These are the Products Indonesia Imports Most from Singapore

Indonesia recorded imports from Singapore totaling US$12.34 billion as of December 2020. This represents a 29.84% decrease compared to the previous year's imports, which were recorded at US$17.59 billion.

Indonesia's trade record with Singapore shows a drastic reduction in imports over the past 10 years. The lowest import value from Singapore was US$12.34 billion, while the highest reached US$26.09 billion.

Of the 97 products (two-digit HS codes) imported from Singapore, 0.04 thousand products were worth more than one billion dollars. Furthermore, according to Trademap data, two main products are imported annually from Singapore. This indicates a significant dependence on these imported products. The majority of other imported products (0.1 thousand) are also imported from other countries.

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

1. Mineral fuels, mineral oils and products of their distillation

Included in HS code 27, mineral fuels, mineral oils and products of their distillation are a group of imported goods categorized together with bitumen and mineral substances. Imports of this product from Singapore ranked first. Indonesia imported US$4.31 billion worth of these products from Singapore. This is lower than the previous period, which reached US$8.22 billion.

2. Electrical machinery and equipment and parts thereof

Second, Indonesia's largest imports were electrical machinery and equipment and parts thereof. Imports from Singapore in 2020 totaled US$1.78 billion. This is lower than the previous period, which reached US$1.99 billion.

3. Machinery, mechanical appliances, nuclear reactors, boilers

Other imports included machinery, mechanical appliances, nuclear reactors, and boilers, totaling US$1.29 billion. Imports of this product increased compared to the previous period, which was recorded at US$1.24 billion. Besides Singapore, Indonesia also relies on imports of machinery, mechanical appliances, nuclear reactors, and boilers from China, Japan, Germany, and Thailand. In addition to these main countries, Indonesia imported this product from 150 other countries.

4. Plastics and articles thereof

Indonesia imported this product from 110 countries. Imports of plastics and articles thereof from Singapore ranked second. In 2020, Indonesia recorded imports worth US$1.02 billion. Other countries among the top five suppliers of this imported product to Indonesia are China, Thailand, South Korea, and Malaysia.

5. Organic chemicals

Indonesia imported this product from 75 countries. Imports of organic chemicals from Singapore ranked second. In 2020, Indonesia recorded imports totaling US$659.33 million. Besides Singapore, the largest imports of organic chemicals came from China, India, Malaysia, and Thailand.