Indonesia recorded US$67.72 billion in imports from China as of December 2022. This figure represents a 20.48% increase compared to the previous year's imports, which totaled US$56.21 billion.
Indonesia's trade record with China shows a continuous surge in imports over the past 10 years. 2022 marked a historical record with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from China, 86 products were valued at over one billion dollars. Furthermore, according to Trademap data, Indonesia imports 61 key products from China annually. This indicates a significant dependence on these imported products. Additionally, a substantial number of imported products, 36 to be exact, are also imported from other countries.
The following is a list of the top five products imported by Indonesia from China. This list is ordered from highest to lowest transaction value.
1. Nuclear reactors, boilers, machinery and mechanical appliances
Falling under HS code 84, nuclear reactors, boilers, machinery and mechanical appliances are a group of imported goods categorized together with their parts. Imports of this product from China ranked first. Indonesia imported US$16.16 billion worth of these goods from China. This represents an increase compared to the previous period, which recorded US$12.57 billion.
2. Electrical machinery and equipment and parts thereof
Falling under HS code 85, electrical machinery and equipment and parts thereof are a group of imported goods categorized together with sound recorders and reproducers, and television. Indonesia imported US$14.47 billion worth of these goods.
3. Iron and steel
Indonesia imported this product from 66 countries. Imports of iron and steel from China ranked second. In 2022, Indonesia recorded imports totaling US$3.25 billion. Other countries among the top five suppliers of this imported product to Indonesia are Mali, Japan, South Africa, and Oman.
4. Plastics and articles thereof
Another imported product is plastics and articles thereof, valued at US$2.94 billion. Imports of this product increased compared to the previous period, which recorded US$2.33 billion. Trademap data shows that Indonesia imports plastics and articles thereof from 113 countries. Imports of plastics and articles thereof from China ranked second. Other countries among the top five suppliers of this imported product to Indonesia are Mali, Thailand, Singapore, and the Republic of Korea.
5. Organic chemicals
This product was sourced from 69 countries. Imports of organic chemicals from China ranked second. In 2022, Indonesia recorded imports totaling US$2.61 billion. Besides China, the largest imports of organic chemicals came from Mali, Singapore, Malaysia, and India.