Imports to Indonesia jumped 51.06 percent year-on-year to USD 16.29 billion in October 2021, compared with market consensus of 56.06 percent and after a 40.31 percent growth a month earlier. This was the ninth straight month of growth in inbound shipments, amid strong domestic demand following an easing of COVID-19 restrictions and increasing vaccination levels. Purchases of non-oil and gas climbed 48.29 percent to USD 14.40 billion; and those of oil and gas imports soared 75.94 percent to USD 1.90 billion, driven by crude oil (11.63 percent), oil products (89.39 percent), and gas (106.10 percent). Considering the first ten months of the year, arrivals surged 35.86 percent from the same period of 2020 to USD 155.51 billion. source: Statistics Indonesia
Imports YoY in Indonesia averaged 14.65 percent from 1960 until 2021, reaching an all time high of 143.70 percent in January of 1975 and a record low of -66 percent in January of 1966. This page includes a chart with historical data for Indonesia Imports YoY. Indonesia Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Indonesia Import Growth Quickens
Indonesia Imports Grow Less than Estimated
Indonesia Import Growth Accelerates
Indonesia Imports YoY
From 2004 to 2012, imports to Indonesia tripled, as large portion of the population entered middle-class and propelled higher purchases of oil and consumption goods. However, starting in mid-2013, imports have been declining due to low commodity prices and weak domestic consumption and investment. Main imports products are: oil and gas (around 17 percent of total imports), nuclear reactions, boilers, mechanical appliances (19 percent); iron and steel (5.4 percent), organic chemical materials (4.8 percent) and vehicles (4.5 percent). Main import partners are: China (25 percent of the total imports), Japan (11 percent), Singapore (7.6 percent), Thailand (6.8 percent) and the United States (6.4 percent).