thousand tonnes
  3. Polypropylene$260 million · 4%
    249 thousand tonnes · Indonesia’s sources
  4. Firewood and wood chips$256 million · 3.9%
    2.4 million tonnes
  5. Other knitted fabric$227 million · 3.5%
    29 thousand tonnes
  6. Hot-rolled flat steel$195 million · 3%
    322 thousand tonnes
  7. Phones and telecom equipment$171 million · 2.6%
    784 tonnes
  8. Footwear parts$161 million · 2.5%
    9 thousand tonnes
  9. Tanned cattle hides$146 million · 2.3%
    14 thousand tonnes
  10. Coffee$119 million · 1.8%
    36 thousand tonnes · Vietnam’s destinations

How it travels

Estimated sea route from Jakarta to Phu My.

The estimated sea route between Jakarta and Phu My is 1,020 nautical miles (1,890 km) long: ≈ 2.5–3 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$15.2 billion · 95.2%
  2. Air$769 million · 4.8%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Vietnam was Indonesia’s 9th largest trading partner (3% of its trade), and Indonesia was Vietnam’s 12th (2%).

Vietnam in Indonesia’s trade
3%
Vietnam’s rank among Indonesia’s partners
9th
Indonesia in Vietnam’s trade
1.8%
Indonesia’s rank among Vietnam’s partners
12th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.