Indonesia Import Data , Indonesia trade Data
18-Apr-2024
Key Highlights:
Indonesia, with its strong economy and strategic location in Southeast Asia, is a key player in global trade. China, renowned as the 'factory of the world,' is a vital commercial partner. Also, Indonesia and China's bilateral trade connection is critical not only for economic growth but also for market diversity and product differentiation. In this blog, we will look at the top products that Indonesia imports from China, providing insights like Indonesia Import Data, import from China to Indonesia statistics, and how these goods affect the Indonesian economy and what this implies for businesses and consumers alike.
Do you know? Indonesia and China have a two-way trading connection, which means they export and import items from each other. Here's the breakdown:
Raw Materials: Indonesia is rich in natural resources, and China is a key importer. Top exports include ferroalloys (used in steel manufacturing), lignite (a type of coal), and coal briquettes.
Manufactured Goods: China's industrial prowess is on full display. As per Indonesia Import Data, Indonesia imports a wide range of finished items, including electrical equipment and machinery (such as generators and industrial machines), construction steel and iron, and computers and electronics.
Also read: How to Import Goods from China to India?
Let’s explore the Indonesia import data for 2023-24!
Based on Indonesia import data, in 2023, Indonesia imported goods worth US$237.4 billion, a 25.8% rise from $188.7 billion in 2018. The entire cost of Indonesian imports climbed by 21.3% year on year, from $195.7 billion in 2021.
As per the average exchange rate for 2023, the Indonesian rupiah's value compared to the US dollar has fallen by -4.3% since 2018 and -3.8% between 2021 and 2023.
But what exactly does Indonesia import from China? Let's delve into the top import from china to Indonesia
Based on Indonesia import data, in 2023, Indonesia imported goods worth US$237.4 billion, a 25.8% rise from $188.7 billion in 2018. The entire cost of Indonesian imports climbed by 21.3% year on year, from $195.7 billion in 2021.
As per the average exchange rate for 2023, the Indonesian rupiah's value compared to the US dollar has fallen by -4.3% since 2018 and -3.8% between 2021 and 2023.
But what exactly does Indonesia import from China? Let's delve into the top import from china to Indonesia
Indonesia has imposed import duties of up to 200% on Chinese goods such as textiles, clothing, footwear, cosmetics, and electronics.
The duties are designed to protect local businesses from unfair competition and the failure of micro, small, and medium-sized enterprises.
Indonesia relies on China for a variety of products to power its expanding economy. Here's a breakdown of the top 10 import categories by value in 2023-24:
|
Rank |
Top import from China to Indonesia |
Indonesia import data (Import value) |
|
1 |
Machinery, nuclear reactors, boilers |
US$ 14.65 billion |
|
2 |
Electrical, electronic equipment |
US$ 13.56 billion |
|
3 |
Iron and steel |
US$ 3.09 billion |
|
4 |
Plastics |
US$ 2.82 billion |
|
5 |
Organic chemicals |
US$ 2.11 billion |
|
6 |
Vehicles other than railways, tramways |
US$ 2.06 billion |
|
7 |
Mineral fuels, oils, distillation products |
US$ 1.93 billion |
|
8 |
Articles of iron or steel |
US$ 1.68 billion |
|
9 |
Furniture, lighting signs, prefabricated buildings |
US$ 1.42 billion |
|
10 |
Manmade filaments |
US$ 1.22 billion |
Here is a brief summary of the top products imported from China to Indonesia!
Machinery, nuclear reactors, and boilers: This sector, worth a massive $16.16 billion, serves as the backbone of Indonesian economic development. It includes everything from industrial machines and generators to heavy-duty equipment for building and infrastructure projects.
Electrical, electronic equipment: Electrical and electronic equipment follows closely behind with $14.47 billion. This encompasses everyday products such as smartphones and home appliances, as well as sophisticated gear used in a variety of industries. Know the import duty from China to Indonesia from our data-driven platform.
Iron and steel: Indonesia's infrastructure growth is mainly reliant on Chinese iron and steel imports, which are expected to total $3.25 billion by 2022. These metals are the foundations for bridges, skyscrapers, and other critical buildings.
Plastics: Plastics, a versatile and economical material, play an important part in Indonesian manufacturing. Imports of plastics from China are expected to be worth $2.94 billion in 2022, serving a wide range of industries from packaging to construction.
Organic chemicals: Organic chemicals, which are the cornerstone of many industrial processes, will be imported from China for $2.61 billion in 2022. These chemicals are used in a variety of products, including fertilizers, medicines, polymers, and textiles.
Vehicles other than railways, tramways – China exports a large number of automobiles, motorcycles, and heavy-duty trucks to Indonesia, supporting its growing transportation sector. Advanced electric vehicles (EVs) from China are also gaining popularity due to their affordability and efficiency.
Mineral fuels, oils, distillation products – Indonesia imports refined petroleum and other fuel products from China to meet its industrial and energy demands. These imports help sustain power generation, manufacturing, and transportation needs.
Articles of iron or steel – Structural steel, pipes, and construction materials from China support Indonesia’s infrastructure projects. These materials are crucial for bridges, buildings, and industrial development.
Furniture, lighting signs, prefabricated buildings – Chinese-manufactured furniture and prefabricated buildings are widely used in Indonesia due to their cost-effectiveness and modern designs. The demand for LED lighting and smart home solutions is also increasing.
Manmade filaments – Indonesia imports synthetic fibers and textiles from China to support its garment and textile industry. These materials are essential for producing clothing, upholstery, and various industrial applications.
This spike in China-Indonesia trade indicates their economic interdependence. China provides the machinery, electronics, and materials that drive Indonesia's growth, while Indonesia serves as a growing market for Chinese products. As both countries look to the future, their trade relationship is expected to evolve, potentially leading to even greater economic collaboration.
How do you import goods from China to India? It might be difficult for importers to know the complete shipping process. Explore Top import items from China to India
To find out the updated and most accurate Indonesia importers, you need to connect with IndonesiaTradeData.com. We deliver 100% original, reliable, and up-to-date trade reports on Indonesia import and export data HS codes, etc.
China-Indonesia trade ties are likely to continue strong. However, Indonesia is also seeking to diversify its import sources and stimulate indigenous manufacturing. This tendency could lead to an exciting future for trade between the two countries.
Do you want to find out more about how Indonesia trade data may help you trade internationally and expand your business? Speak with our global trade expert for the Indonesia market and push your business to new heights. Book your free live demo now!
Q1. How to import stuff from China to Indonesia?
Find a trustworthy Chinese supplier, select a shipping option (usually sea freight), make sure you have the required Indonesian import documents, such as a Tax ID Number (NPWP) and Single Business Number (NIB), comply with customs laws by supplying accurate documentation, such as commercial invoices and certificates of origin, and, if necessary, arrange for customs clearance through a broker.
Q2. How much does Indonesia import from China?
As per Indonesia import data, China is Indonesia's biggest supplier of imports, accounting for around 28.52% of its total imports, or about $67.7 billion worth of goods.
Q3. What are Indonesia's top 5 exports?
Indonesia's top 5 exports are: palm oil, coal (including bituminous coal and other coal), ferro-nickel, copper ores and concentrates, and petroleum gas.
Q4. Do I have to pay import tax on goods from China?
Yes, you need to pay import taxes on goods from China to Indonesia or any other country. These taxes include customs duty, Integrated Goods and Services Tax (IGST), and Social Welfare Surcharge.
Q5. What is import data for Indonesia?
Based on Indonesia import data, in 2023, Indonesia imported goods worth US$237.4 billion, a 25.8% rise from $188.7 billion in 2018. The entire cost of Indonesian imports climbed by 21.3% year on year, from $195.7 billion in 2021.
