Importing from Indonesia

Indonesia Import Guide | Trade Finance Global

Importing from Indonesia

Imports to Indonesia fell in recent years, with purchases of non-oil products along with oil and gas showing dramatic reductions. In recent years, imports reduced almost 20% to around USD140 billion. The imports in Indonesia were on average over 3000 USD Million from 1960 until today, which hit a peak of over 17400 USD Million in mid 2013 with a record low of around 20 USD Million towards the end of 1959. The rate of growth for the Indonesian economy has been a steady 5 to 6% over the last 10 years. This shows a more stable rate than the economies of Brazil, Russia, India and China (BRIC) or Organisation for Economic Co-operation and Development (OECD) countries.

Indonesia Country Profile

Official Name (Local Language) Republik Indonesia
Capital Jakarta
Population 258,316,051
Currency Indonesian Rupiah
GDP $941 billion
Languages Bahasa Indonesia
Telephone Dial In 62

Indonesia Exports Profile

Exports ($m USD)

168,81

Number of Export Products

3,903

Number of Export Partners

216

Top 5 export partners

Country

Trade

% Partner Share

China

23,049

13.65

United States

17,81

10.55

Japan

17,791

10.54

India

14,084

8.34

Singapore

12,767

7.56

Top 5 Export Products at HS 6 digit level

Export Product

Number

Palm oil (excl. crude) and liquid fractions

11.0%

Other coal, not agglomerated, nes

10.6%

Spelt, common wheat and meslin

5.2%

Natural gas, liquefied

3.1%

Petroleum oils and oils obtained from bituminou

3.0%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Indonesia

Agriculture

%

Product List

13.7%

Rubber and similar products, palm oil, poultry, beef, forest products, shrimp, cocoa, coffee, medicinal herbs, essential oil, fish and its similar products, and spices

Industry

%

Industry List

40.3%

Petroleum and natural gas, textiles, automotive, electrical appliances, apparel, footwear, mining, cement, medical instruments and appliances, handicrafts, chemical fertilizers, plywood, rubber, processed food, jewelry, and tourism

Services

%

Services List

0,46%

Importing from Indonesia: What is trade finance?

Trade finance is a revolving facility which alternative financiers offer – it enables organisations to buy products and can help ease cashflow issues.

Often, an alternative financier will fund most of the cost of the receivables, including charges (e.g. VAT charges).

Trade finance offers added advantages over more traditional bank finance including asset finance or business loans. Trade finance provides quick funding without affecting existing bank relationships.

How does it work?
If you’re an organisation importing or exporting inventory outside of your own country, then a trade finance facility would help you to fund this through offering a letter of credit (LC) or some form of cash advance.

I’m looking to import from XXX, how can Trade Finance Global help, and how does it work?
If you are looking to import products from other international markets, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender would act as the intermediary, paying the foreign exporter on your behalf until you get the inventory and have then sold them to your buyer. Repaying the funder then happens over an agreed period of time.

Information

Importing from Indonesia? Contact our local experts

Indonesia Economic Statistics

Government Website

http://indonesia.go.id/

Sovereign Ratings

https://countryeconomy. com/ratings/indonesia

Central Bank

Bank Indonesia

Currency USD Exchange Rate

13,483

Unemployment Rate

5.6%

Population below poverty line

10.9%

Inflation Rate

0,03

Prime Lending Rate

6.37%

GDP

$941 billion

GDP Pro Capita (PPP)

$11,700

Currency Name

Indonesian Rupiah

Currency Code

IDR

World Bank Classification

Lower Middle Income

Competitive Industrial Performance

41/138

Corruption Perceptions Index

96/180

Ease of Doing Business

73/190

Enabling Trade Index

70/136

Currency in Indonesia

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