Image Source : https://economictimes.indiatimes.com
Who doesn't know about imports? Almost all countries carry out this activity, starting from importing goods that are often encountered on a daily basis such as shoes, clothes, pants to industrial goods such as iron, steel, plastic and even machinery and even mechanical equipment, not only goo. Non - oil imports also includes oil and gas.
Imported commodities are divided into two, namely imports of oil and gas and imports of non-oil and gas, while imports of non - oil and gas goods are further divided based on their classification. In Indonesia, the classification of export-import goods uses the HS code (HS code). HS itself stands for Harmonized System.
Badan Pusat Statistik (BPS) noted that the value of non-oil and gas imports in Indonesia increased by 48.29% from the previous year. Meanwhile, oil and gas imports experienced an annual increase of 75.94%. Here are some of Indonesia's imported commodities imported from other countries.
OIL AND GAS
Indonesia is an importer of oil and natural gas, including crude oil, oil and gas products. In November 2021, the total value of oil and gas imports reached US$3.02 billion.
The value of oil and gas imports will increase if the price of crude oil and gas in the international market soars. The country that imports Indonesian crude oil is Saudi Arabia.
Apart from crude oil, Indonesia is still dependent on gas imports from the Middle East. The value of gas imports reached US$479.7 million in November 2021.
NON OIL AND GAS
1. Machinery and Mechanical Equipment
The Machinery and Mechanical Equipment category dominates imports of non - oil and gas types. In November 2021, total imports of machinery and mechanical equipment amounted to US$2.63 billion.
These machines and mechanical equipment are used to support domestic industries. BPS noted that Indonesia imports machinery and equipment from China, Japan, South Korea, Thailand, Taiwan, Malaysia, Singapore, the United States, Germany, Italy, Australia, etc. This includes imports of precision machinery and motor vehicle engines (automotive). Furthermore, these automotive engines are assembled by manufacturers in Indonesia.
2. Eclectic Equipment
In addition to mechanical equipment, Indonesia also imports electrical equipment and spare parts. In November 2021, the total import value of electrical equipment reached US$2.08 billion, ranking second in the non-oil and gas import group.
3. Plastics and Plastic Products
Other goods imported by Indonesia are plastic and plastic products. In November 2021, the total import value reached US$950.3 million. Plastics are used, among others, for packaging in the food and beverage industry. Plastic raw materials are also used in the automotive industry.
4. Steel
National steel exports performed well in the first half of 2021, but rose by 93.3% year-on-year. However, steel imports also increased 51.18% to $5.36 billion. As reported by the World steel Association, global steel production in 64 countries in the first half of 2021 was 1 billion ton, a significant increase of 14% over the same period in 2020.
Use the services of Indotransjaya Nusantara to assist you in importing and exporting.