Top Imports of Indonesia in 2024: Trends, Products, and Analysis

Key Highlights:

• The top Indonesia importers list includes China, the United States, Japan, India, Singapore and Malaysia.
• As per Indonesia import data, the value of Indonesia's imports in January 2024 was US$18.51 billion, down 3.13 percent from the same period last year but up 0.36 percent over January 2023.
• The major imports of Indonesia include mineral fuels, oils, machinery, electronic equipment, iron and steel vehicles other than railways, and tramways.
• The top Indonesia import products to India include coal, coke, briquettes, vegetable oils, and iron and steel.

As we know, Indonesia is the biggest economy in Southeast Asia and the 16th largest in the world. The country has a diverse economy, with a strong manufacturing and service sector. As per Indonesia trade data, Indonesia is also a major exporter of natural resources, including oil and gas, minerals, and agricultural products. 

Indonesia is a significant supplier of goods like cocoa, coffee, rubber, lumber, palm oil, tea, and, to a lesser extent, sugar, copra, spices, and tobacco to the global market. In this blog, we will briefly discuss Indonesia’s top imports, imports of Indonesia, import data of Indonesia, and trade trends.

All About Indonesia's Exports and Imports

As we know, Indonesia is a major exporter of commodities, including palm oil, coal, copper ores, and ferronickel. It is also a major exporter of manufactured goods, such as electronics, machinery, and furniture, based on Indonesia Trade Data. Indonesia's top export destinations are China, the United States, Japan, India, and Malaysia.

As per Indonesia import data, Indonesia is also a major importer of machinery, electronics, chemicals, and fuels. Based on Indonesia importers data, its top import sources are China, Japan, the United States, Singapore, and South Korea.

Here is an Overview of Indonesia's Trade Data for 2022–23:

Let’s explore the major imports and exports of Indonesia.

Export Data of Indonesia

Indonesia's exports in 2022–23 were valued at US$315.924 billion, a growth of 22.2% from the previous year, as per Indonesia Export Data. The top three export commodities were:

• Oil and gas (12.4%)
• Animal and vegetable fats and oils (14%)
• Electrical equipment and machinery (10.45%)

Import Data of Indonesia

As per Indonesia import data, Indonesia imported US$18.51 billion in January 2024, a 3.13 percent decrease from the same month the previous year but a 0.36 percent increase over January 2023.

However, Indonesia's imports in 2022–23 were valued at US$285.125 billion, a growth of 25.3% from the previous year, 2022–23, as per Indonesia Import Data. The top three import commodities were:

• Machinery and equipment (26.3%)
• Chemicals (11.7%)
• Mineral fuels, lubricants and related materials (11.4%)

Indonesia's exports are important for its economy, as they provide jobs and generate foreign exchange. Indonesia's imports are also important, as they provide the country with goods and services that it cannot produce itself.

The Indonesian government is working to diversify the country's exports and imports away from commodities and towards higher-value products. This will help make the Indonesian economy more resilient to shocks and create more jobs. 

Now, explore the list of top imports of Indonesia. 

Major Imports of Indonesia: 2023

Now, explore the table first for major imports of Indonesia: 2023!

So, these are the imports of Indonesia in 2023. Now, explore the list of Indonesia top imports in 2022.

As per the import data of Indonesia, Indonesia's top imports are:

• Refined petroleum: Indonesia imports refined petroleum to meet the needs of its growing transportation and industrial sectors.
• Crude petroleum: Indonesia also imports crude petroleum to refine and export.
• Petroleum gas: Indonesia imports petroleum gas to meet its domestic energy needs.
• Vaccines: Indonesia imports vaccines to protect its population from diseases.
• Motor vehicles: Indonesia imports motor vehicles to meet the needs of its growing middle class.
• Machinery and mechanical appliances: Indonesia imports machinery and mechanical appliances to support its manufacturing sector.
• Electrical machinery and equipment: Indonesia imports electrical machinery and equipment to support its growing economy.
• Iron and steel: Indonesia imports iron and steel to meet the needs of its construction and manufacturing sectors.
• Plastics and plastic articles: Indonesia imports plastics and plastic articles to meet the needs of its manufacturing and consumer sectors.
• Organic chemicals: Indonesia imports organic chemicals to support its manufacturing sector.

Now, let’s explore the line graph for Indonesia top imports!

Trade Trends of Indonesia

Indonesia's expanding economy and growing middle class have driven steady growth in imports in recent years. Based on  Indonesia trade data,  Indonesia's top trading partners are China, Singapore, Japan, the United States, and Malaysia.

China is Indonesia's largest source of imports, accounting for over 20% of total imports as per Indonesia importers data. Singapore is Indonesia's second-largest source of imports, accounting for over 10% of total imports as per Indonesia import data. Japan, the United States, and Malaysia are also major sources of imports for Indonesia.

According to a survey, economic growth and rising demand for imported goods are expected to drive continued growth in Indonesia's imports in the coming years.

Import Partners of Indonesia: Top Indonesia Importers List

According to Indonesia importer's data, the following are Indonesia top import partners, ordered by import value in 2023: 

The following 10 countries account for more than 70% of all Indonesian imports. China remains the most major import partner, followed by the US and Japan. This demonstrates Indonesia's strong economic ties with these countries, especially in terms of trade and investment. However, if you need the updated Indonesia import data or an updated Indonesia importers list, connect to IndonesiaTradeData.com.

Is Indonesia a Free-Trade Country?

Yes, Indonesia has signed several free trade agreements as an independent market as well as a member of the Association of Southeast Asian Nations (ASEAN). These trade agreements provide Indonesia consumers and businesses with improved market access for goods and services, investment opportunities, and technologies.

Free trade agreements will play an increasingly significant role in Indonesian exports, which could rise to US$300 billion in 2024, an increase from the US$268 billion recorded in 2022, as per the Indonesia Importers List. The country is looking to grow its industry of downstream commodities, which is fast becoming the backbone of its total exports.

Also, if you need the list of India’s top Export, Look into India Top 10 Exports 2024

Implications for Businesses

The growing demand for imported goods in Indonesia presents opportunities for businesses that can supply these goods to the Indonesian market. Businesses that are interested in exporting to Indonesia should carefully consider the country's import regulations and requirements.

Businesses should also be aware of the competitive landscape in Indonesia. There are many foreign and domestic businesses that are already exporting to Indonesia. Businesses that want to be successful in the Indonesian market need to offer competitive prices and quality products.

Overall, the growing demand for imported goods in Indonesia presents a significant opportunity for businesses that can supply these goods to the Indonesian market.

How do I Find Indonesia Trade Data?

Simply, you need to visit the Indonesia Trade data-driven dashboard to analyze the updated Indonesia import export data. 

IndonesiaTradeData.com is the best market research platform that provides Indonesia import Data,  Indonesia top imports, and offers authentic information about international trade. 

Conclusion

The growing demand for imported goods in Indonesia presents a significant opportunity for businesses that can supply these goods to the Indonesian market. Indonesia is a free trade country, which means that businesses can import and export goods more easily.

You now understand the major inbound commodities from Indonesia in brief. If you're looking for imports of Indonesia, Indonesia Import data export-import data from Indonesia, or Indonesia Importers data, please connect with our professionals and book a free live demo!

Frequently Asked Questions (FAQ's)

Q1. What are the Indonesia Top Imports?

According to Indonesia Import Data, these are Indonesia biggest imports:

• Oil and other mineral fuels
• Computer and electronic equipment
• Electrical equipment and machinery 
• Steel and iron
• Materials made of plastic:
• Transportation
• Organic chemicals
• Waste from the food industry and animal feed
• Cereal sales 
• Iron or steel products

Q2. Who is Indonesia's biggest import partner?

According to import data of Indonesia, Indonesia's largest merchandise trade partner was China, accounting for 23.2% of exports and 28.7% of imports. The United States, Indonesia's second-largest trading partner, accounted for 11.2% of its exports and 5.8% of its imports in value.

Q3. What is imported to Indonesia?

Overview. According to Indonesia importers data, Indonesian agricultural imports ranked $28 billion in 2022, with wheat, soybeans, rice, beef, fresh fruit, and other feed additives being the primary categories.

Q4. What food does Indonesia import?

According to the Indonesia Import data, it imports 80% of milk components, 70% of soybeans, 100% of sugar, and 80% of specific salts for manufacture. Indofood continues to lead Indonesia's packaged food sector.

Q5. How do I find updated Indonesia trade?

To find updated Indonesia Trade Data, please visit the Indonesia Trade Data platform and analyze the import data Indonesia and export data Indonesia. Along with this, we provide the updated Indonesia importers list and exporters in Indonesia.

Q6. What does Indonesia import from India?

As per import data of Indonesia, India exported $9.73B to Indonesia. The main products that India exported to Indonesia were refined petroleum ($3.23B), raw sugar ($737M), and frozen bovine meat ($333M).