Indonesia recorded imports from Malaysia totaling US$6.93 billion as of December 2020. This figure represents a significant 10.83% decrease compared to the previous year's imports, which reached US$7.78 billion.
Indonesia's trade record with Malaysia shows a considerable reduction in imports over the past 10 years. The lowest import value was US$6.93 billion, while the highest reached US$13.32 billion.
Of the 97 products (two-digit HS codes) imported from Malaysia, 40 products were worth more than one billion dollars. Furthermore, according to Trademap data, five main products are imported annually from Malaysia. This indicates a considerable dependence on these imported products. The majority of other imported products (90 products) are also imported from other countries.
Below is a list of the five main products imported by Indonesia from Malaysia, ordered from highest to lowest transaction value.
1. Mineral fuels, mineral oils and products of their distillation
Indonesia imports a significant amount of mineral fuels, mineral oils, and products of their distillation. In the Trademap classification, these fall under HS code 27. This product category is grouped together with bituminous substances and mineral waxes. In 2020, Indonesia imported US$2.23 billion worth of these products, an increase compared to the previous period's US$2.08 billion.
2. Machinery, mechanical appliances, nuclear reactors, boilers
Falling under HS code 84, this category includes machinery, mechanical appliances, nuclear reactors, boilers, and parts thereof. Indonesia imported US$809.93 million worth of these products from Malaysia.
3. Electrical machinery and equipment and parts thereof
Ranked third, this category (HS code 85) includes electrical machinery, equipment, and parts thereof, as well as sound recorders and reproducers, and television receivers. Indonesia imported US$665.92 million worth, an increase compared to the previous period's US$558.72 million. Imports of electrical machinery and equipment and parts thereof from Malaysia rank eighth. The largest imports of this product originate from China, Singapore, Taiwan, Japan, and South Korea. Indonesia also imports this product from 134 countries.
4. Plastics and articles thereof
This category (HS code 39) accounts for US$610.48 million in imports from Malaysia. Imports of plastics and articles thereof from Malaysia rank fifth. The largest imports of this product originate from China, Singapore, Thailand, and South Korea. Indonesia also imports this product from 105 countries.
5. Organic chemicals
This product is sourced from 75 countries. Imports of organic chemicals from Malaysia rank fourth. In 2020, Indonesia imported US$442.12 million worth. The largest imports of this product originate from China, Singapore, India, and Thailand.