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Southeast Asia / Market profile

Indonesia

A research starting point for understanding Indonesia from an Indian business perspective.

Last updated: 4 October 2026

India
Indonesia flagIndonesia

India-focused research

Indonesia country briefing artwork

Country overview

Capital
Jakarta (capital relocation status requires current official confirmation)
Region
Southeast Asia
Currency
Indonesian rupiah (IDR)
Time zone
Three time zones; Jakarta uses UTC+7 (WIB), without daylight saving. Verify the operating location's zone.

Source: Time.is; relocation status requires official confirmation

View source
Indonesia flag

Market snapshot

Key indicators for the selected market. Country indicators are dated; trade figures use the latest available year.

Population

283.49M

2024

World Bank

View source
GDP

US$1396.30B

2024

World Bank

View source
GDP growth

5.0%

2024

World Bank

View source
Import market size

US$241.58B

2025

WTO Tariff & Trade Data, UN Comtrade

View source
Indicator notes & verification

World Bank indicators refer to 2024; WTO merchandise imports refer to 2025 and exclude services. These years must not be presented as identical. Time.is identifies Jakarta as the capital; the legal relocation transition to Nusantara was not established from an official decree in this review. Confirm current status before relying on it.

Last verified: 4 October 2026

Data years: Population: 2024; GDP: 2024; GDP growth: 2024; Import market size: 2025

India-Indonesia trade relationship

Historical exports and leading recorded products, not a forecast of demand.

US$5.99B

-26.4% YoY

India exports to Indonesia (2024)

Source: CEPII BACI HS17 via India Trade Routes

See full trade series
Trade notes
2023: US$8.13B2024: US$5.99B
Direction only; not a scaled chart.

Recorded route summary

India recorded exports to Indonesia in every BACI year from 2017 to 2024. In 2024, India's exports to Indonesia were $5.99B, down 26.4% year over year. The 3 largest HS6 products by value were Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils (HS 271000, $759.4M, 12.7% of the total); Ground-nuts: other than seed, not roasted or otherwise cooked, shelled, whether or not broken, (HS 120242, $307.4M, 5.1% of the total); Vehicles: dumpers, designed for off-highway use, for transport of goods (HS 870410, $160.3M, 2.7% of the total).

Top Indian exports to Indonesia (2024)

  1. 1
    Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils. Expand full product description.

    HS6 271000

    US$759.36M
  2. 2
    Ground-nuts: other than seed, not roasted or otherwise cooked, shelled, whether or not broken,. Expand full product description.

    HS6 120242

    US$307.41M
  3. 3
    Vehicles: dumpers, designed for off-highway use, for transport of goods. Expand full product description.

    HS6 870410

    US$160.28M

Why research this market?

Four research lenses to understand the market, not a recommendation to enter it.

Demand

Indonesia recorded US$241.58B of merchandise imports in 2025. Investigate product-specific buyers; aggregate imports are not a demand forecast.

View details Demand

Source: WTO Tariff & Trade Data, UN Comtrade (2025)

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Check the linked evidence and its date before acting.

Capability

Evaluate fulfilment across the actual operating locations, support and product fit.

View details Capability

This research guidance has no linked supporting evidence yet.

Access

Research AITIGA tariff schedules and origin requirements for the specific product. Do not assume eligibility.

View details Access

Source: India Ministry of Commerce

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Check the linked evidence and its date before acting.

Expansion

Assess operating locations, staffing, responsibilities and costs before committing.

View details Expansion

This research guidance has no linked supporting evidence yet.

Explore sectors

Choose a research focus. No sector has been established as an opportunity in this country.

Market entry

Possible routes to evaluate, not recommendations for this country.

Direct sales

Investigate contracting, fulfilment and customer support responsibilities.

  1. 01Indian business

  2. 02Entry route

  3. 03Buyer or partner

  4. 04Local operations

  5. 05Expansion

Questions before entering

Check these against your product, HS code and business model.

Regulatory & compliance

Verify current requirements with the relevant authority before acting. This is not legal or tax advice.

01

Business registration

OSS provides risk-based licensing services. Verify permissions for the planned activity and investment structure.

Source: Indonesia OSS

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View details Business registration

What to verify

OSS provides risk-based licensing services. Verify permissions for the planned activity and investment structure.

Relevant source: Indonesia OSS

Last verified: 4 October 2026

View source
02

Import & export

Verify classification, documentation and restrictions with the relevant authority; operational requirements remain pending verification.

View details Import & export

What to verify

Verify classification, documentation and restrictions with the relevant authority; operational requirements remain pending verification.

03

Tax

Verify applicable entity and transaction tax obligations. No tax rates are established in this profile.

View details Tax

What to verify

Verify applicable entity and transaction tax obligations. No tax rates are established in this profile.

04

Data & privacy

Verify privacy and sector obligations for the data and services involved.

View details Data & privacy

What to verify

Verify privacy and sector obligations for the data and services involved.

05

Product requirements

Check product standards, conformity, labelling and approvals.

View details Product requirements

What to verify

Check product standards, conformity, labelling and approvals.

06

Sector-specific regulation

Identify the regulator and confirm activity permissions.

View details Sector-specific regulation

What to verify

Identify the regulator and confirm activity permissions.

India connection

Explore sourced bilateral information relevant to Indian businesses.

No institutional endorsement or partnership is implied.

IndiaIndonesia flagIndonesia
01

India-to-country trade

Explore recorded exports and products in the trade section above.

View trade data
02

ASEAN-India Trade in Goods Agreement

India's Ministry of Commerce lists Indonesia among ASEAN members and records AITIGA entry into force on 1 January 2010. Verify the applicable schedules and origin requirements.

Source: India Ministry of Commerce

View details ASEAN-India Trade in Goods Agreement

India's Ministry of Commerce lists Indonesia among ASEAN members and records AITIGA entry into force on 1 January 2010. Verify the applicable schedules and origin requirements.

Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.

Source: India Ministry of Commerce

Last verified: 4 October 2026

View source
03

Relevant Indian institutions

Identify official Indian commercial resources. Specific institutional content was not verified during this review.

View details Relevant Indian institutions

Identify official Indian commercial resources. Specific institutional content was not verified during this review.

Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.

04

Potential ecosystem connections

Identify potential partners through further research. No relationship or endorsement is implied.

View details Potential ecosystem connections

Identify potential partners through further research. No relationship or endorsement is implied.

Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.

05

Relevant bilateral resources

Consult India's Ministry of Commerce ASEAN resources for agreement context and verify product-specific treatment.

Source: India Ministry of Commerce

View details Relevant bilateral resources

Consult India's Ministry of Commerce ASEAN resources for agreement context and verify product-specific treatment.

Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.

Source: India Ministry of Commerce

Last verified: 4 October 2026

View source

What should a business research next?

Identify the product, buyer and operating location. Verify import requirements, AITIGA eligibility, licensing, standards and taxes before comparing routes.

  1. 01

    Understand the market

  2. 02

    Identify relevant sectors

  3. 03

    Assess your readiness

  4. 04

    Evaluate entry routes

  5. 05

    Identify partners

  6. 06

    Build an expansion plan

Discover → Prepare → Connect → Expand

Turn research into a plan

Start with your business context before drawing conclusions about a market.

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