These are the Products Indonesia Imports Most from Korea

Indonesia recorded imports from Korea totaling US$9.43 billion as of December 2021. This figure represents a 37.64% increase compared to the previous year's imports of US$6.85 billion.

Indonesia's trade record with Korea shows a significant decrease in imports over the past 10 years. The lowest import value was US$6.67 billion, while the highest reached US$11.97 billion.

Of the 97 products (two-digit HS codes) imported from Korea, 50 products were worth over one billion dollars. Furthermore, according to Trademap data, three main products are imported annually from Korea. This indicates a significant 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 top five products imported by Indonesia from Korea, ordered from highest to lowest transaction value.

1. Electrical machinery, equipment, and parts

Indonesia imports a significant amount of electrical machinery, equipment, and parts. In the Trademap classification, this falls under HS code 85. This product category is grouped with sound recorders and reproducers, and television receivers. In 2021, Indonesia imported US$1.18 billion worth of these goods. This represents an increase compared to the previous period's US$900.78 million.

2. Machinery, mechanical appliances, nuclear reactors, boilers

Falling under HS code 84, machinery, mechanical appliances, nuclear reactors, boilers are grouped with their parts. Indonesia imported US$1.07 billion worth of these products.

3. Iron and steel

Indonesia imported this product from 66 countries. Imports of iron and steel from Korea ranked fifth. In 2021, Indonesia imported US$1.02 billion worth of iron and steel. Besides Korea, the largest imports of iron and steel originated from China, Japan, South Africa, and India.

4. Plastics and articles thereof

Indonesia also imported US$1.01 billion worth of plastics and articles thereof from Korea. This represents an increase compared to the previous period's US$642.86 million. Besides Korea, Indonesia also relies on imports of plastics and articles thereof from China, Thailand, Singapore, and Malaysia. In addition to these main countries, Indonesia imported this product from 99 other countries.

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

Another imported product is mineral fuels, mineral oils, and products of their distillation, totaling US$597.86 million. This represents an increase compared to the previous period's US$431.93 million. Trademap data shows that Indonesia imports mineral fuels, mineral oils, and products of their distillation from 72 countries. Imports from Korea ranked ninth. The five other main countries supplying these products are Singapore, Malaysia, Saudi Arabia, the United States, and Nigeria.