Indonesia Imports the Most Machinery from the Philippines

Indonesia recorded imports from the Philippines totaling US$592.01 million as of December 2020. This figure represents a drastic 27.97% decrease compared to the previous year's imports, which reached US$821.9 million.

Indonesia's trade record with the Philippines shows a significant decline in imports over the past 10 years. The lowest import value was US$592.01 million, while the highest reached US$958.43 million.

Of the 97 products (two-digit HS codes) imported from the Philippines, 0.03 thousand products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports one main product from this country annually. This indicates a significant dependence on these imported products. The majority of other products are also imported from other countries, totaling 0.08 thousand products.

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

1. Electrical machinery, equipment, and parts

Indonesia imports a significant amount of electrical machinery, equipment, and parts. In the Trademap classification, this falls under HS code 85. This product category is grouped with sound recorders and reproducers, televisions, etc. In 2020, Indonesia imported US$145.79 million worth of these goods. This represents an increase compared to the previous period, which recorded US$144.57 million.

2. Machinery, mechanical appliances, nuclear reactors, boilers

Second on the list is machinery, mechanical appliances, nuclear reactors, and boilers. Imports from the Philippines in 2020 totaled US$74,937,000. This is lower than the previous period, which reached US$159.64 million.

3. Copper and copper articles

Indonesia imports this product from 63 countries. Imports of copper and copper articles from the Philippines rank sixth. In 2020, Indonesia imported US$56,895,000. Besides the Philippines, the largest imports of copper and copper articles come from China, Japan, Thailand, Malaysia, and Myanmar.

4. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof

Indonesia also imports a significant amount of vehicles other than railway or tramway rolling-stock, and parts and accessories thereof from the Philippines. The value of these imports was US$50,485,000, lower than the previous period's US$69,096,000. Trademap data shows that Indonesia imports these products from 84 countries. Imports from the Philippines rank 15th. The other five major suppliers of these products are Japan, China, Thailand, India, and Brazil.

5. Vegetable oils and fats and their cleavage products

Falling under HS code 15, vegetable oils and fats and their cleavage products are categorized together with edible fats and animal... Indonesia imported US$39,554,000 worth of these products from the Philippines. Trademap data shows that Indonesia imports these products from 50 countries. Imports from the Philippines rank second. The other top five suppliers are Malaysia, Singapore, China, and Thailand.