Indonesia Imported US$1.63 Billion Worth of Vehicles (excluding railway and tram equipment) from Thailand in 2023
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Indonesia recorded US$10.25 billion in imports from Thailand as of December 2023. This figure represents a significant 6.7% decrease compared to the previous year's imports of US$10.99 billion.
Over the past 10 years, Indonesia's trade record with Thailand shows an upward trend in imports. The lowest import value was US$6.48 billion, while the highest reached US$10.99 billion.
Of the 97 products (two-digit HS codes) imported from Thailand, 50 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 91 main products from Thailand annually. This indicates a considerable dependence on these imported products. Many of these products are also imported from other countries.
The following are the top five products imported by Indonesia from Thailand, listed in descending order of value:
- Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
- Nuclear reactors, boilers, machinery and mechanical appliances
- Sugar and sugar confectionery
- Plastics
- Electrical machinery and equipment and parts thereof
Classified under HS code 87 in Trademap, imports of Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof ranked first. Indonesia imported US$1.63 billion worth of these products from Thailand. This is lower than the previous period's US$1.72 billion.
Falling under HS code 84, Nuclear reactors, boilers, machinery and mechanical appliances are a group of imported goods categorized together with parts. Indonesia imported US$1.5 billion worth.
Imports of Sugar and sugar confectionery from Thailand are currently the largest. Indonesia imported US$1.29 billion from Thailand. Other major suppliers of Sugar and sugar confectionery include Brazil, India, Germany, and Afghanistan.
Indonesia also imported a significant amount of Plastics from Thailand. Imports totaled US$1.04 billion in 2023, down from US$1.42 billion in the previous period. Thailand is the largest supplier of this product. Other top five suppliers include China, the United States, Germany, South Korea, and Belgium.
Indonesia also imported US$880.46 million worth of Electrical machinery and equipment and parts thereof from Thailand. This represents an increase compared to the previous period's US$867.01 million. Thailand remains the largest supplier of Electrical machinery and equipment and parts thereof to Indonesia. Other top five suppliers include China, Hong Kong, Taiwan, the United States, and Germany.
"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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