Indonesia is a country that has always been reliant on imports to fulfill its needs. Even though the country has been trying to become more self-sufficient in recent years, imports still play a significant role in the country’s economy. The Indonesian government has set up several policies to regulate the import of goods into the country, and these policies change frequently. In this article, we will discuss the latest data on imports into Indonesia in 2020.
Overview of Import in Indonesia
Indonesia is a country that is heavily reliant on imports. The country imports a wide variety of goods, including food, electronics, machinery, and raw materials. The country’s imports are valued at around $172 billion, with China being the largest source of imports. In 2019, Indonesia imported goods worth $48.7 billion from China.
Other significant sources of imports for Indonesia include Japan, Singapore, the United States, and Thailand. These countries account for a significant portion of Indonesia’s total imports.
Changes in Import Policies
The Indonesian government has been working to reduce the country’s dependence on imports and improve its self-sufficiency in certain areas. As part of this effort, the government has implemented several policies to regulate imports into the country.
In 2020, the government implemented several changes to the import policies. These changes include the following:
- Increased tariffs on several products
- Restrictions on the import of certain goods
- Removal of several import regulations
These changes are aimed at promoting local industry and reducing the country’s reliance on imports.
Impact of COVID-19 on Imports
The COVID-19 pandemic has had a significant impact on the global economy, and Indonesia’s imports have not been immune to this impact. The pandemic has disrupted global supply chains, resulting in delays and shortages in the supply of goods.
The pandemic has also caused a decrease in the demand for certain goods, resulting in a decrease in imports. According to the Central Statistics Agency (BPS), Indonesia’s imports decreased by 17.6% in June 2020 compared to the same month in 2019.
Major Imports in 2020
In 2020, Indonesia’s top imports included:
- Refined petroleum ($9.4 billion)
- Crude petroleum ($4.2 billion)
- Telephones ($2.8 billion)
- Motor vehicles ($2.6 billion)
- Iron ore ($2.2 billion)
These goods accounted for a significant portion of Indonesia’s total imports in 2020.
Conclusion
Imports play a vital role in Indonesia’s economy, and the country is heavily reliant on imports to fulfill its needs. The government has implemented several policies to regulate imports into the country, and these policies change frequently. The COVID-19 pandemic has had a significant impact on Indonesia’s imports, causing a decrease in demand for certain goods. Despite the challenges, Indonesia continues to import a wide variety of goods, and imports are likely to remain an essential part of the country’s economy in the years to come.
