One of the leading importers of SE Asia, Indonesia has been heavily reliant on foreign traders for its domestic requirements. Despite the vast agricultural productions of Indonesia the country still depends on foreign traders for its domestic agricultural requirements because while the agro-farming industries are focused on the cultivation of rice the population residing in the nation keeps on demanding other cereals like wheat, barley jute, etc. which indulge the nation in importing agro goods from other trade destinations. The reliance on the industrial sectors over the sophisticated machinery supplied by the global traders, such as mechanical appliances, generators, and telecommunication equipment, promotes the country's development towards the latest trends of the global market and make Indonesia a leading import trade destination worldwide.

The Ministry of Trade Welfare of Indonesia has set up different policies to benefit the import trade market via setting competitive pricing strategies as compared to the global trade range along with which the political stability of the nation contributes to the import market growth. The import trade market of Indonesia has been growing over the years from a significant annual import value of 160.3 billion US dollars in 2020 which has reached a state of 200 billion US dollars in 2023.

What Are the Top 10 Imports of Indonesia in 2023?

According to the Indonesia Import Data, the top 10 imported products of the nation due to the increasing customer rate and industrial acquirements are discussed below,

1. Mineral Fuels and oils – Import value of 2023 – 30 billion US dollars.

2. Electrical Machinery – Import value of 2023 – 25 billion US dollars.

3. Mechanical appliances – Import value of 2023 – 20 billion US dollars.

4. Iron and steel – Import value of 2023 – 15 billion US dollars.

5. Plastics – Import value of 2023 – 12 billion US dollars.

6. Organic Chemicals – Import value of 2023 – 10 billion US dollars.

7. Vehicles – Import value of 2023 – 8 billion US dollars.

8. Medical and Technical equipment – Import value of 2023 –7 billion US dollars.

9. Optical and photographic equipment – Import value of 2023 – 6 billion US dollars.

10. Pharmaceuticals – Import value of 2023 – 5 billion US dollars.

Top 10 Import Trade Destinations of Indonesia in 2023

The leading countries that Indonesia has attracted as their import trade destination via competitive pricing strategies and proper transportation factors according to the Indonesia Customs Data are discussed below,

1. China – According to the China Export Data, the valuation of Indonesia imports in 2023 – 34 billion US dollars.

IMPORTED PRODUCTS

A. Electrical machinery and equipment
B. Crude petroleum
C. Refined petroleum products
D. Liquefied natural gas
E. Coal

2. Japan – According to the Japan Export Data, the valuation of Indonesia imports in 2023 – 28 billion US dollars.

IMPORTED PRODUCTS

A. Electrical circuits and components
B. Telecommunication equipment
C. Boilers, machinery parts, and steam turbines
D. Jet fuel
E. Asphalt

3. Malaysia – According to the Malaysia Export Data, the valuation of Indonesia imports in 2023 – 25 billion US dollars.

IMPORTED PRODUCTS

A. Bitumen
B. Excavators and construction machinery
C. Boilers, machinery parts, and steam turbines
D. Printing machinery
E. Gasoline engine oils

4. Thailand – According to the Thailand Export Data, the valuation of Indonesia imports in 2023 – 20 billion US dollars.

IMPORTED PRODUCTS

A. Printed circuit boards
B. Semiconductor devices
C. Power converters and rectifiers
D. Household appliances
E. Motor vehicles

5. South Korea – According to the South Korea Export Data, the valuation of Indonesia imports in 2023 – 15 billion US dollars.

IMPORTED PRODUCTS

A. Electric vehicles
B. Liquefied natural gas
C. Electrical circuits and components
D. Petroleum gas
E. Gasoline engine oils

6. United States – According to the USA Export Data, the valuation of Indonesia imports in 2023 – 13 billion US dollars.

IMPORTED PRODUCTS

A. LED components and displays
B. Printed circuit boards
C. Power converters and rectifiers
D. Trucks and commercial vehicles
E. Automotive electrical components

7. Singapore – According to the Singapore Export Data, the valuation of Indonesia's imports in 2023 – 12 billion US dollars.

IMPORTED PRODUCTS

A. Car audio systems and accessories
B. Pharmaceuticals and medicines
C. Fertilizers
D. Chemical additives for food and beverages
E. Agricultural chemicals

8. Australia – According to the Australia Export Data, the valuation of Indonesia's imports in 2023 – 10 billion US dollars.

IMPORTED PRODUCTS

A. Aluminum and aluminum products
B. Liquefied natural gas
C. Excavators and construction machinery
D. Computers and computer accessories
E. Jet fuel

9. India – According to the India Export Data, valuation of Indonesia imports in 2023 – 8 billion US dollars.

IMPORTED PRODUCTS

A. Batteries
B. Tires and rubber products
C. Vehicle batteries
D. Car audio systems and accessories
E. Agricultural chemicals

10. Germany – According to the Germany Export Data, the valuation of Indonesia imports in 2023 – 6 billion US dollars.

IMPORTED PRODUCTS

A. Lead and lead products
B. Steel pipes and tubes
C. Tin and tin products
D. Corn and maize
E. Pulp for paper production

FAQ’s

Que. What is the import trade value of Indonesia in 2023?
Ans. The import trade value of Indonesia in 2023 is 200 billion US dollars.

Que. Who is the top import trade destination of Indonesia in 2023?
Ans. The top import trade destination of Indonesia in 2023 is China.

Que. What is the top imported product of Indonesia in 2023?
Ans. The top imported product of Indonesia in 2023 is mineral fuels.

Que. Where can we get a detailed trade analysis of Indonesia's imports in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Indonesia's imports in 2023.

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