Indonesia is a nation in Southeast Asia that lies between the Pacific and Indian Oceans. It is an archipelago of 17,508 islands, some of which border Papua New Guinea, Timor-Leste, and Malaysia, and has a vital location aboard important maritime routes. Indonesia maintains a mixed economy system, with a mixture of centralized governmental control and economic planning with that of private liberty. Indonesia Trade Data deals with the import-export data of the country and thus states that the trade surplus has widened to around USD 2.37 billion in the month of May of 2021 from the previous year’s consensus that showed USD 2.1 billion.
This was the 13th consecutive month of trade surpluses, and the highest was since November when exports increased as global demand strengthened. Exports of the country since January 2010 have been seen to have a rise of 58.76 percent year by year to USD 16.6 billion. All these occurred due to the stronger sales of both oil & gas products (66.99%) and non-oil products (58.30%). On the other hand, the imports have increased 68.68 percent year after year to USD 14.23 billion since April 2010 while becoming the highest monthly rise. The value of the purchases for non-oil & gas was up by 56.44% and oil & gas products were by 213.61%.
Indonesia Trade Data
As per the Indonesia trade statistics, the country ranks at 31 positions among the exporters of the world. On the other side, the importer rank of the country is at 29th. Thus, the trade balance rank is seen to at 85 among the 127 countries in the world. The Indonesia Trade Data thereby states that the total exports of the country in 2019 were around $1167, 002,880,981. Total imports of the country in 2019, on the other hand, were $170, 727,343,535, Indonesia import-export data showed that the trade balance of the same year was $3, 724,462,554.
Indonesia import-export data includes all the information that pertains to Indonesian trade statistics, as well as the amounts and names of specific shipments that have arrived in the nation. All the information related to import and export is acquired from the major fields of shipping data that represents the details of:
- Date,
- Product Description,
- HSN Code,
- Importer/Exporter Name, Address,
- Foreign Country,
- Quantity, Unit,
- Total Value USD,
- Port Name, etc.
The information is sourced from official documents that are acquired from Indonesian Customs Departments, Government Bodies, Trade Associations, and Shipping & Logistics Companies, and other authoritative links.
Indonesia Import Export Data
The value of imports for 2019 and 2018 is around $171 billion and $189 billion, respectively, according to Indonesia import data. When comparing the total amount of Indonesia imports in 2018 and 2019, data from the Indonesia import-export database shows that the total imports of Indonesia have fallen by 9%.
The top imported products in Indonesia are based upon 2019 Indonesia import figures which are like:
- Machinery and Parts ($27 billion total imports);
- Mineral Fuels and Oils, etc. ($23 billion total imports);
- Electronics ($20 billion total imports),
- Iron and Steel (total imports $10 billion),
- Plastics and Articles ($9 billion total imports), so on.
According to Indonesian import data, the most popular item is Industrial Machinery and Parts, which had a value of $27 billion. This industry has seen a lot of success. The least popular product is the optical, etc. instruments that had a market value of just $3 billion.
China thus has consistently ranked first among Indonesia’s import partners, According to the statistics, the top import partners of Indonesia of 2019 are:
- China has a 26.2 percent ($44.9 billion) market share,
- Singapore has a 10.3 percent ($17.5 billion) market share,
- Japan has a 9.1% ($15.6 Billion) market share, and so on.
The majority of Indonesia’s imports come from China, and the most common goods are electrical and industrial components. The items thus remain in great demand and are used in the maximum amount for production in a wide range of goods and infrastructure. As a result, according to Indonesian customs statistics, China becomes the leading importer for goods that Indonesia has among its trading partners.
Indonesia Export Data
When looking at the Indonesia export data of 2019 and 2018, it revealed that the export values were about $168 billion and $180 billion, respectively. When comparing the country’s entire export value in 2019 and 2018, the proportion for the years might be found to be down by 7%.
The top exported products from Indonesia as per Indonesia export data are upon 2019 Indonesia export figures which are like:
- Mineral Fuels & Oils, etc. ($34.1 billion total exports),
- Animal-Vegetable Fats & Oils, etc. ($17.6 billion total exports),
- Electronics ($9 billion total exports),
- Vehicles ($8.1 billion total exports),
- Iron and steel (total exports of $7.3 billion).
Among these products, the most popular one found in Indonesia as per the export trade data was Mineral Fuels & Oils. This industry thus reflects a prosperous fortune. The least popular product in Indonesia, according to the data was Footwear and other accessories.
According to Indonesian trade data, however, trade ties between China and Indonesia were found to be the strongest among Indonesia’s top trading partners in 2019. Thus, China is considered the most important export partner that Indonesia has. The other top export partners that Indonesia has are:
- China has a 16.7% share ($27.9 billion) of the market,
- The United States has a 10.7% share ($17.8 billion) of the market,
- Japan has a 9.5% ($16 Billion) share of the market, and so on.
Indonesia exports thus reveal that Indonesia exports to China the same two leading commodities over which China relies on has made China the top exporting partner of the country. As a result, according to Indonesian custom statistics, demand for these items in China is at an all-time high.
Conclusion
Thus, by analyzing these trade data statistics of Indonesia, businessmen or traders can easily have an evaluation of supplier or buyer and their activities. Other than that they can even find a sales prospectus along with the major and minor rivals present in the trading activities and can perform deep research on the Indonesian market.
Source Url : https://indonesiatradedatas.blogspot.com/2021/07/get-list-of-international-traders-from.html
Seairexim Export Import Data 