Indonesia in South East Asia located at a geographical location of latitude 6 degrees north to 11 degrees south and longitude 95 degrees east to 141 degrees east comprises of more than 17000 islands and is one of the most influential economies of the Asian continent with a balanced import and export trade rates. The growing population of 270 million residing in the nation plays a significant role in the country’s import trade rate by higher consumption of resources available. The manufacturing sectors of the nation are heavily dependent on the import trade rates for raw materials like cotton, rubber, lithium-ion batteries.

Despite the large industrial sectors, the country is still dependent on international imports because of the growing energy sector demands. The influential government reforms framing the trade landscape along with the substantial contribution from tourism and financial real estate have recorded a GDP value of 1.33 trillion US dollars in 2023.

Top Domestic Imports of Indonesia in 2023

The growing domestic demands for industrial necessities and population growth residing in the nation have increased the import trade rate to a huge extent. As per the Indonesia Import Data, the top imports of the nation in 2023 are,

• Mineral Fuels – Import trade cost rate of Mineral Fuels imports in Indonesia 2023 – 40 billion US dollars.

• Machinery and Mechanical appliances – Import trade cost rate of Machinery and Mechanical appliances imports in Indonesia 2023 – 28 billion US dollars.

• Electrical Machinery and Equipment – Import trade cost rate of Electrical Machinery and Equipment imports in Indonesia 2023 – 20 billion US dollars.

• Iron and Steel – Import trade cost rate of Iron and Steel imports in Indonesia 2023 – 15 billion US dollars.

• Plastics – Import trade cost rate of Plastics imports in Indonesia 2023 – 12 billion US dollars.

• Organic Chemicals – Import trade cost rate of Organic Chemicals imports in Indonesia 2023 – 11 billion US dollars.

• Vehicles – Import trade cost rate of Vehicles imports in Indonesia 2023 – 10 billion US dollars.

• Optical and Medical Equipment – Import trade cost rate of Optical and Medical Equipment imports in Indonesia 2023 – 9 billion US dollars.

• Cereals – Import trade cost rate of Cereals imports in Indonesia 2023 – 8 billion US dollars.

• Pharmaceuticals – Import trade cost rate of Pharmaceuticals imports in Indonesia 2023 – 7 billion US dollars.

Top Import Partners of Indonesia in 2023

The Indonesia Customs Data enlists the below-mentioned factors as the top import partners of Indonesia in 2023,

• China – According to China Import Data, the valuation of imports from China to Indonesia in 2023 – 47 billion US dollars.

Import Variations

1. Machinery and Equipment
2. Electronics and Electrical Equipment
3. Iron, Steel, and Metal Products
4. Chemicals
5. Textiles and Apparel

• Singapore – According to Singapore Import Data, the valuation of imports from Singapore to Indonesia in 2023 – 21 billion US dollars.

Import Variations

1. Refined Petroleum
2. Petrochemicals
3. Electronic Components
4. Machinery and Equipment
5. Medical and Pharmaceutical Products

• Japan – According to Japan Import Data, the valuation of imports from Japan to Indonesia in 2023 – 15 billion US dollars.

Import Variations

1. Automobiles and Vehicle Parts
2. Machinery and Mechanical Equipment
3. Steel and Metal Products
4. Electrical Machinery and Equipment
5. Chemical Products

• Thailand – According to Thailand Import Data, the valuation of imports from Thailand to Indonesia in 2023 – 13 billion US dollars.

Import Variations

1. Automobiles and Vehicle Parts
2. Machinery and Mechanical Appliances
3. Plastics and Plastic Products
4. Chemicals and Fertilizers
5. Rubber Products

• United States – According to the USA Import Data, the valuation of imports from the United States to Indonesia in 2023 – 12 billion US dollars.

Import Variations

1. Aircraft and Aircraft Parts
2. Machinery and Mechanical Equipment
3. Soybeans
4. Pharmaceuticals and Medical Devices
5. Electrical Machinery and Equipment

• Malaysia – According to Malaysia Import Data, the valuation of imports from Malaysia to Indonesia in 2023 – 11 billion US dollars.

Import Variations

1. Refined Petroleum
2. Chemicals and Petrochemical Products
3. Palm Oil and Palm Oil Derivatives
4. Machinery and Mechanical Appliances
5. Electrical and Electronic Products

• South Korea – According to South Korea Import Data, the valuation of imports from South Korea to Indonesia in 2023 – 10 billion US dollars.

Import Variations

1. Machinery and Mechanical Appliances
2. Electrical Equipment and Electronics
3. Iron and Steel
4. Plastics and Plastic Products
5. Petrochemical Products and Organic Chemicals

• Australia – According to Australia Import Data, the valuation of imports from Australia to Indonesia in 2023 – 9 billion US dollars.

Import Variations

1. Coal
2. Iron Ore and Concentrates
3. Wheat
4. Live Animals
5. Alumina

• India – According to India Import Data, the valuation of imports from India to Indonesia in 2023 – 8 billion US dollars.

Import Variations

1. Organic Chemicals
2. Vehicles and Automotive Parts
3. Iron and Steel
4. Pharmaceutical Products
5. Cotton

• Germany – According to Germany Import Data, the valuation of import trades from Germany in Indonesia 2023 – 6 billion US dollars.

Import Variations

1. Machinery and Mechanical Appliances
2. Electrical Equipment and Electronics
3. Pharmaceutical Products
4. Optical, Photographic, and Medical Instruments
5. Vehicles and Automotive Parts

Import Trade Statistics of Indonesia for the Last 10 Years

1. Import trade value of Indonesia in 2013 – 188.9 billion US dollars

2. Import trade value of Indonesia in 2014 – 178 billion US dollars

3. Import trade value of Indonesia in 2015 – 135 billion US dollars

4. Import trade value of Indonesia in 2016 – 132 billion US dollars

5. Import trade value of Indonesia in 2017 – 200 billion US dollars

6. Import trade value of Indonesia in 2018 – 210 billion US dollars

7. Import trade value of Indonesia in 2019 – 225 billion US dollars

8. Import trade value of Indonesia in 2020 – 300 billion US dollars

9. Import trade value of Indonesia in 2021 – 310 billion US dollars

10. Import trade value of Indonesia in 2022 - 380 billion US dollars

FAQ’s

Que. What is the top import of Indonesia in 2023?
Ans. The top import of Indonesia in 2023 is Mineral Fuels.

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

Que. Where can you get a detailed trade analysis of Indonesian imports in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of Indonesian imports in 2023.

www.importglobals.com ; info@importglobals.com