These are the Products Most Imported by Indonesia from Singapore

Indonesia recorded US$12.34 billion in imports from Singapore as of December 2020. This figure represents a 29.84% decrease compared to the previous year's imports of US$17.59 billion.

Indonesia's trade record with Singapore shows a significant decline in imports over the past 10 years. The lowest import value was US$12.34 billion, while the highest reached US$26.09 billion.

Of the 97 products (two-digit HS codes) imported from Singapore, 0.04 thousand products were worth more than one billion dollars. Furthermore, according to Trademap data, two main products are imported annually from Singapore. This indicates a significant dependence on these imported products. The majority of other imported products (0.1 thousand) are also imported from other countries.

The following is a list of the top five products imported by Indonesia from Singapore, 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 together with bituminous substances and mineral waxes. In 2020, Indonesia imported US$4.31 billion worth of these products, a decrease from the previous period's US$8.22 billion.

2. Electrical machinery and equipment and parts thereof

The second largest import from Singapore was electrical machinery and equipment and parts thereof, totaling US$1.78 billion in 2020. This is lower than the previous period's US$1.99 billion.

3. Machinery, mechanical appliances, nuclear reactors, boilers

Imports of machinery, mechanical appliances, nuclear reactors, and boilers amounted to US$1.29 billion. This represents an increase compared to the previous period's US$1.24 billion. Trademap data shows that Indonesia imports these products from 150 countries. Singapore ranks third among Indonesia's suppliers for this product category. Other top five suppliers include China, Japan, Germany, and Thailand.

4. Plastics and articles thereof

Indonesia imports plastics and articles thereof from 110 countries. Singapore is the second largest supplier of this product category. In 2020, Indonesia imported US$1.02 billion worth of these products. The other top five suppliers are China, Thailand, South Korea, and Malaysia.

5. Organic chemicals

Indonesia imports organic chemicals from 75 countries. Singapore is the second largest supplier. In 2020, Indonesia imported US$659.33 million worth of these products. Besides Singapore, the largest importers of organic chemicals are China, India, Malaysia, and Thailand.