Top Indonesia Imports 2023 Q2: Energy & Machinery Dominance

Indonesia Import Portfolio Overview in 2023 Q2

• Mineral fuels (HS27) and machinery (HS84) dominate, comprising 17.5% and 14.3% of total imports respectively.
• Concentration risk is moderate: top three sectors represent 43.2% of imports, reflecting Indonesia’s dual dependency on energy inputs and industrial capital goods.
• This structure aligns with Indonesia’s role as a resource processor and manufacturing base, requiring imported fuel and equipment to support domestic production and export-oriented industries.

Table: Indonesia Top Import Product in 2023 Q2 (Source: yTrade)

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Import Key Driver: Mineral Fuels, Mineral Oils and Products of Their Distillation

• Petroleum oils (HS2710) are the primary driver, accounting for 48.6% of sector imports.
• Product type is predominantly raw or semi-processed material, essential for energy and industrial feedstock.
• This dominance exists because Indonesia, despite being a net energy exporter, requires specific crude grades and refined products to meet domestic refining capacity and fuel demand for its growing industrial and transport sectors.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, Machinery and Mechanical Appliances

• Automatic data processing machines (HS8471) and parts of machinery (HS8429) lead this category, each near 7.5% of sector value.
• These capital goods act as a complement to fuel imports, enabling industrial expansion and infrastructure development.
• Strategically critical for sustaining manufacturing output, upgrading technology, and supporting export sectors like electronics and automotive assembly.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Electrical Machinery and Equipment

• Telephone sets (HS8517) drive this sector, representing 24.1% of imports.
• Role is emerging growth: imports of communication devices and electronic components support Indonesia’s positioning as a consumer market and assembly hub for regional supply chains.
• Reflects rising domestic demand and integration into global electronics production networks.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Indonesia's largest import commodity in 2023 Q2?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $9.43B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals, crude (HS 2710), which alone accounts for $4.58B (48.57%).

Which specific Mineral fuels products does Indonesia import most in 2023 Q2?

Within the Mineral fuels sector, the top imports are:

1. Crude petroleum oil (HS 2710) - $4.58B (48.57%)
2. Petroleum oils, not crude (HS 2709) - $2.64B (27.97%)
3. Petroleum gas (HS 2711) - $952.60M (10.10%).

Does Indonesia import Nuclear reactors, boilers, and machinery in 2023 Q2?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $7.70B. The top product in this category is Automatic data processing machines (HS 8471), worth $578.95M (7.52%).

What are the main industries driving Indonesia's economy?

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

1. Mineral fuels (HS 27) - $9.43B (17.53%)
2. Machinery & mechanical appliances (HS 84) - $7.70B (14.31%)
3. Electrical machinery (HS 85) - $6.13B (11.40%).

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.