Import Globals

Indonesia based in Southeast Asia and the largest archipelago of the world, consisting of more than 17,000 islands, has recorded itself as the leading importer of organic chemicals in the international trade market. The strong industrial demand for organic chemicals, especially in textiles, automotive, electronics, pharmaceuticals, and agrochemicals, is fueled by the overall import of organic chemicals from foreign authorities. The insufficient local production capacity of specialty chemicals due to the limited domestic refining strategies has been pivotal for the increase in revenue. The rising use of pharmaceuticals and agrochemical manufacturing is due to the lack of industrial consumption of the domestic output, whereas the foreign investment in infrastructure projects has contributed to the higher import of organic chemicals. The post-pandemic realignment of global supply chains has prompted Indonesia to diversify its strategies regarding the import of organic chemicals. The incre...

The Philippines and Southeast Asia, alongside the western Pacific Ocean, sharing borders with South China, Philippine Sea, and Taiwan in the west, east, and north directions, have recorded themselves as a leading importer of rare mineral essentials in the international trade market. Philippines Export Data says that the decline in the domestic oil and gas production due to the depletion of topmost offshore gas fields like Malampaya, contributing up to 20–30% of the gas supply, has led to an increase in the import revenue. The surge in gas-fired electricity generation due to the installation of gas-fired power in new coal projects has led to an increase in the domestic oil and gas production, resulting in an increase in demand for natural gas to meet the energy needs. The accelerated LNG imports amid the transition to energy have increased the flexibility of the domestic purchases. The energy strategy and planning environment, as per the growth rate, consumer demands, and increasing tr...