Indonesia Imported a US$3.53 Billion Nuclear Reactor from Japan in 2023
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Indonesia recorded US$16.52 billion in imports from Japan as of December 2023. This figure represents a 3.84% decrease compared to the previous year's imports of US$17.18 billion.
Over the past 10 years, Indonesia's trade record with Japan shows an upward trend in imports. The lowest import value was US$10.67 billion, while the highest reached US$17.98 billion.
Of the 97 products (two-digit HS codes) imported from Japan, 52 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 96 main products from Japan annually. This indicates a significant dependence on these imported products. Many of these products are also imported from other countries.
The following is a list of the top five products Indonesia imported from Japan, ordered from highest to lowest transaction value:
- Nuclear reactors, boilers, machinery and mechanical appliances
- Vehicles other than railway or tramway rolling-stock, and parts and accessories
- Iron and steel
- Electrical machinery and equipment and parts
- Commodities not specified elsewhere
Falling under HS code 84, nuclear reactors, boilers, machinery and mechanical appliances are a group of imported goods categorized together with parts. Imports of this product from Japan ranked first, with Indonesia importing US$3.53 billion worth. This represents an increase compared to the previous period's US$3.49 billion.
In the Trademap classification, vehicles other than railway or tramway rolling-stock, and parts and accessories fall under HS code 87. Indonesia imported US$2.68 billion worth of these products.
Imports of iron and steel from Japan are currently the largest. Indonesia imported US$2.4 billion worth from Japan. Other major sources of iron and steel imports include China, Germany, Indonesia, and the Republic of Korea.
Indonesia also imports a significant amount of electrical machinery and equipment and parts from Japan, valued at US$1.48 billion. This represents an increase compared to the previous period's US$1.42 billion. Indonesia imports this product primarily from Japan. The five other major sources of electrical machinery and equipment and parts are China, Hong Kong, China, Taipei, China, the United States, and Germany.
Imports of commodities not specified elsewhere from Japan are the largest. In 2023, Indonesia imported US$821.8 million worth. The five other major sources of these commodities are the United States, China, Germany, and Singapore.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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