Singapore Becomes Indonesia's Largest Import Source in ASEAN

The Central Statistics Agency (BPS) recorded Indonesia's total import value during January-December 2021 at US$196.19 billion. This figure increased by US$54,621.2 million or 38.58% compared to the same period the previous year.

This increase was influenced by the rise in oil and gas imports by US$11,272.3 million (79.07%) and non-oil and gas imports by US$43,348.9 million (34.05%).

ASEAN was the second largest group of origin countries for Indonesia's imports during January-December 2021, amounting to US$39,951.4 million (20.36%). In terms of the ASEAN countries' contribution to Indonesia's imports, Singapore was the largest, reaching 38.68% of the total ASEAN imports.

Malaysia ranked second with a 23.66% contribution, followed by Thailand (22.89%), Vietnam (10.55%), and the Philippines (3.19%). Meanwhile, the contribution of imports from Myanmar, Brunei Darussalam, Cambodia, and Laos was each below 1%.

Singapore is one of Indonesia's largest trading partners. Indonesia has consistently experienced a trade deficit with Singapore since 2008. Indonesia's trade deficit with Singapore reached its lowest record of US$8.95 billion in 2012.

(Read More: 10 Provinces with the Largest Import Value, Jakarta in the Lead)