Indonesia Imports US$45.5 Million Worth of Ships from the Marshall Islands

Indonesia recorded imports from the Marshall Islands totaling US$51.96 million as of December 2020. This figure represents a 56% decrease compared to the previous year's imports, which reached US$118.09 million.

Indonesia's trade record with the Marshall Islands shows an upward trend in imports over the past 10 years. The lowest import value was US$2.19 million, while the highest reached US$118.09 million.

Of the 97 products (two-digit HS codes) imported from the Marshall Islands, 0.03 thousand products were worth more than one billion dollars. Most imported products from this location are also imported from other countries, totaling 0.02 thousand products.

The following is a list of the top five products imported by Indonesia from the Marshall Islands, ordered from highest to lowest transaction value:

1. Ships, boats, and floating structures

Ships, boats, and floating structures, classified under the Trademap HS code 89, are the top import from the Marshall Islands. Indonesia imported US$45,500 thousand. The import value of ships, boats, and floating structures is lower than the previous period, which reached US$104.19 million.

2. Fish and crustaceans, mollusks, and other aquatic invertebrates

Fish and crustaceans, mollusks, and other aquatic invertebrates (HS code 03). Indonesia imported US$4,232 thousand.

3. Man-made filaments

Indonesia also imported US$693 thousand worth of man-made filaments from the Marshall Islands. This represents an increase compared to the previous period, which recorded US$359 thousand. Trademap data shows Indonesia imports man-made filaments from 49 countries. Imports from the Marshall Islands rank 20th. The other five major suppliers of man-made filaments are China, Taipei, China, Korea, Republic of, Vietnam, and Japan.

4. Man-made staple fibers

Another imported product is man-made staple fibers, valued at US$309 thousand. This is lower than the previous period's US$368 thousand. Imports of man-made staple fibers from the Marshall Islands rank 27th. Besides the Marshall Islands, the largest importers of man-made staple fibers are China, Japan, the United States, Korea, Republic of, and Thailand. Indonesia also imports this product from 49 countries.

5. Other manufactured articles

Fifth is other manufactured articles (HS code 96). Indonesia imported US$260 thousand from the Marshall Islands. Trademap data shows Indonesia imports other manufactured articles from 62 countries. Imports from the Marshall Islands rank 21st. The other top five suppliers of this product to Indonesia are China, Japan, Hong Kong, China, Thailand, and Korea, Republic of.