Indonesia Imported US$1.16 Billion Worth of Mineral Fuels from the United States

Indonesia recorded US$8.64 billion in imports from the United States as of December 2020. This figure represents a significant 7.27% decrease compared to the previous year's imports of US$9.32 billion.

Indonesia's trade record with the United States shows a drastic reduction in imports over the past 10 years. The lowest import value reached US$7.32 billion, while the highest reached US$11.61 billion.

Of the 97 products (two-digit HS codes) imported from the United States, 80 products were worth over one billion dollars. Furthermore, according to Trademap data, five main products are imported annually from the US. This indicates a considerable dependence on these imported products. The majority of other imported products (90 products) are also imported from other countries.

Below is a list of the five main products imported by Indonesia from the United States, ordered from highest to lowest transaction value.

1. Mineral fuels, mineral oils and products of their distillation

Indonesia imports a significant amount of mineral fuels, mineral oils, and products of their distillation. In the Trademap classification, these fall under HS code 27. This product category is grouped with bituminous substances and mineral waxes. In 2020, Indonesia imported US$1.16 billion worth of these products, slightly lower than the previous period's US$1.18 billion.

2. Machinery, mechanical appliances, nuclear reactors, boilers

Second on the list is machinery, mechanical appliances, nuclear reactors, and boilers. Imports from the United States in 2020 totaled US$1.03 billion, lower than the previous year's US$1.17 billion.

3. Oil seeds and oleaginous fruits

Imports of oil seeds and oleaginous fruits from the United States are currently among the largest. Indonesia imported US$912.71 million worth of these products. Other major suppliers of oil seeds and oleaginous fruits to Indonesia include India, Canada, China, and Sudan.

4. Residues and waste from the food industry

Imports of residues and waste from the food industry amounted to US$553.49 million, an increase compared to the previous period's US$524.2 million. Indonesia imports these products from 56 countries. Imports from the United States rank third. Other top five suppliers include Brazil, Argentina, China, and Thailand.

5. Cereals

Indonesia imported US$378.12 million worth of cereals (Trademap HS code 10), slightly lower than the previous period's US$378.49 million. Indonesia imports cereals from 26 countries. The United States ranks fourth among the top suppliers, with other major suppliers including Argentina, Ukraine, Canada, and Thailand.