Indonesia has a vast number of natural resources, but the country still needs to import certain commodities to meet the demands of the population. The country’s import value increased by 6.79% in 2019, reaching USD $178.65 billion. Here are the five most imported commodities in Indonesia.
1. Oil and Gas
Indonesia is one of the world’s biggest oil and gas producers, but the country still imports these resources due to the lack of refining capacity. The country imported USD $10.3 billion worth of oil and gas in 2019, mostly from Singapore and Malaysia. The imports mainly consist of crude oil, diesel, and liquefied natural gas (LNG).
2. Machinery and Equipment
Indonesia’s industrial sector is growing rapidly, and the country needs advanced machinery and equipment to support its growth. The country imported USD $7.7 billion worth of machinery and equipment in 2019, mostly from China, Japan, and South Korea. The imports include electrical machinery, machinery for mining, and machinery for the textile industry.
3. Electronic Goods
Indonesia’s middle class is growing, and the demand for electronic goods is increasing. The country imported USD $7.3 billion worth of electronic goods in 2019, mostly from China, Japan, and Singapore. The imports include mobile phones, computers, and telecommunication equipment.
4. Iron and Steel
Indonesia’s construction sector is growing rapidly, and the country needs iron and steel to support its infrastructure development. The country imported USD $4.9 billion worth of iron and steel in 2019, mostly from China, Japan, and South Korea. The imports include flat-rolled products, bars, and rods.
5. Plastics
Indonesia’s plastic industry is growing, and the country needs raw materials to support its production. The country imported USD $4.1 billion worth of plastics in 2019, mostly from Singapore, China, and Saudi Arabia. The imports include plastic plates, sheets, and films.
In conclusion, Indonesia needs to import certain commodities to meet the demands of the population. The country’s import value is increasing, and these five commodities are the most imported in Indonesia. The country relies on these imports to support its economic growth and development.
