Top Indonesia Imports 2023 Q1: Energy & Machinery

Indonesia Import Portfolio Overview in 2023 Q1

• Mineral fuels (HS27) and machinery/electrical goods (HS84/85) dominate, accounting for over 43% of total import value.
• High concentration risk exists in energy imports, reflecting Indonesia's persistent dependency on refined petroleum despite being a net crude exporter.
• This structure underscores Indonesia's role as an industrializing economy importing capital goods and intermediate inputs for manufacturing and infrastructure development.

Table: Indonesia Top Import Product in 2023 Q1 (Source: yTrade)

Get Complete Indonesia Import HS Code Breakdown

Import Key Driver: Mineral Fuels

• HS2710 (petroleum oils) represents 49.7% of sector imports, totaling $4.74B.
• Product type: Refined intermediate good—highlighting Indonesia’s refining capacity gap relative to crude production.
• Dominance stems from domestic demand from transportation and industry, plus price volatility linked to global energy markets.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors & Machinery

• Top subcategory HS8429 (self-propelled bulldozers/graders) at $655.6M, though the sector is fragmented.
• Acts as a complement to fuel imports—machinery supports infrastructure and mining, key sectors driving economic growth.
• Strategic for sustaining public works and natural resource extraction, both central to government development targets.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Electrical Machinery

• HS8517 (telecom devices/parts) leads with $1.80B, 26.2% of sector total.
• Represents emerging demand for technology and components, supporting digitalization and electronics manufacturing growth.
• Signals increasing integration into global electronics supply chains, both for domestic consumption and export-oriented production.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Indonesia's largest import commodity in 2023 Q1?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $9.52B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone accounted for $4.74B (49.74%).

Which specific Mineral fuels products does Indonesia import most in 2023 Q1?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils (HS 2710) - $4.74B
2. Crude petroleum oils (HS 2709) - $2.31B
   Together, these two products make up 74% of the sector's total imports.

Does Indonesia import Nuclear reactors, boilers, and machinery in 2023 Q1?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is Indonesia’s second-largest import sector, valued at $7.41B. The top product in this category is Self-propelled bulldozers, graders, etc. (HS 8429), accounting for $655.63M (8.85%).

What are the main industries driving Indonesia's economy?

Indonesia’s import economy is heavily reliant on three key sectors:

1. Mineral fuels (HS 27) - $9.52B (17.33%)
2. Machinery & mechanical appliances (HS 84) - $7.41B (13.48%)
3. Electrical machinery (HS 85) - $6.88B (12.51%)

How to find Indonesia Mineral fuels buyers?

You can access a list of active overseas buyers and importers for Mineral fuels (HS 27) using the yTrade database, which provides detailed shipment records and company contacts.