Indonesia recorded imports from Portugal totaling US$65.82 million as of December 2020. This figure represents a 45.51% increase compared to the previous year's imports, which were recorded at US$45.24 million.
Indonesia's trade record with Portugal shows an upward trend in imports over the past 10 years. 2020 marked a historical record with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from Portugal, 0.04 thousand products were worth more than one billion dollars. Most imported products from Portugal are also imported from other countries, totaling 0.06 thousand products.
The following is a list of the top five products imported by Indonesia from Portugal, ordered from highest to lowest transaction value:
1. Organic chemicals
Organic chemicals, classified under the HS code 29 in Trademap, were the top import from Portugal. Indonesia imported US$26,589 thousand worth of these products from Portugal. This represents an increase compared to the previous period, which recorded US$9 thousand.
2. Machinery, mechanical appliances, nuclear reactors, boilers
Second, Indonesia's largest imports were machinery, mechanical appliances, nuclear reactors, and boilers. Imports from Portugal in 2020 totaled US$9,324 thousand. This figure is lower than the previous period, which reached US$10,836 thousand.
3. Electrical machinery and equipment and parts thereof
Imports of electrical machinery and equipment and parts thereof from Portugal ranked 36th. In 2020, Indonesia recorded imports of US$6,960 thousand. Besides Portugal, the largest imports of electrical machinery and equipment and parts thereof came from China, Singapore, Taipei, China, Japan, and the Republic of Korea.
4. Ships, boats, and floating structures
Indonesia also imported a significant amount of ships, boats, and floating structures from Portugal. Imports of this product in 2020 amounted to US$6,550 thousand. This is an increase compared to the previous period, which recorded US$5,000 thousand. Besides Portugal, Indonesia also relies on imports of ships, boats, and floating structures from Japan, the Republic of Korea, China, Singapore, and Malaysia. In addition to these main countries, Indonesia imported this product from 35 other countries.
5. Articles of apparel and clothing accessories, knitted or crocheted
Furthermore, Indonesia also imported a significant amount of articles of apparel and clothing accessories, knitted or crocheted, from Portugal. Imports of this product in 2020 amounted to US$3,945 thousand. This is lower than the previous period, which reached US$7,804 thousand. Besides Portugal, Indonesia also relies on imports of articles of apparel and clothing accessories, knitted or crocheted, from China, Bangladesh, Vietnam, Singapore, and Turkey. In addition to these main countries, Indonesia imported this product from 89 other countries.