Main Products Imported by Indonesia from Hong Kong in 2023

Indonesia recorded imports with Hong Kong worth US$2.53 billion as of December 2023 data. This value decreased by 15.11% compared to the previous year's imports, which were recorded at US$2.98 billion.

Looking at Indonesia's trade track record with Hong Kong, imports over the last 10 years have been on an upward trend. Indonesia's lowest import value was US$1.77 billion, while the highest import value reached US$3.23 billion.

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Of the 97 products (two-digit HS code) imported from Hong Kong, 48 products were worth over one billion dollars. Additionally, according to Trademap data, there are 86 main products that Indonesia imports from this country every year. This indicates a significant dependence on these imported products. Furthermore, most of these products are also imported from other countries.

Here is a list of the five main products imported by Indonesia from Hong Kong. This order is arranged starting from the transactions with the highest value.

1. Natural or cultured pearls, precious or semi-precious stones, precious metals, metal-clad metals

Ranked first, Indonesia imports a large amount of natural or cultured pearls, precious or semi-precious stones, precious metals, metal-clad metals. In the Trademap classification, this product falls under HS code 71.

In 2023, Indonesia's imports of this product were recorded at US$892.72 million. This import value is lower than the previous period, which reached US$1.09 billion.

2. Electrical machinery and equipment and parts thereof

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Ranked second, Indonesia's largest import from Hong Kong is electrical machinery and equipment and parts thereof. The import value from Hong Kong in 2023 was recorded at US$541.08 million. This figure is lower than the previous period, which reached US$576.73 million.

3. Iron and steel

Indonesia recorded imports of this product from one country. Imports of iron and steel from this country are the largest. In 2023, Indonesia's imports were recorded at US$154.97 million. The other five countries that are sources of iron and steel imports are China, Germany, Japan, Indonesia, and the Republic of Korea.

4. Woven or knitted fabrics

Another imported product is woven or knitted fabrics worth US$154.38 million. This import value is lower than the previous period, which reached US$201.38 million. Trademap data shows that Indonesia's trade activity for importing woven or knitted fabrics involves 4 countries. Imports of woven or knitted fabrics from this country are the largest. The other five countries that are sources of woven or knitted fabric imports are China, Türkiye, the Republic of Korea, Taipei, China, and Afghanistan.

5. Plastics

Indonesia's imports of plastics from Hong Kong are currently the largest. From this country, Indonesia imports US$94.19 million. The other countries that are the main sources of plastic imports with the highest values are China, the United States, Germany, the Republic of Korea, and Belgium.