Imports to Indonesia fell 5.62 percent year-on-year to USD 14.5 billion in December 2019, compared to market consensus of a 6.3 percent drop and after a 9.24 percent decline in the previous month. Purchases of non-oil and gas shrank 7.28 percent to USD 12.37 billion, while oil and gas imports grew 5.33 percent to USD 2.13 billion, mainly led by crude oil (48.44 percent). Considering full year 2019, arrivals contracted 9.53 percent from a year earlier. Imports in Indonesia averaged 3759.20 USD Million from 1959 until 2019, reaching an all time high of 18297.15 USD Million in July of 2018 and a record low of 21 USD Million in September of 1959. source: Statistics Indonesia

Imports in Indonesia is expected to be 13700.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Indonesia to stand at 16700.00 in 12 months time. In the long-term, the Indonesia Imports is projected to trend around 17500.00 USD Million in 2020, according to our econometric models.


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Indonesia Imports

Actual Previous Highest Lowest Dates Unit Frequency
14501.30 15340.50 18297.15 21.00 1959 - 2019 USD Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 04:00 AM Sep -2.41% -15.7% -4.2%
2019-11-15 02:00 AM Oct -16.39% -2.4% -16%
2019-12-16 04:00 AM Nov -9.24% -16.46% -13.32%
2020-01-15 04:00 AM Dec -5.62% -9.24% -6.3%


News Stream
2019-12-16
Indonesia Imports Drop Less than Estimated
Imports to Indonesia tumbled 9.24 percent year-on-year to USD 15.34 billion in November 2019, compared to market expectations of a 13.32 percent fall, and after an uupwardly revised 16.46 percent drop in the previous month. Oil and gas imports slumped 25.55 percent to USD 2.13 billion, mainly led by crude oil (-22.89 percent); and purchases of non-oil and gas shrank 5.91 percent to USD 13.21 billion.

2019-11-15
Indonesia Imports Drop More than Estimated
Imports to Indonesia tumbled 16.39 percent year-on-year to USD 14.77 billion in October 2019, compared to market expectations of a 16 percent fall, and after a marginally revised 2.4 percent drop in the previous month. Oil and gas imports slumped 39.82 percent to USD 1.76 billion, mainly led by crude oil (-59.12 percent); and purchases of non-oil and gas shrank 11.75 percent to USD 13.02 billion.

2019-10-15
Indonesia Imports Drop Less than Forecasts
Imports to Indonesia shrank 2.41 percent year-on-year to USD 14.26 billion in September 2019, compared to market expectations of a 4.2 percent drop and following a marginally revised 15.74 percent fall in the previous month. Oil and gas imports slumped 30.5 percent to USD 1.59 billion, with crude oil tumbling 49.04 percent, while purchases of non-oil and gas rose 2.82 percent to USD 12.67 billion.

2019-09-16
Indonesia Imports Drop Sharply in August
Imports to Indonesia tumbled 15.60 percent year-on-year to USD 14.20 billion in August 2019, compared to market expectations of a 12.9 percent fall and after a marginally revised 15.19 percent decrease in the previous month. Oil and gas imports slumped 46.47 percent to USD 1.63 billion led by crude oil (-56.08 percent), while purchases of non-oil and gas dropped 8.77 percent to USD 12.56 billion.

2019-08-15
Indonesia Imports Drop Less than Estimated
Imports to Indonesia tumbled 15.21 percent year-on-year to USD 15.51 billion in July 2019, compared to market expectations of a 18.21 percent fall and after a downwardly revised 2 percent growth in the previous month. Purchases of non-oil and gas contracted 11.96 percent from a year earlier to USD 13.77 billion, and those of oil and gas slumped 34.29 percent to USD 1.75 billion.

2019-07-15
Indonesia Imports Rise for 1st Time in 6 Months
Imports to Indonesia increased 2.80 percent year-on-year to USD 11.58 billion in June 2019, missing market consensus of a 5 percent drop and following a downwardly revised 17.30 percent plunge in the prior month. This marked the first yearly increased in inbound shipments in six months, amid continual efforts from the government to reduce purchases and help manage the country's current account deficit. Purchases of non-oil and gas rose 8.15 percent to USD 9.87 billion while those of oil and gas contracted 19.99 percent from a year earlier to USD 1.71 billion.


Indonesia Imports
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).

Indonesia Trade Last Previous Highest Lowest Unit
Balance of Trade -28.20 -1392.90 4641.92 -2329.13 USD Million [+]
Current Account -7665.00 -8152.00 3795.00 -10125.60 USD Million [+]
Current Account to GDP -3.00 -1.60 4.80 -6.80 percent [+]
Imports 14501.30 15340.50 18297.15 21.00 USD Million [+]
Exports 14473.10 13947.60 18647.83 30.00 USD Million [+]
External Debt 395634.41 391827.59 395634.41 119594.10 USD Million [+]
Terms of Trade 106.76 105.89 117.70 77.43 points [+]
Foreign Direct Investment 105.00 104.90 112.00 35.40 IDR Trillion [+]
Remittances 2898.41 2784.40 2898.41 1202.00 USD Million [+]
Tourist Arrivals 1291117.00 1354396.00 1555346.00 548821.00 [+]
Gold Reserves 78.54 78.54 96.45 73.09 Tonnes [+]
Crude Oil Production 700.00 659.00 1720.00 659.00 BBL/D/1K [+]
Terrorism Index 5.07 4.54 6.55 3.92 [+]
Weapons Sales 15.00 94.00 94.00 1.00 USD Million [+]

Indonesia Imports by Country Last Previous
Singapore 1525.33 1556.70 USD Million Nov/19
Japan 1236.85 1446.91 USD Million Nov/19
European Union 912.56 1050.13 USD Million Oct/19
United States 783.98 814.05 USD Million Nov/19
Thailand 763.24 854.14 USD Million Nov/19
Malaysia 734.00 672.85 USD Million Nov/19
Australia 671.33 380.48 USD Million Nov/19
Vietnam 323.54 346.59 USD Million Nov/19
Germany 278.03 242.41 USD Million Nov/19
Canada 157.66 138.28 USD Million Nov/19
France 150.81 114.21 USD Million Nov/19
Italy 117.64 121.41 USD Million Nov/19
United Kingdom 98.57 77.10 USD Million Nov/19
Netherlands 76.15 78.26 USD Million Nov/19
Philippines 61.44 68.59 USD Million Nov/19
Spain 48.38 53.89 USD Million Nov/19
Sweden 40.53 34.76 USD Million Nov/19
Finland 30.40 22.77 USD Million Nov/19
Denmark 25.72 17.33 USD Million Nov/19
Austria 25.46 18.73 USD Million Nov/19

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category