These are the Products Indonesia Imports Most from Vietnam

Indonesia recorded imports from Vietnam totaling US$4.82 billion as of December 2022. This figure represents a 14.36% increase compared to the previous year's imports, which were recorded at US$4.21 billion.

Indonesia's trade record with Vietnam shows an upward trend in imports over the past 10 years. 2022 marked a historical record with the highest import value ever recorded.

Of the 97 products (two-digit HS codes) imported from Vietnam, 54 products were worth more than one billion dollars. Furthermore, according to Trademap data, two main products imported by Indonesia annually originate from this country. This indicates a significant dependence on these imported products. The majority of the remaining products (89) are also imported from other countries.

The following is a list of the top five products imported by Indonesia from Vietnam. This list is ordered from highest to lowest transaction value.

1. Electrical machinery, equipment, and parts

Indonesia imported a significant amount of Electrical machinery, equipment, and parts. In the Trademap classification, Electrical machinery, equipment, and parts fall under HS code 85. This product category is grouped together with sound recorders and reproducers, televisions, etc. In 2022, Indonesia imported US$782,947 thousand. This import value is lower than the previous period, which reached US$808,638 thousand.

2. Plastics and articles thereof

Second on the list is Plastics and articles thereof. Imports from Vietnam in 2022 totaled US$584,563 thousand. This figure is higher than the previous period's US$448,192 thousand.

3. Iron and steel

This product is sourced from 66 countries. Imports of Iron and steel from Vietnam rank ninth. In 2022, Indonesia imported US$509,461 thousand. Besides Vietnam, the largest imports of Iron and steel originate from Mali, China, Japan, South Africa, and Oman.

4. Nuclear reactors, boilers, machinery, and mechanical equipment

Indonesia imports this product from 156 countries. Imports of Nuclear reactors, boilers, machinery, and mechanical equipment from Vietnam rank thirteenth. In 2022, Indonesia imported US$331,418 thousand. Besides Vietnam, the largest imports of Nuclear reactors, boilers, machinery, and mechanical equipment originate from Mali, China, Japan, Thailand, and the United States.

5. Footwear, headgear, and the like

Fifth on the list is Footwear, headgear, and the like, with Indonesia importing US$269,409 thousand from Vietnam. The import value of this product increased compared to the previous period, which was recorded at US$175,719 thousand. Trademap data shows that Indonesia imports Footwear, headgear, and the like from 62 countries. Imports of Footwear, headgear, and the like from Vietnam rank third. Other top five suppliers of this imported product to Indonesia are Mali, China, the United States, and Italy.