How does Australia Imports from Indonesia: Trade Business Opportunities

Key Highlights

• Indonesia exports a wide range of products to Australia, including machinery, nuclear reactors, boilers, electronic equipment, mineral fuels, distillation products and fertilizers.

• As per Australia import data, Australia's biggest import from Indonesia is Machinery or nuclear reactors with an export value of $1.23 billion.

• Indonesia is Australia's fourteenth largest trading partner and a growing market for Australian goods and services, with a total two-way trade in goods and services of A$18.35 billion in 2021–2022.

• The top exporters and importers in Indonesia are  Afmeh Pty Ltd, Aurum Advantage Ltd, Banksia Scientific Company, Charters Footwear Pty Ltd, and Dalya Australia Pty Ltd. 

Did you know? Australia and Indonesia share a strong trade relationship, with Indonesia being one of Australia's key import partners. Over the years, Indonesia has emerged as a significant supplier of essential goods to Australia, ranging from raw materials to consumer products. 

With a total two-way trade in goods and services of A$18.35 billion in 2021–2022, Indonesia is Australia’s 14th largest trading partner and a growing market for Australian goods and services. However, companies can take advantage of the expanding potential of this collaboration by comprehending the dynamics of this trade and the opportunities it offers.

In this blog, we will discuss how Australia imports from Indonesia, along with Australia import data by HS Code, Australia import products, Australia import list, the top Australia import from Indonesia, and much more. 

Australia and Indonesia Trade Relation

With the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) promoting deeper economic engagement and offering opportunities for companies, primary producers, service providers, and investors, Australia and Indonesia enjoy a robust trade relationship. With a total two-way trade in goods and services of A$18.35 billion in 2021–2022, Indonesia is Australia’s 14th largest trading partner and a growing market for Australian goods and services.

For Australian companies, Indonesia offers a huge opportunity as one of the Indo-Pacific region's fastest-growing economies. IA-CEPA guarantees that Australia is in a strong position to expand economic cooperation and contribute to Indonesia's growth, which is predicted to make it the world's fifth-largest economy by 2030.

Now analyze the top Australia imports from Indonesia or importing goods into Australia.

Key Import from Indonesia to Australia in 2024

Indonesia exports a wide range of products to Australia, catering to various industries. Some of the importing goods into Australia include:

• Machinery, nuclear reactors, boilers

• Articles of iron or steel

• Electrical, electronic equipment

• Mineral fuels, oils, distillation products

• Fertilizers

• Footwear, gaiters, and the like

• Articles of apparel, not knit or crocheted

• Wood and articles of wood, wood charcoal

• Vehicles other than railways, tramways

• Cocoa and cocoa preparations

Now analyze the table for Australia's import products for 2024 or Australia's top import from Indonesia

So, these are the top Australian imports from Indonesia. Machinery and nuclear reactors are considered the top import from Indonesia to Australia or Australia biggest imports. Also, if you require updated insights on Australia import data by HS code, top Australia import products, or the Australian import list, visit IndonesiaTradeData.com and analyze the Indonesia import-export data hassle-free.

Top Australia Importers and Exporters

Here is the list of top Australia importers & exporters:

• AFMEH PTY LTD

• AURUM ADVANTAGE LTD

• Banksia Scientific Company

• Charters Footwear Pty Ltd

• Dalya Australia Pty Ltd

• Exportise NSW Pty Ltd

• Golden Export Pty Ltd

• Hornet Group Pty Ltd

• Jatra International Pty Ltd

• Leverage Worldwide Co. Ltd.

So, these are the top Australia importers and exporters. To find out the updated list of Indonesia buyers or suppliers, Australia import data by HS Code, and Australia import products, visit our dashboard and learn more about global trade insights without any hindrance. 

Why does Australia import from Indonesia?

Due to several important variables that improve their trading relationship, Australia imports from Indonesia. Geographical closeness is important since Indonesia is close to Australia, which lowers shipping costs and transit times and improves trade efficiency.

Tariffs on numerous products have also been removed under the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), reducing prices and promoting imports. Indonesia also caters to the expanding Australian consumer market with a wide choice of products from many industries. Australian importers find Indonesian items appealing due to their competitive pricing, which guarantees affordable sourcing choices.

Additionally, the two countries' strong economic links have been strengthened by the smoother trade operations and corporate collaborations that have resulted from their ongoing rise in bilateral relations.

How does Australia import from Indonesia?

It is necessary to fulfill specific documentation and requirements to ship goods from Indonesia to Australia. These documents speed up the customs clearance procedure and act as evidence of compliance.

• Commercial Invoice

• Airway Bill

• Packing List

• Certificate of Origin

• Import Declaration

• Australia import list

Now, explore the easy ways to Import from Indonesia to Australia

• Know Australia's customs regulations

It is crucial for any Indonesian company wishing to import products into Australia to comprehend these rules. Serious penalties, delays, and even the seizure of goods may result from noncompliance.

• Understand Tariff duties and other charges

To prevent unforeseen costs, it is essential to have a thorough understanding of tariffs and duties when importing goods from Indonesia into Australia. 

• Customs clearance process

To Import from Indonesia to Australia, traders must adhere to the customs clearance procedure. 

• Lodging an import declaration

• Customs inspection and clearance

• Paying duties, taxes, and other applicable import charges

• The final release of goods

Where Can I Find Buyers in Australia and Indonesia?

To find buyers in Indonesia or Australia, you need to gain the accurate and most updated Indonesia import data, the Australia import list, Australia import products, and the HS codes. One of the greatest resources for examining Indonesia's international trade shipments is Indonesia Trade Data. 

Additionally, to find buyers in the international market, you can explore the export-import shipments worldwide, including Australia biggest import, exporters, HS codes, quantities, trade values, and destination ports.

Final Words!

So, the trade relationship between Australia and Indonesia continues to strengthen, creating numerous business opportunities for importers. Australian companies can use imports from Indonesia to boost growth and profitability thanks to advantageous trade agreements, a wide range of products, and cost advantages. Through market knowledge, dependable supply chains, and regulatory compliance, companies can successfully navigate and prosper in this import environment. 

However, if you still have any queries regarding Australia import from Indonesia, Australia import data by HS code, the Australia import list, or Indonesia import export data, connect with Indonesiatradedata.com and schedule a free live demo today.

Frequently Asked Questions

1) What does Australia import from Indonesia?

Based on Indonesia export data, the top Australia import from Indonesia are fertilizers, footwear, wood and articles of wood, and Vehicles other than railways and tramways.

2) What can we import from Indonesia?

To import from Indonesia, you need to access trade insights such as the exporters & importers list, HS Codes, shipment insights of Indonesia, and much more. 

3) How much does Indonesia export to Australia?

As per Indonesia export data, Indonesia exported approximately $3.18 billion worth of goods to Australia in 2023.

4) How do I find my HS code in Australia?

To find out the HS Code in Australia, you need to explore the top market research platform, i.e., the IndonesiaTradeData platform. 

5) List of products import from Indonesia to Australia.

The top list of products import from Indonesia to Australia are refined petroleum, video displays, cement, and other products like animal and vegetable oils, electronics, cocoa, and textiles.