Indonesia recorded imports from the United Kingdom totaling US$959.03 million as of December 2020. This figure represents a significant 8.55% decrease compared to the previous year's imports, which were recorded at US$1.05 billion.
Indonesia's trade record with the United Kingdom shows a considerable decline in imports over the past 10 years. The lowest recorded import value was US$818.9 million, while the highest reached US$1.37 billion.
Of the 97 products (two-digit HS codes) imported from the United Kingdom, 50 products were worth more than one billion dollars. Most imported products from the UK are also imported from other countries, totaling 90 products.
The following is a list of the top five products imported by Indonesia from the United Kingdom, ordered from highest to lowest transaction value:
1. Machinery, mechanical appliances, nuclear reactors, boilers (HS Code 84)
This category includes machinery, mechanical appliances, nuclear reactors, boilers, and their parts. Imports of these products from the UK ranked first, totaling US$250.93 million. This represents an increase compared to the previous period's US$199.5 million.
2. Electrical machinery and equipment and parts thereof
Indonesia's second-largest import from the UK was electrical machinery and equipment and parts thereof, totaling US$136.42 million in 2020. This figure shows an increase compared to the previous period's US$133.91 million.
3. Pharmaceutical products
Indonesia imports pharmaceutical products from 70 countries. Imports from the UK ranked fifth. In 2020, Indonesia imported US$80,275,000 worth of pharmaceutical products. The largest importers of pharmaceutical products to Indonesia are the United States, China, Germany, and India.
4. Iron and steel
This product is sourced from 69 countries. Imports from the UK ranked 18th. In 2020, Indonesia imported US$55,135,000 worth of iron and steel. Other top five suppliers of this product to Indonesia include China, Japan, South Korea, South Africa, and India.
5. Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus
Other imports include optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus, totaling US$50,887,000. This represents an increase compared to the previous period's US$45,578,000. Besides the UK, Indonesia also imports these products from China, the United States, Japan, Singapore, and Germany. In addition to these major countries, Indonesia imported these products from 111 other countries.