Indonesia's Top Imports from Sri Lanka in 2023

Indonesia recorded imports from Sri Lanka totaling US$43.11 million as of December 2023. This represents a significant 14.51% decrease compared to the previous year's imports of US$50.42 million.

Indonesia's trade record with Sri Lanka shows an upward trend in imports over the past 10 years. The lowest import value was US$26.63 million, while the highest reached US$53.35 million.

Of the 97 products (two-digit HS codes) imported from Sri Lanka, 42 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 50 main products annually from this country. This indicates a considerable dependence on these imported products. The remaining products are largely imported from other countries as well.

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

1. Knitted or crocheted fabrics

Indonesia imports a significant amount of knitted or crocheted fabrics. In the Trademap classification, knitted or crocheted fabrics fall under HS code 60. In 2023, Indonesia imported US$15.55 million worth of these fabrics. This represents an increase compared to the previous period's US$15,154 thousand.

2. 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. Indonesia imported US$4.15 million worth of these products from Sri Lanka.

3. Knitted or crocheted clothing and clothing accessories

This product is sourced primarily from Sri Lanka. Imports of knitted or crocheted clothing and clothing accessories from this country are the largest. In 2023, Indonesia imported US$3.32 million worth of these items. Five other countries that are major sources of knitted or crocheted clothing and clothing accessories are China, Vietnam, Germany, Italy, and Türkiye.

4. Non-knitted or crocheted clothing and clothing accessories

This product is sourced primarily from Sri Lanka. Imports of non-knitted or crocheted clothing and clothing accessories from this country are the largest. In 2023, Indonesia imported US$3.24 million worth of these items. Five other countries that are major sources of non-knitted or crocheted clothing and clothing accessories are China, Italy, Vietnam, Germany, and France.

5. Rubber

Indonesia also imports a significant amount of rubber from Sri Lanka. The value of these imports in 2023 was US$2.46 million, an increase compared to the previous period's US$2,029 thousand. Sri Lanka remains the largest source of rubber imports for Indonesia. Besides Sri Lanka, the five largest sources of Indonesia's rubber imports are China, Germany, Thailand, the United States, and Japan.