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Indonesia recorded US$752.3 million in imports from Switzerland as of December 2023. This figure represents a 13.53% decrease compared to the previous year's imports, which totaled US$870.04 million.
Indonesia's trade record with Switzerland shows an upward trend in imports over the past 10 years. The lowest import value was US$628.23 million, while the highest reached US$876.22 million.
Of the 97 products (two-digit HS codes) imported from Switzerland, 48 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 73 main products from this country annually. This indicates a significant dependence on these imported products. Many of the other imported products are also commonly imported from other countries.
The following is a list of the top five products imported by Indonesia from Switzerland, ordered from highest to lowest transaction value:
1. **Natural or cultured pearls, precious or semi-precious stones, precious metals, clad metals**
Natural or cultured pearls, precious or semi-precious stones, precious metals, clad metals (HS code 71). Imports of this product from Switzerland ranked first, totaling US$159.16 million. This import value is lower than the previous period's US$297.36 million.
2. **Watches and clocks and parts thereof**
Watches and clocks and parts thereof, categorized under HS code 91 in Trademap. Indonesia imported US$110.77 million worth of these products from Switzerland.
3. **Nuclear reactors, boilers, machinery and mechanical appliances**
Indonesia also imported a significant amount of nuclear reactors, boilers, machinery and mechanical appliances from Switzerland, totaling US$108.61 million in 2023. This represents an increase compared to the previous period's US$70,387,000. Besides Switzerland, Indonesia also relies on imports of nuclear reactors, boilers, machinery and mechanical appliances from China, Germany, the United States, Japan, and Italy. In addition to these major countries, Indonesia imported this product from four other countries.
4. **Organic chemicals**
Indonesia imported a significant amount of organic chemicals from Switzerland, valued at US$52.03 million. This is lower than the previous period's US$63,744,000. Switzerland remains the largest importer of organic chemicals to Indonesia. The other five largest countries supplying Indonesia with organic chemicals are China, the United States, Ireland, and Belgium.
5. **Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus**
Imports of optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus from Switzerland are currently the largest. Indonesia imported US$51.06 million worth of these products from Switzerland. Other major suppliers of these products to Indonesia include the United States, Germany, China, the Netherlands, and Japan.
"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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