06-Jul-2020
Indonesia is an archipelago positioned between the Indian and the Pacific Ocean. Indonesia has an open economy. The Indonesian economy has shown a steady growth of 5.1% in 2019. The steady economic growth has reduced poverty. The government has invested heavily in infrastructure projects has helped the growth. Foreign trade accounts for 43% of its economy. It is one of the leading Indonesia is a member of several trade organizations including G20, ASEAN (Association of Southeast Asian Nations), and Petrol Exporting Countries.
According to import data Indonesia, Indonesia imported 156.4 billion USD in 2019. The country imported over 4411 products from 224 countries. Import data shows the all-time high of 18.3 billion dollars in Jun 2018. According to the latest import data collected, imports dropped by 42.2% in May 2020 resulting in a trade surplus of 2.1 billion USD.
The import data Indonesia is collected from custom ports around the country. The data is collected from the bill of lading contains information such as product description and HS Codes, total quantity and unit quantity, price, ports of dispatch and destination, details of the importer, and exporter.
The top imports of Indonesia are:-
The top 10 Indonesian imports accounted for 63.8% of the overall imports of the country. Iron and steel machinery showed a 6.4% growth when compared to previous years. The steepest decline in imports was seen in mineral fuels and oils and iron and steel down 49.5% and 28.7% respectively.
The top import partners of Indonesia are:-
The Indonesian import data revealed 74.9% of imports were from other Asian countries. European nations supplied 9.5% of the imported goods and 6.5% of the imported goods were from the North American continent. Indonesia has 141 international ports (89 fully operated international seaports and 52 special terminals).
The major shipping ports of Indonesia are:-
The major cargo airports are:-
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