Indonesia imported US$892.72 million worth of natural or cultured pearls from Hong Kong in 2023.

Indonesia recorded imports from Hong Kong totaling US$2.53 billion as of December 2023. This figure represents a significant 15.11% decrease compared to the previous year's imports of US$2.98 billion.

Indonesia's trade record with Hong Kong shows an upward trend in imports over the past 10 years. The lowest import value was US$1.77 billion, while the highest reached US$3.23 billion.

Of the 97 products (two-digit HS codes) imported from Hong Kong, 48 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 86 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 Hong Kong. This list is ordered from highest to lowest transaction value.

1. Natural or cultured pearls, precious or semi-precious stones, precious metals, clad metals



Indonesia imported a significant amount of Natural or cultured pearls, precious or semi-precious stones, precious metals, and clad metals. In the Trademap classification, these fall under HS code 71. In 2023, Indonesia imported US$892.72 million worth of these products. This is lower than the previous period's US$1.09 billion.


2. Machinery, electrical equipment and parts



Indonesia's second largest import from Hong Kong was Machinery, electrical equipment and parts. The 2023 import value was US$541.08 million, lower than the previous year's US$576.73 million.


3. Iron and steel



In the Trademap classification, Iron and steel falls under HS code 72. Indonesia imported US$154.97 million worth of iron and steel from Hong Kong, representing the largest import from a single country. The other five major suppliers of iron and steel to Indonesia are China, Germany, Japan, Indonesia itself, and the Republic of Korea.


4. Knitted or crocheted fabrics



Hong Kong is currently Indonesia's largest supplier of Knitted or crocheted fabrics, with imports totaling US$154.38 million. Other major suppliers include China, Türkiye, the Republic of Korea, Taipei, China, and Afghanistan.


5. Plastics



Indonesia also imports a significant amount of Plastics from Hong Kong, valued at US$94.19 million. This is lower than the previous period's US$100.14 million. Trademap data shows that Indonesia imports plastics from four countries, with Hong Kong being the largest supplier. Other top five suppliers include China, the United States, Germany, the Republic of Korea, and Belgium.