Indonesia's machinery imports from Taipei fall to US$1.41 million.

Indonesia recorded imports from Taipei totaling US$4.45 billion as of December 2022. This figure represents a 2.38% increase compared to the previous year's imports, which were recorded at US$4.35 billion.

Indonesia's trade record with Taipei shows an upward trend in imports over the past 10 years. The lowest import value was US$2.89 billion, while the highest reached US$4.48 billion.

Of the 97 products (two-digit HS codes) imported from Taipei, 44 products were worth more than one billion dollars. Furthermore, according to Trademap data, two main products are imported annually from this country by Indonesia. This indicates a significant dependence on these imported products. The majority of the remaining products (88 products) are also imported from other countries.

The following is a list of the top five products imported by Indonesia from Taipei, 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 together with sound recorders and reproducers, television, etc. In 2022, Indonesia imported US$1.41 billion worth of these goods. This is lower than the previous period, which reached US$1.5 billion.

2. Nuclear reactors, boilers, machinery and mechanical appliances.

Second on the list is Nuclear reactors, boilers, machinery and mechanical appliances. Imports from Taipei in 2022 totaled US$493,491 thousand. This is lower than the previous period, which reached US$508,371 thousand.

3. Plastics and articles thereof.

Third, Indonesia imports a significant amount of Plastics and articles thereof from Taipei. Imports of this product totaled US$422,518 thousand. This is higher than the previous period, which was recorded at US$410,975 thousand. Indonesia imports this product from 118 countries. Imports of Plastics and articles thereof from Taipei rank ninth. The other five main countries of origin for these imports are China, Mali, Thailand, Singapore, and the Republic of Korea.

4. Iron and steel.

This product is sourced from 66 countries. Imports of Iron and steel from Taipei rank 13th. In 2022, Indonesia imported US$297,752 thousand. Besides Taipei, the largest imports of Iron and steel come from Mali, China, Japan, South Africa, and Oman.

5. Knitted or crocheted fabrics.

Finally, Indonesia imports a significant amount of Knitted or crocheted fabrics from Taipei. Imports of this product totaled US$212,597 thousand. This is higher than the previous period, which was recorded at US$171,889 thousand. Besides Taipei, Indonesia also relies on imports of Knitted or crocheted fabrics from China, Mali, the Republic of Korea, and Vietnam. In addition to these main countries, Indonesia imports this product from 61 other countries.