Main Products Imported by Indonesia from Korea in 2023

Indonesia recorded imports from Korea worth US$10.53 billion as of December 2023. The value dropped drastically by 10.18% compared to the previous year's imports, which were recorded at US$11.72 billion.

Looking at Indonesia's trade track record with Korea, imports have continued to surge over the past 10 years. Indonesia's lowest import value was US$6.67 billion, while the highest reached US$11.85 billion.

(Read: Indonesia Exported the Most Pharmaceutical Products to Mongolia in 2023)

Of the 97 products (two-digit HS code) imported from Korea, 52 products were worth over one billion US dollars. Additionally, according to Trademap data, there are 94 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.

Here is a list of the top five main products imported by Indonesia from Korea. This ranking is based on the highest transaction value first.

1. Nuclear reactors, steam boilers, machinery and mechanical appliances

Ranked first, Indonesia imported a large number of nuclear reactors, steam boilers, machinery and mechanical appliances. In Trademap classification, these products fall under HS code 84. This type of imported goods is grouped together with their parts.

In 2023, Indonesia recorded imports of US$1.76 billion for nuclear reactors, steam boilers, machinery and mechanical appliances; parts. This import value increased compared to the previous period's recorded US$1.19 billion.

2. Electrical machinery and equipment and their parts

(Read: Indonesia Imported Oilseeds and Oil-Bearing Fruits Worth US$50 Million from Mozambique in 2023)

Ranked second, Indonesia's largest import from Korea was electrical machinery and equipment and their parts. The import value from Korea in 2023 was recorded at US$1.74 billion. This figure increased compared to the previous period's US$1.72 billion.

3. Iron and steel

Indonesia recorded imports of this product from one country. Imports of iron and steel from this country were the largest. In 2023, Indonesia recorded imports of US$1.03 billion. Other countries in the top five suppliers of this imported product to Indonesia are China, Germany, Japan and Indonesia.

4. Mineral fuels, mineral oils and products of their distillation

Ranked fourth, Indonesia imported a large amount of mineral fuels, mineral oils and products of their distillation from Korea. The import value of this product was recorded at US$977.87 million. This amount was lower than the previous period's US$1.81 billion. Trademap data shows that Indonesia traded mineral fuels, mineral oils and products of their distillation with 4 countries. Imports of these products from this country were the largest. Other countries in the top five suppliers of this imported product to Indonesia are the United States, United Arab Emirates, Saudi Arabia, Canada and the Netherlands.

5. Plastics

Indonesia also imported plastics worth US$768.01 million from Korea. This import value was lower than the previous period's US$1.07 billion. Besides Korea, Indonesia also relied on plastic imports from China, the United States, Germany and Belgium. Apart from these main countries, Indonesia recorded imports of this product from 4 other countries.