Main Products Imported by Indonesia from Finland in 2023

Indonesia recorded imports from Finland worth US$658.09 million as of December 2023. This value increased by 33.01% compared to the previous year's imports, which were recorded at US$494.77 million.

Looking at the trade history between Indonesia and Finland, imports over the past 10 years have experienced a significant decline. Indonesia's lowest import value was US$334.33 million, while the highest import value reached US$668.43 million.

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Of the 97 products (two-digit HS code) imported from Finland, 41 products were worth over one billion dollars. Additionally, according to Trademap data, there are 58 main products that Indonesia imports from this country every year. This indicates a significant dependence on these imported products. Furthermore, most of these products are also imported from other countries.

Below is a list of the top five products imported by Indonesia from Finland, ranked from the highest transaction value.

1. Nuclear Reactors, Boilers, Machinery and Mechanical Appliances

Ranked first, Indonesia imports a large amount of Nuclear Reactors, Boilers, Machinery and Mechanical Appliances. In Trademap classification, this product falls under HS code 84. This type of imported goods is grouped together with Parts

In 2023, Indonesia recorded imports worth US$415.95 million. The import value of Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts increased compared to the previous period, which was recorded at US$314.49 million.

2. Electrical Machinery and Equipment and Parts Thereof

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Falling under HS code 85, Electrical Machinery and Equipment and Parts Thereof is a group of imported goods categorized together with Sound Recorders and Reproducers, Television. Indonesia imported US$61.53 million worth of these products.

3. Wood Pulp or Other Fibrous Cellulosic Materials

Imports of Wood Pulp or Other Fibrous Cellulosic Materials from Finland are currently the largest. Indonesia imported US$43.56 million worth of these products from this country. Other major suppliers of this product to Indonesia are the United States, Brazil, Canada, Indonesia and Sweden.

4. Iron and Steel

Indonesia recorded imports of this product from one country. Imports of Iron and Steel from this country are the largest. In 2023, Indonesia recorded imports worth US$32.85 million. Other countries in the top five suppliers of this imported product to Indonesia are China, Germany, Japan, Indonesia and the Republic of Korea.

5. Paper and Paperboard

This product was obtained by importing it from one country. Imports of Paper and Paperboard from this country are the largest. In 2023, Indonesia recorded imports worth US$19.28 million. Other countries in the top five suppliers of this imported product to Indonesia are China, Germany, the United States, Sweden and Italy.