Indonesia is the largest country of southeast Asia and Oceania between the Indian and pacific oceans. The country became a major player in the global market due to favorable business environment and an attractive foreign market for goods and investment. Indonesia growing population, developing industries and thriving economy are major factors contributing its high import trade activities. Indonesia market has recorded significant growth in import activities in the recent year and upward trend is expected to continue in the coming years.
What Are the Top 10 Importing Product of Indonesia in 2023?
As per Indonesia Customs Data, the top 10 products that Indonesia has imported in the year 2023 are as per below:
1) 1 Mineral Fuels: $46 billion Indonesia Imported mineral fuels at the highest nearly one-fourth of its total imports in 2023. Primary Imports – Crude Oil and Petroleum products. Mineral Fuels comes under HS CODE OF CHAPTER – 27.
2) Machinery: $24 billion Machinery is the second top imported product by Indonesia due to its rapid industrialization and modernization efforts.Machinery majorly comes under HS CODE OF CHAPTER –84
3) Electrical Equipment: $16 billion The high demand of electronic devices Indonesia Import heavily electronic equipment’s that includes smart phones, computers, laptops, televisions are top high demanding products in Indonesia. Electrical Equipment’s comes under HS CODE OF CHAPTER – 85
4) Iron & Steel: $12 billion Iron and steel are the key building materials that is used for construction and manufacturing fields. Indonesia is highly focusing in growing these sectors therefore impressive spike in import has been shown in the recent year. Iron and Steel comes under HS CODE OF CHAPTER – 72
5) Plastics: $9 billion With the high consumer demand of plastic products in Indonesia market it becomes the top 5th highest importing product. Plastics comes under HS CODE OF CHAPTER – 39
6) Organic Chemicals: $8 billion Organic chemical demand continues to grow in Indonesia. Organic Chemicals comes underHS CODE OF CHAPTER – 29
7) Optical & Medical Instruments: $6 billion The rising need for advanced medical equipment and devices, Indonesia imported highly optical and medical instruments in the recent year. Optical & Medical Instruments comes under HS CODE OF CHAPTER – 90
8) Vehicles: $5 billion Despite being a major producer of automotive vehicles, Indonesia still imports a significant number of cars and motor vehicles. Vehicles comes under HS CODE OF CHAPTER – 87
9) Articles of Iron or Steel: $4 billion With growing construction activities across the country, there has been an increasing demand for articles of iron or steel such as pipes, tubes, and fittings. Articles of Iron or steel comes under HS CODE OF CHAPTER – 73
10) Cereals: $4 billion Indonesia continues to rely on importing wheat from countries like Australia, Canada, and Ukraine. Cereals comes under HS CODE OF CHAPTER – 11
FREQUENTLY ASKED QUESTIONS
Que. How to obtain more information about Indonesia Import Customs Data? Ans. You can subscribe at Import Globals to obtain more information of Indonesia Import Data.
Que. Does Indonesia Import Statistics contains Importers and Foreign supplier details? Ans. Yes, Indonesia Import Statistics contains Indonesia Importers and Worldwide Supplier details.
Que. What are the top Imported product of Indonesia in 2023? Ans. Mineral Fuels and Machinery are top imported products of Indonesia in 2023.
Que. Who is the top trading partner of Indonesia? Ans. China is the top trading partner of Indonesia.