These are the Products Most Imported by Indonesia from Taipei

Indonesia recorded imports from Taipei totaling US$4.35 billion as of December 2021. This figure represents a 19.99% increase compared to the previous year's imports, which were recorded at US$3.63 billion.

Indonesia's trade record with Taipei shows a significant decrease in imports over the past 10 years. The lowest import value was US$2.89 billion, while the highest reached US$4.69 billion.

Of the 97 products (two-digit HS codes) imported from Taipei, 40 products were worth over one billion dollars. Furthermore, according to Trademap data, two main products are imported annually from this country by Indonesia. This indicates a significant dependence on these imported products. The majority of other imported products (90 products) are also imported from other countries.

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

1. Electrical machinery and equipment and parts

Falling under HS code 85, Electrical machinery and equipment and parts are categorized together with Sound recorders and reproducers, television... Imports of this product from Taipei rank first. Indonesia imported US$1.5 billion worth. Imports of Electrical machinery and equipment and parts; Sound recorders and reproducers, television... increased compared to the previous period, which recorded US$1.42 billion.

2. Machinery, mechanical appliances, nuclear reactors, boilers

Second on the list, Indonesia's largest imports are Machinery, mechanical appliances, nuclear reactors, boilers. Imports from Taipei in 2021 totaled US$508.37 million. This figure is up from the previous period's US$493.06 million.

3. Plastics and articles thereof

This product is sourced from 104 countries. Imports of Plastics and articles thereof from Taipei rank eighth. In 2021, Indonesia recorded imports worth US$410.98 million. Five other countries that are major sources of Plastics and articles thereof imports are China, Thailand, Singapore, Republic of Korea, and Malaysia.

4. Iron and steel

Indonesia also imports a significant amount of Iron and steel from Taipei. Imports of this product totaled US$253.09 million. This amount increased compared to the previous period, which recorded US$202.79 million. Trademap data shows that Indonesia imports Iron and steel from 61 countries. Imports of Iron and steel from Taipei rank tenth. Other top five suppliers of this imported product to Indonesia are China, Japan, South Africa, India, and Republic of Korea.

5. Knitted or crocheted fabrics

This product is sourced from 63 countries. Imports of Knitted or crocheted fabrics from Taipei rank fifth. In 2021, Indonesia recorded imports of US$171.89 million. Besides Taipei, the largest imports of Knitted or crocheted fabrics come from China, Republic of Korea, Vietnam, and Hong Kong, China.