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Indonesia recorded imports from Italy worth US$ 1.89 billion as of December 2023. This value increased by 27.23% compared to the previous year's imports, which were recorded at US$ 1.49 billion.
Looking at Indonesia's trade history with Italy, imports have been on an upward trend over the past 10 years. 2023 marked a historic record with the highest import value to date.
(Read: These Are the Products Mostly Imported by Indonesia from Bhutan in 2023)
Out of the 97 products (two-digit HS code) imported from Italy, 71 products were worth over one billion dollars. Additionally, according to Trademap data, there are 91 main products that Indonesia imports from this country every year. This indicates a significant dependence on these imported products. Moreover, most of these products are also widely imported from other countries.
Below is a list of the top five products imported by Indonesia from Italy, ordered from the highest transaction value to the lowest.
- Nuclear reactors, boilers, machinery and mechanical appliances
- Iron or steel
- Electrical machinery and equipment and parts
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus
- Leather
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 Italy rank first. Indonesia imported US$ 871.57 million worth of these products. The import value of nuclear reactors, boilers, machinery and mechanical appliances; parts increased compared to the previous period, which was recorded at US$ 478.33 million.
Iron or steel with HS code 73. Indonesia imported US$ 128.94 million worth of these products.
This product was obtained by importing from one country. Imports of electrical machinery and equipment and parts from this country are the largest. In 2023, Indonesia recorded imports worth US$ 102.79 million. Other countries in the top five suppliers of this imported product to Indonesia are China, Hong Kong, China, Taipei, China, the United States and Germany.
(Read: Indonesia Mostly Imports Natural or Cultured Pearls from Switzerland in 2023)
Another product that Indonesia imported a significant amount of from Italy in 2023 is optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus, worth US$ 72.02 million. This amount increased compared to the previous period, which was recorded at US$ 57,284 thousand. Trademap data shows that Indonesia trades optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus with 4 countries. Imports of this product from this country are the largest. Other countries in the top five suppliers of this imported product to Indonesia are the United States, Germany, China, the Netherlands and Japan.
Another imported product is leather, worth US$ 61.83 million. The import value of this product increased compared to the previous period, which was recorded at US$ 60,616 thousand. Besides Italy, Indonesia also relies on leather imports from China, France, Vietnam and Germany. In addition to these main countries, Indonesia recorded imports of this product from 4 other countries.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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