Top Indonesia Imports 2024 Q1: Market Shift

Indonesia Import Portfolio Overview in 2024 Q1

• Dominated by capital and intermediate goods: machinery (HS 84, 14.4%) and electrical equipment (HS 85, 12.5%) lead, with mineral fuels (HS 27, 18.4%) as the top import by value.
• High concentration risk: Top 3 sectors account for 45.2% of total import value, indicating reliance on energy inputs and industrial equipment.
• Reflects Indonesia's industrial expansion: heavy machinery and component imports fuel domestic manufacturing and infrastructure development, while fuel imports support energy needs.

Table: Indonesia Top Import Product in 2024 Q1 (Source: yTrade)

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Import Key Driver: Mineral Fuels, Mineral Oils and Products

• Primary product: Petroleum oils (HS 2710, $5.59B, 55.5% of sector), crude and refined.
• Product type: Raw material and processed intermediate good.
• Insight: Indonesia remains a net energy importer despite domestic production, requiring crude for refining and finished fuels to meet industrial and consumer demand, highlighting infrastructure gaps in downstream capacity.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, Machinery

• Key product: Automatic data processing machines (HS 8471, $728.7M, 9.2% of sector).
• Acts as a complement: Supports digitization and industrial automation, directly enabling value-added production in sectors like electronics and manufacturing.
• Strategic importance: Essential for upgrading industrial base and integrating into global tech supply chains, reducing reliance on finished goods imports over time.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Electrical Machinery and Equipment

• Leading product: Telephone sets (HS 8517, $1.95B, 28.6% of sector), including smartphones and components.
• Role: Emerging growth driver—high-value electronics imports feed consumer markets and assembly operations, indicating Indonesia's role as a regional tech hub and manufacturing base.
• Stability note: Semiconductor imports (HS 8542, $997.3M) further signal deepening integration into global electronics supply chains.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Indonesia's largest import commodity in 2024 Q1?

The largest import category is Mineral fuels, mineral oils, and products of their distillation (HS 27), valued at $10.07B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone account for $5.59B (55.54%).

Which specific Mineral fuels products does Indonesia import most in 2024 Q1?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils (HS 2710) - $5.59B (55.54%)
2. Crude petroleum oils (HS 2709) - $2.40B (23.84%)
3. Petroleum gases (HS 2711) - $880.80M (8.74%).

Does Indonesia import Nuclear reactors and machinery in 2024 Q1?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $7.90B. The leading product category is Automatic data processing machines (HS 8471), worth $728.74M (9.23%).

What are the main industries driving Indonesia's economy?

Indonesia’s import economy is concentrated in three key sectors:

1. Mineral fuels (HS 27) - $10.07B (18.35%)
2. Machinery (HS 84) - $7.90B (14.38%)
3. Electrical equipment (HS 85) - $6.83B (12.45%).
   The economy is heavily reliant on energy imports, with HS 27 alone contributing nearly 20% of total imports.

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.