Indonesia Imported the Most Machinery from Taipei in 2023
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Indonesia recorded imports from Taipei totaling US$3.95 billion as of December 2023. This represents a significant 11.33% decrease compared to the previous year's imports, which reached US$4.45 billion.
Indonesia's trade record with Taipei shows a surge in imports over the past 10 years. The lowest import value was US$2.89 billion, while the highest reached US$4.45 billion.
Of the 97 products (two-digit HS codes) imported from Taipei, 44 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 92 main products from this country annually. This indicates a considerable dependence on these imported products. Many of these products are also imported from other countries.
The following is a list of the top five products imported by Indonesia from Taipei, ordered from highest to lowest transaction value.
- Electrical machinery, equipment, and parts
- Nuclear reactors, boilers, machinery, and mechanical appliances
- Plastics
- Iron and steel
- Man-made filaments
Indonesia imported a significant amount of electrical machinery, equipment, and parts. In the Trademap classification, this falls under HS code 85. This category includes sound recording and reproducing apparatus, television, etc. In 2023, Indonesia imported US$1.52 billion worth of these goods. This represents an increase compared to the previous period, which recorded US$1.41 billion.
Falling under HS code 84, nuclear reactors, boilers, machinery, and mechanical appliances are categorized together with parts. Indonesia imported US$459.42 million worth of these products from Taipei.
In the Trademap classification, plastics fall under HS code 39. Indonesia imported US$321.99 million worth of plastics from Taipei. This represents the largest import of plastics from a single country. Other top five suppliers of plastics to Indonesia include China, the United States, Germany, South Korea, and Belgium.
Currently, Indonesia's imports of iron and steel from Taipei are the largest. Imports totaled US$237.55 million. Other major suppliers of iron and steel to Indonesia include China, Germany, Japan, Indonesia itself, and South Korea.
Indonesia also imports a significant amount of man-made filaments from Taipei, totaling US$143.84 million. This is lower than the previous period, which reached US$178.91 million. Besides Taipei, Indonesia also relies on imports of man-made filaments from China, South Korea, Italy, and Japan. In addition to these major countries, Indonesia imported this product from four other countries.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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