What are the top 10 import products of Indonesia in 2024-25 ?
Discover the top 10 import products of Indonesia and gain insights into the country's economy and trading details. Explore our comprehensive list now to gain knowledge about the top import products of Indonesia with detailed information.
Indonesia at a glance
The largest economy in Southeast Asia and the largest Muslim population in the world are both found in Indonesia, which is made up of a chain of thousands of islands between Asia and Australia. It has a large ethnic diversity and more than 300 regional languages. Hunter-gatherers in the countryside coexist with affluent urbanites. Before the Dutch colonized the archipelago and gave up their claim to it in 1949, there were sophisticated kingdoms there. Despite being one of the world's leading rising economies, Indonesia nevertheless faces demands for independence in a number of its regions. Indonesia has seen a huge jump in its import business in recent years, according to the Indonesia import data and the Indonesia trade data. In this article, we will learn more about the top 10 import products of Indonesia in detail.
Indonesia Import Data in the Year 2024
According to the Indonesia import data, in 2024, Indonesia imported goods worth US$264.70 billion, a 2% increase over the previous year, for the imports of Indonesia. The total cost of Indonesian imports increased by 21.3% year over year from $195.7 billion in 2023. According to the average exchange rate for 2024, the value of the Indonesian rupiah against the US dollar has decreased by -4.3% since 2018 and by -3.8% between 2023 and 2024. When converted starting from the Indonesian rupiah, imports to Indonesia that were paid for in the country's weaker native currency were more expensive as per the Indonesia trade data.
Leading suppliers of Indonesian Imported Goods
According to the most recent trade data of Indonesia, the exporters in mainland China (28.5% of Indonesia's total imports), Singapore (8.2%), Japan (7.2%), Malaysia (5.3%), South Korea (4.94%), the United States (4.92%), Thailand (4.6%), Australia (4.2%), India (3.9%), Saudi Arabia (2.3%), Vietnam (2%), and Taiwan (1.9%), supplied more than seven in ten (78%) of the imports of Indonesia. By value, 74.8% of Indonesia's total imports were from Asian nations when viewed through a continental lens. 6.8% of Indonesia's import purchases came from European countries, while 6.3% of its purchases came from North America, as per the Indonesia trade data and the import data of Indonesia. A smaller portion of all imports to Indonesia came from Africa (4.3%), Latin America (3%) (excluding Mexico but including the Caribbean), and Australia and other Oceanian regions (4.8%), respectively, as stated by the Indonesia import data. With a population of 274.9 million, Indonesia will import a total of $237.4 billion in 2023, which corresponds to a yearly demand for goods of almost $860 per person in the Asian nation. The money amount in 2024 is higher than the 2023 per capita average of $720. Basic trade analytics according to the different teams and the Indonesia import data.
Imports of Indonesia – Early history
As a major percentage of the population reached the middle class and drove increasing purchases of energy and consumer goods, imports to Indonesia tripled between 2004 and 2012. However, since the middle of 2013, imports have been falling as a result of low commodity prices, weak domestic demand, and low levels of investment. Oil and gas make up about 17 percent of all imported goods, followed by nuclear reactions, boilers, and mechanical appliances (19 percent), iron and steel (5.4 percent), organic chemical materials (4.8 percent), and automobiles (4.5 percent). The top import partners are China (which accounts for 25% of all imports), Japan (11%), Singapore (7.6%), Thailand (6.8%), and the United States (6.4%), according to the Indonesia import data and the trade data of Indonesia.
Top 10 Imports from Indonesia in 2024: Indonesia Import Products List
The following product categories will account for the bulk of Indonesia's import spending in 2024. The percentage of each product category's total imports into Indonesia is also displayed. Here are the top 10 import products of Indonesia –
- Mineral fuels and oils: $40.66 billion (17.4% of all imports).
- Nuclear reactors and machinery: $33.51 billion (14.3%)
- Electrical machinery and equipment: $27.04 billion (11.5%)
- Iron and steel: $10.66 billion (4.5%)
- Plastics and articles thereof: $10.59 billion (4.5%).
- Vehicles: $9.65 billion (4.1%)
- Organic chemicals: $7.10 billion (3%)
- Cereals: $6.81 billion (2.9%)
- Precious stones and metals: $4.77 billion (2%)
- Optical, medical, and surgical instruments: $4.42 billion (1.8%)
The top import partners of Indonesia
Let's examine the top nations that most recently supported Indonesia's imports. The largest trading partners of Indonesia had an overall import value of about $103.93 billion and a total import share of 72.35 percent. Based on total import value and total import share, we have provided a detailed analysis of Indonesia's top 5 trading partners according to the Indonesia import data in the figure below.
- China ($72.72 billion)
- Singapore ($21.52 billion)
- Japan ($14.96 billion)
- US ($11.99 billion)
- Malaysia ($10.91 billion)
Benefits of Indonesia Import Trade Data
- Find potential customers in the Indonesian market.
- Learn about Indonesia's current product demand.
- Follow your rivals and surpass them.
- Implement data-driven marketing techniques.
- Increase the visibility of your company in the Indonesian market.
- Set long-term business objectives and increase your revenues in the imports of Indonesia.
Conclusion
The primary imports into Indonesia include petroleum oils, mineral fuels, chemicals, machinery, and foodstuffs. According to data on import shipments, China, Singapore, and Japan provided the majority of Indonesia's imports. There is a chance for international producers and suppliers to export high-quality goods to Indonesia. Using Indonesia Trade Data, you can find reliable Indonesian buyers and make big money. The imports from Indonesia have increased rapidly in recent years. The top 10 import products of Indonesia have played a huge part in the country being one of the biggest economies in Asia. Indonesia's import patterns are probably going to change as it develops and expands in response to fresh opportunities and challenges on the international scene.
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Read More:-
Indonesia Import Data
Best Import Export Data Provider
Quarterly Analysis Of Indonesia’s Trade Data
Indonesia Trade Data Report
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