Indonesia Imports US$45.5 Billion Worth of Ships from the Marshall Islands

Indonesia recorded imports from the Marshall Islands totaling US$51.96 million as of December 2020. This figure represents a 56% decrease compared to the previous year's imports, which reached US$118.09 million.

Indonesia's trade record with the Marshall Islands shows an upward trend in imports over the past 10 years. The lowest import value was US$2.19 million, while the highest reached US$118.09 million.

Of the 97 products (two-digit HS codes) imported from the Marshall Islands, 0.03 thousand products were worth more than one billion dollars. Most imported products from this location are also imported from other countries, totaling 0.02 thousand products.

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

1. Ships, boats, and floating structures

Indonesia imported a significant amount of Ships, boats, and floating structures. In the tradmap classification, Ships, boats, and floating structures fall under HS code 89. In 2020, Indonesia imported US$45,500 thousand. This import value is lower than the previous period, which reached US$104.19 million.

2. Fish and crustaceans, molluscs and other aquatic invertebrates

Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03). Indonesia imported US$4,232 thousand from this country.

3. Man-made filaments

Falling under HS code 54, Man-made filaments are a group of imported goods categorized together with strips and similar man-made textile materials. Indonesia imported US$693 thousand. Besides the Marshall Islands, Indonesia also relies on imports of Man-made filaments from China, Taipei, China, Korea, Republic of, Vietnam, and Japan. In addition to these main countries, Indonesia imported this product from 49 other countries.

4. Man-made staple fibers

Indonesia imported this product from 54 countries. Imports of Man-made staple fibers from the Marshall Islands ranked 27th. In 2020, Indonesia recorded imports worth US$309 thousand. Besides the Marshall Islands, the largest imports of Man-made staple fibers came from China, Japan, the United States, Korea, Republic of, and Thailand.

5. Other manufactured articles

Other manufactured articles (HS code 96). Indonesia imported US$260 thousand. This product was sourced from 67 countries. Imports of Other manufactured articles from the Marshall Islands ranked 21st. Other top five suppliers of this imported product to Indonesia include China, Japan, Hong Kong, China, Thailand, and Korea, Republic of.