Indonesia's Imports of Machinery from Luxembourg Increase to US$8,419,000

Indonesia recorded imports from Luxembourg totaling US$16.99 million as of December 2020. This figure represents a 14.18% increase compared to the previous year's imports of US$14.88 million.

Indonesia's trade record with Luxembourg shows an upward trend in imports over the past 10 years. The lowest import value was US$6.31 million, while the highest reached US$38.77 million.

Of the 97 products (two-digit HS codes) imported from Luxembourg, 0.03 thousand products were worth more than one billion dollars. Most imported products from Luxembourg are also imported from other countries, totaling 0.04 thousand products.

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

1. Machinery, mechanical appliances, nuclear reactors, boilers

Indonesia imported a significant amount of Machinery, mechanical appliances, nuclear reactors, boilers. In the tradmap classification, these fall under HS code 84. This product category is grouped together with its parts. In 2020, Indonesia imported US$8,419 thousand worth of these goods. This represents an increase compared to the previous period's US$6,657 thousand.

2. Iron and steel

Second, Indonesia's largest imports were Iron and steel products. Imports from Luxembourg in 2020 totaled US$3,678 thousand, lower than the previous period's US$4,763 thousand.

3. Articles of iron or steel

Third is Articles of iron or steel (HS code 73). Indonesia imported US$2,192 thousand worth of these from Luxembourg. These imports from Luxembourg ranked 33rd. The largest imports of Articles of iron or steel came from China, Japan, Korea, Republic of, Singapore, and Germany. Indonesia also imported this product from 96 other countries.

4. Wadding, felt and nonwovens

This product was sourced from 63 countries. Imports of Wadding, felt and nonwovens from Luxembourg ranked 16th. In 2020, Indonesia imported US$1,304 thousand. Besides Luxembourg, the largest importers of Wadding, felt and nonwovens were China, Thailand, Korea, Republic of, Vietnam, and Hong Kong, China.

5. Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus

This product was sourced from 116 countries. Imports of Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus from Luxembourg ranked 53rd. In 2020, Indonesia imported US$405 thousand. The five other largest sources for these imports were China, the United States, Japan, Singapore, and Germany.