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Indonesia recorded US$1.85 billion in self-owned imports as of December 2023. This figure represents a 34.33% increase compared to the previous year's imports of US$1.38 billion.
Indonesia's self-owned trade record shows a continuous surge in imports over the past 10 years. 2023 marks a historical record with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from self-owned sources, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 22 main products annually from this source. This indicates a significant dependence on these imported products. The remaining products are largely imported from other countries as well.
The following is a list of the top five products imported by Indonesia from self-owned sources. This list is ordered from highest to lowest transaction value.
- Iron and Steel
- Mineral fuels, mineral oils and products of their distillation
- Organic chemicals
- Salt
- Aluminum
Indonesia imported a significant amount of iron and steel, categorized under HS code 72 in the Trademap classification. In 2023, Indonesia imported US$1.04 billion worth of iron and steel. This is lower than the previous period's US$1.16 billion.
Falling under HS code 27, mineral fuels, mineral oils and products of their distillation are grouped with bituminous substances and mineral waxes. Indonesia imported US$547.59 million.
Imports of organic chemicals from self-owned sources are currently the largest. Indonesia imported US$181.53 million worth of these chemicals. Other major sources of organic chemical imports include China, the United States, Ireland, Switzerland, and Belgium.
Fourth on the list is salt, with Indonesia importing US$34.41 million from self-owned sources. This represents an increase compared to the previous period's US$32,561,000. Besides self-owned sources, Indonesia also imports salt from China, Turkey, the United States, Germany, and India. In addition to these major countries, Indonesia imported this product from four other countries.
Fifth on the list is aluminum, with Indonesia importing US$18.71 million from self-owned sources. This is an increase compared to the previous period's US$13,279,000. Self-owned sources remain the largest source of aluminum imports. The five other largest sources of aluminum imports for Indonesia are China, Germany, the United States, Canada, and Italy.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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