Top Indonesia Imports 2023 Q3: Energy & Machinery Dominance

Indonesia Import Portfolio Overview in 2023 Q3

• Mineral fuels (HS 27) lead at $9.98B (17.9%), followed by machinery (HS 84) at $8.49B (15.2%) and electrical equipment (HS 85) at $6.39B (11.5%).
• High concentration risk: Top 3 sectors account for 44.6% of total import value, exposing Indonesia to supply chain and price volatility in energy and industrial inputs.
• This structure reflects Indonesia’s role as a resource-rich industrializer: heavily dependent on imported energy and capital goods to support domestic production and infrastructure expansion.

Table: Indonesia Top Import Product in 2023 Q3 (Source: yTrade)

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Import Key Driver: Mineral Fuels, Oils, and Waxes

• Crude petroleum (HS 2709) is the primary driver, valued at $3.18B (31.8% of sector imports).
• Product type: Raw material.
• This dominance exists because Indonesia, despite being a net energy exporter, relies on specific crude grades and refined products to meet domestic refining needs and fuel industrial activity, highlighting persistent gaps in downstream capacity.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, and Machinery

• Automatic data processing machines (HS 8471) lead at $788M (9.3% of sector imports).
• Acts as a complement to energy imports: machinery enables industrial and technological upgrading, supporting value-added production and export competitiveness.
• Strategically critical for sustaining manufacturing growth, infrastructure development, and technology adoption across sectors.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Electrical Machinery and Equipment

• Telephone sets (HS 8517) dominate at $1.35B (21.2% of sector imports).
• Role: Emerging growth, driven by consumer demand, digitalization, and electronics assembly for export.
• Indicates Indonesia’s integration into regional electronics supply chains, though still reliant on imported components for final assembly and domestic market consumption.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Indonesia's largest import commodity in 2023 Q3?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $9.98B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals, crude (HS 2709), which accounted for $3.18B (31.81%).

Which specific Mineral fuels products does Indonesia import most in 2023 Q3?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils and oils obtained from bituminous minerals, crude (HS 2709) - $3.18B (31.81%)
2. Petroleum oils and oils obtained from bituminous minerals, not crude (HS 2710) - $5.09B (50.96%)

Does Indonesia import Nuclear reactors, boilers, and machinery in 2023 Q3?

Yes, Nuclear reactors, boilers, and machinery (HS 84) is Indonesia’s second-largest import sector, valued at $8.49B. The top product in this category is Automatic data processing machines (HS 8471), worth $788M (9.28%).

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) - $9.98B (17.90%)
2. Machinery & mechanical appliances (HS 84) - $8.49B (15.21%)
3. Electrical machinery (HS 85) - $6.39B (11.45%)

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.