Indonesia's Import Patterns: Dominance of Non-Oil and Gas Products from China and Positive Developments from Other Countries in June 2024
Jakarta, INTI - In June 2024, Indonesia recorded an interesting trend in the non-oil and gas processing industry import sector, where most imported products were still dominated by China. Other major source countries included Japan, Singapore, Thailand, and South Korea.
Year-on-year, imports from China increased by 9.81%, reflecting Indonesia's growing dependence on products made in that country. However, imports from Japan saw a sharp decline of 19.47%, which could indicate changes in preferences or trade strategies by industry players in Indonesia. On the other hand, Singapore recorded a significant increase of 68.85%, making it one of the countries with the highest import growth in Indonesia. Imports from Thailand rose slightly by 1.22%, while South Korea experienced a 12.07% decrease in imports.
Beyond these countries, there were notable developments from other countries that recorded significant month-to-month import growth in June 2024. France, for instance, recorded a 144.20% growth in imports, followed by Oman with 43.62%, and Argentina with 38.60%.
Further breakdown reveals that the three types of non-oil and gas processing industries that were the main sources of imports from France in June 2024 were the Computer, Electronic and Optical Products Industry; the Chemical and Chemical Products Industry; and the Electrical Equipment Industry. Meanwhile, the largest imports from Oman were dominated by the Basic Metal Industry, Chemical and Chemical Products Industry, and Non-Metallic Mineral Products Industry. From Argentina, the three industries with the largest imports were the Food Industry, Basic Metal Industry, and the Pharmaceutical, Chemical, and Traditional Medicine Products Industry.
These movements suggest that although China remains a dominant player in Indonesia's international trade, other countries are beginning to show significant increases in their contributions to Indonesia's import market. As such, this is a sign for industry players to explore the opportunities available in these countries and strengthen existing trade relationships to maximize the potential for international trade.
Related News
Digital Spark Challenge 2024: Indon ...
2 hari yang lalu
Indonesia and Australia Join Forces ...
2 hari yang lalu
Popular News
-
#1
Here's the List of Countries with the Most Hackers
3 bulan yang lalu -
#2
The Dark Side of AI: The Potential Risks of Artifi
1 tahun yang lalu -
#3
The Future of AI: Opportunities and Challenges for
1 tahun yang lalu -
#4
Indonesia's Garment and Textile Industry: Facing C
1 tahun yang lalu -
#5
Indonesia's Comprehensive Trade Event for Industry
8 bulan yang lalu Ad
Ad