Organic Chemicals Import of Indonesia: The Trade Analysis of 2024

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 increase in volumes has led to fluctuations in the trade stability, with an annual import trade value of organic chemicals worth 14 billion US dollars in 2024. Subscribe to Import Globals, Indonesia Customs Data provider, to stay updated with the overall valuation of organic chemicals imported in Indonesia via the Indonesia Export Data.

POLICY REFORMS BY THE GOVERNMENT AUTHORITIES SUPPORTING THE IMPORT OF ORGANIC CHEMICALS IN INDONESIA BY 2024

The easing of import licensing and inspection requirements implemented by the government authorities has restored the reliable access to essential industrial outputs for the sectors that are reliant on organic chemicals, thereby increasing the import revenue rate. The import duty exemptions for manufacturing inputs have granted value-added tax deferment for machinery and intermediate goods, including organic chemicals.

The strategic fiscal incentives for pioneering industries have introduced tax allowances and super deductions for R&D and vocational training activities. This has incentivized the import of key inputs for large-scale investments. The government authorities have been operating in special economic zones and industrial parks. The Provincial Customs Treatment has led to subsidized imports of specific necessities with reduced cost for imported organic chemicals.

THE LEADING VARIANTS OF ORGANIC CHEMICALS IMPORTED IN INDONESIA IN 2024

Indonesia, with its growth rate in consumer-based demands regarding organic chemicals, has recorded diversification in the imports. According to the Indonesia Import Data, the top 10 leading variants of organic chemicals imported in the nation in 2024 are,

  • Methanol — The annual valuation of Methanol imported in Indonesia in 2024–6.54 billion US dollars
  • Ethanol — The annual valuation of Ethanol imported in Indonesia in 2024–4.78 billion US dollars
  • Acetone — The annual valuation of Acetone imported in Indonesia in 2024–4.21 billion US dollars
  • Benzene — The annual valuation of Benzene imported in Indonesia in 2024–3.29 billion US dollars
  • Toluene — The annual valuation of Toluene imported in Indonesia in 2024–2.87 billion US dollars
  • Xylene — The annual valuation of Xylene imported in Indonesia in 2024–2.21 billion US dollars
  • Acetic acid — The annual valuation of Acetic acid imported in Indonesia in 2024–1.87 billion US dollars
  • Formaldehyde — The annual valuation of Formaldehyde imported in Indonesia in 2024–1.65 billion US dollars
  • Ethylene glycol– The annual valuation of Ethylene glycol imported in Indonesia in 2024–1.22 billion US dollars
  • Propylene glycol– The annual valuation of Propylene glycol imported in Indonesia in 2024–1 billion US dollars

TOP 10 IMPORT TRADE PARTNERS OF INDONESIA IN 2024

Indonesia, with its strong command over global trade and suitable bilateral relationships with nearby nations, has maintained stability in the import of organic chemicals. As per the Indonesia Customs Data, the top 10 import trade partners of the nation for organic chemicals in 2024 are

  • China — The total valuation of organic chemicals imported in Indonesia from China in 2024–6.21 billion US dollars

Top 5 variants of organic chemicals imported

1. Methane

2. Ethane

3. Propane

4. Butane

5. Pentane

  • Singapore — The total valuation of organic chemicals imported in Indonesia from Singapore in 2024–5.43 billion US dollars

Top 5 variants of organic chemicals imported

1. Hexane

2. Heptane

3. Octane

4. Nonane

5. Decane

  • Japan — The total valuation of organic chemicals imported in Indonesia from Japan in 2024–3.21 billion US dollars

Top 5 variants of organic chemicals imported

1. Methanol

2. Ethanol

3. Propanol

4. Butanol

5. Pentanol

  • United States — The total valuation of organic chemicals imported in Indonesia from United States in 2024–2.78 billion US dollars

Top 5 variants of organic chemicals imported

1. Acetone

2. Formaldehyde

3. Acetaldehyde

4. Acetic acid

5. Formic acid

  • Malaysia — The total valuation of organic chemicals imported in Indonesia from Malaysia in 2024 –2.27 billion US dollars

Top 5 variants of organic chemicals imported

1. Citric acid

2. Oxalic acid

3. Benzoic acid

4. Toluene

5. Benzene

  • South Korea — The total valuation of organic chemicals imported in Indonesia from South Korea in 2024–1.89 billion US dollars

Top 5 variants of organic chemicals imported

1. Xylene

2. Styrene

3. Phenol

4. Aniline

5. Nitrobenzene

  • Thailand — The total valuation of organic chemicals imported in Indonesia from Thailand in 2024–1.45 billion US dollars

Top 5 variants of organic chemicals imported

1. Ethylene

2. Propylene

3. Butadiene

4. Isoprene

5. Cyclohexane

  • Australia — The total valuation of organic chemicals imported in Indonesia from Australia in 2024–1 billion US dollars

Top 5 variants of organic chemicals imported

1. Naphthalene

2. Anthracene

3. Methanoic acid

4. Lactic acid

5. Succinic acid

  • India — The total valuation of organic chemicals imported in Indonesia from India in 2024–800 million US dollars

Top 5 variants of organic chemicals imported

1. Fumaric acid

2. Maleic acid

3. Adipic acid

4. Glutaric acid

5. Malonic acid

  • Vietnam — The total valuation of organic chemicals imported in Indonesia from Vietnam in 2024–690 million US dollars

Top 5 variants of organic chemicals imported

1. Thiourea

2. Acetonitrile

3. Acrylonitrile

4. Vinyl chloride

5. Chloroform

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