Vietnam imports from Indonesia in January down 16.53% MoM / iron and steel -10.96%, coal +1.39%

In January, Vietnam imported US$967.74 million worth of goods from Indonesia, down from US$1,159.43 million in December, a change of -16.53 percent, according to preliminary data from Vietnam’s General Department of Customs.

So far this year, Vietnam has imported US$968 million worth of goods from Indonesia.

Bar chart of Vietnam imports from Indonesia in 2026, US$millions.

Vietnam imported US$217.86 million worth of iron and steel from Indonesia in January. This was down from US$244.68 million in December, a change of -10.96 percent.

Vietnam imported US$186.53 million worth of coal from Indonesia in January. This was up from US$183.96 million in December, a change of 1.39 percent.

Vietnam imported US$99.53 million worth of other base metals from Indonesia in January. This was down from US$113.96 million in December, a change of -12.66 percent.

Pie chart Vietnam's main imports from Indonesia in January.

Vietnam imported US$58.82 million worth of animal, vegetable fats and oils from Indonesia in January. This was down from US$64.83 million in December, a change of -9.26 percent.

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Vietnam’s trade with Indonesia in January / year to date

In January, Vietnam imported goods worth US$967.74 million from Indonesia and exported US$489.60 million, bringing total trade to US$1,457.34 million and resulting in a trade deficit of US$478.14 million.

Two-way trade so far this year between Vietnam and Indonesia has reached US$1,457.34 million, with Vietnam importing US$967.74 million worth of goods and exporting US$489.60 million.

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Vietnam – Indonesia latest developments

Recent developments in trade and investment between the two countries include:

Trade remedies on Indonesian / Malaysian glass

The Ministry of Industry and Trade, on January 30, 2026, imposed provisional anti-dumping duties on certain clear float glass imported from Indonesia and Malaysia.

The provisional duties range from 15.17 percent to 63.39 percent depending on the producer and exporter, following a complaint filed in May 2025 by domestic manufacturers.

Preliminary findings showed dumped imports caused significant injury to domestic producers, with import volumes rising more than 61.82 percent after the investigation was launched.

VinFast Indonesia enters the infrastructure sector

VinFast Indonesia has signed a strategic cooperation agreement with Subang Regency and toll road operator PT Lintas Marga Sedaya to develop an interchange on the Cipali Expressway in Indonesia.

VinFast will act as the sole strategic investor, fully funding planning, permitting, construction, and related costs for the Manyingsal interchange at Km 115+500, the article says.

The project has received in-principle approval from Indonesia’s Ministry of Public Works, with a maximum completion timeline of three years after licensing.”

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Vietnam – Indonesia trade relations

Vietnam and Indonesia established diplomatic relations in 1955, forming one of the earlier bilateral ties in Southeast Asia.

Economic engagement expanded steadily after both countries embarked on market-oriented reforms, with trade rising alongside deeper regional integration through the Association of Southeast Asian Nations.

The relationship was elevated to a Strategic Partnership in 2013, creating structured cooperation across trade, investment, energy, fisheries and defence.

Bilateral trade has been further supported by the ASEAN Trade in Goods Agreement and the Regional Comprehensive Economic Partnership, which provide tariff reductions and common trade rules across the region.

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The data

Vietnam imports from Indonesia in January US$m

JanuaryDecemberMoMYTD
Total967.741,159.43-16.53%967.74
Iron and steel217.86244.68-10.96%217.86
Coal186.53183.961.39%186.53
Other base metals99.53113.96-12.66%99.53
Other products67.7885.40-20.64%67.78
Animal, vegetable fats and oils58.8264.83-9.26%58.82
Motor vehicles57.3678.61-27.03%57.36
Fishery products37.4952.47-28.54%37.49
Parts and accessories of motor vehicles30.3336.26-16.35%30.33
Paper27.7936.62-24.09%27.79
computers, electrical products, spare-parts and components thereof21.2643.65-51.31%21.26
Machine, equipment, tools and instruments17.5219.52-10.24%17.52
Chemical products16.6220.53-19.05%16.62
Animal fodders and animal fodder materials14.0416.77-16.30%14.04
Plastics11.9112.14-1.93%11.91
Rubber11.7515.88-26.01%11.75
Chemicals10.7114.91-28.17%10.71
Pastries, sweets and cereal products9.1720.73-55.75%9.17
Fabrics8.187.607.72%8.18
Yarn7.879.57-17.72%7.87
Cashew nut7.2714.94-51.34%7.27
Electric consumer products and parts thereof6.794.2958.44%6.79
Essential oils and resinoids; perfumery, cosmetic or toilet preparations6.5812.22-46.10%6.58
Textile, leather and footwear materials and auxiliaries6.026.78-11.33%6.02
Insulated wires and cables5.166.66-22.57%5.16
Plastic products4.094.94-17.13%4.09
Other edible food preparations3.276.37-48.72%3.27
Insecticides, rodenticides and materials2.431.5160.68%2.43
Wood and wooden products2.173.25-33.27%2.17
Glass and glassware1.924.32-55.46%1.92
Iron and steel products1.701.75-2.65%1.70
Cotton1.392.99-53.46%1.39
Pharmaceutical products1.381.68-17.60%1.38
Paper products1.383.46-60.22%1.38
Fertilizers1.301.65-21.53%1.30
Rubber products1.191.41-15.70%1.19
Other petroleum products0.730.704.79%0.73
Other base metal products0.250.2310.59%0.25
Tobacco materials0.192.21-91.41%0.19

Vietnam trade with Indonesia year to date US$m

JanuaryDecemberMoMYTD
Imports967.741,159.43-16.53%967.74
Exports489.60473.043.50%489.60
Total1,457.341,632.47-10.73%1,457.34
Balance-478.14-686.39-30.34%-478.14
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