Top Indonesia Imports 2023 Q4: Energy & Machinery

Indonesia Import Portfolio Overview in 2023 Q4

• Mineral fuels (HS 27) and machinery (HS 84) dominate, accounting for 19.5% and 14.9% of total imports respectively.
• Concentration risk is moderate; the top three sectors represent 45.6% of imports, driven by energy needs and industrial input demand.
• This structure reflects Indonesia’s role as a resource-rich economy dependent on imported capital goods and energy to support domestic production and infrastructure development.

Table: Indonesia Top Import Product in 2023 Q4 (Source: yTrade)

Get Complete Indonesia Import HS Code Breakdown

Import Key Driver: Mineral Fuels, Mineral Oils and Products

• Crude petroleum oils (HS 2709) and refined products (HS 2710) are the primary drivers, representing 79.5% of sector imports.
• These are raw and intermediate materials, indicating heavy reliance on external energy sources despite domestic resource base.
• Dominance exists due to refining capacity gaps and rising domestic consumption, underscoring structural energy import dependency amid production constraints.

Table: HS Code 27 Detailed Breakdown

Get Complete Indonesia Import HS Code Breakdown

Import Key Driver: Nuclear Reactors, Boilers, Machinery

• Automatic data processing machines (HS 8471) lead this sector but without high concentration; top 10 products show diversified industrial demand.
• Acts as a complement to fuel imports, supplying capital goods essential for manufacturing, mining, and infrastructure expansion.
• Strategically critical for sustaining industrial growth and improving productivity, reducing long-term cost inefficiencies.

Table: HS Code 84 Detailed Breakdown

Get Complete Indonesia Import HS Code Breakdown

Import Key Driver: Electrical Machinery and Equipment

• Telecommunication devices (HS 8517) drive this sector, accounting for 27.6% of imports.
• Role is stable and growth-oriented, supporting digitalization and consumer demand in a rapidly expanding middle-income market.
• Reflects Indonesia’s position as an assembly and consumption hub within regional electronics supply chains.

Table: HS Code 85 Detailed Breakdown

Access Indonesia Complete Import Profile

Frequently Asked Questions

What is Indonesia's largest import commodity in 2023 Q4?

The largest import category is Mineral fuels, mineral oils, and products of their distillation (HS 27), valued at $11.19B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone accounted for $5.88B (52.53%) of the total.

Which specific Mineral Fuels products does Indonesia import most in 2023 Q4?

Within the Mineral Fuels sector, the top imports are:

1. Petroleum oils (HS 2710) - $5.88B (52.53%)
2. Crude oil (HS 2709) - $3.02B (27.00%)
3. Petroleum gas (HS 2711) - $967.16M (8.65%).

Together, these three products make up 88.18% of Indonesia’s mineral fuel imports.

Does Indonesia import Nuclear Reactors and Machinery in 2023 Q4?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is Indonesia’s second-largest import sector, valued at $8.56B. The top product in this category is Automatic data processing machines (HS 8471), accounting for $743.22M (8.68%).

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) - $11.19B (19.50%)
2. Machinery & mechanical appliances (HS 84) - $8.56B (14.93%)
3. Electrical machinery (HS 85) - $6.39B (11.13%).

These three industries alone make up 45.56% of total imports, indicating a concentrated reliance on energy and industrial equipment.

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. This includes key buyers of petroleum oils (HS 2710) and crude oil (HS 2709).