What Are The Strategies Indonesia Uses For Its Global Trade

Indonesia import-export data that we provide is a powerful tool that helps you discover new potential business opportunities in the global trade market.

The Indonesia import-export data we provide also help you meet new potential and active buyers and suppliers in the overseas market.

The customs import-export data that Exim Trade Data provides consist of the latest trends and demands of the foreign trade market that help our clients to evaluate the overall demand and activities of various foreign countries across the globe.

To ensure that the data we provide is 100% genuine, authentic, and reliable we source data from various authorized sources of links such as Authorized Customs Departments, Logistics & Shipping Companies, Trade Associations, Port Authorities, Government Bodies, and some other authoritative links.

Year-wise Import-Export Value of Indonesia 

● In 2018, the total import of Indonesia was recorded at $189 billion.

● In 2019, the total import of Indonesia was recorded at $171 billion.

● In 2018, the total export of Indonesia was recorded at $180 billion.

● In 2019, the total export of Indonesia was recorded at $168 billion.

Current Trade Stats of Indonesia 2021

➢ Trade Balance of Indonesia in Oct 2021: $5733.10 million

➢ Total Imports of Indonesia in Oct 2021: $16293.10 million

➢ Total Exports of Indonesia in Oct 2021: $22026.20 million

➢ Current Account: $4474 million

What are the top 10 Imports of Indonesia?

Based on market research reports and Indonesia import data, Machinery & Computers $21.8 billion (15.4%), Mineral Oils & Fuels $15.8 billion (11.1%), Electrical Machinery & Equipment $19.1 billion (13.5%), Steel & Iron $6.9 billion (4.8%), Plastics & Articles of Plastics $7.2 billion (5.1%), Animal Fodder & Food Industry Waste $2.9 billion (2.1%), Vehicles $4.4 billion (3.1%), Organic Chemicals $5 billion (3.5%), Vehicles $4.4 billion (3.1%),  and Other Chemical Goods $3 billion (2.1%) were the top imported products of Indonesia according to Indonesia import statistics.

Indonesia customs import-export trade data that we offer covers important details such as the Names of importer & exporter, date, product description, address of importer & exporter, shipment & consignment details, mode of transport, unit, rates, quantity, value, weight, HS Code, foreign county, etc.

What Are The Top Import Trade Partners of Indonesia?

Based on market research data and Indonesia import data, China $31.8 billion (19.5%), United States $18.7 billion (11.4%), Japan $13.7 billion (8.4%), Singapore $10.7 billion (6.6%), India $10.4 billion (6.4%), South Korea $6.5 billion  (4%), Philippines $5.9 billion (3.6%), Thailand $5.1 billion (3.1%), Vietnam $4.9 billion (3%), Malaysia $8.1 billion (5%) were the top import trading partners of Indonesia as per Indonesia import data 2020 and Indonesia import statistics.

The marketing strategy that Exim provides helps you obtain exclusive statistics and information on exporters and importers from the overseas market.

Indonesia import-export data help you track and monitor the trading activities of your potential competitors across international borders.

For more info on any global country, you can visit our official website and ask for free sample data or even book a free demo to get the overall overview of your trade business.

Impact Of Import And Export On The Economy & Its Interesting Facts

 As we all know and are very well aware of the fact that trading is one of the most valuable assets of the world economy. The process of selling and buying products and services on a bigger scale is called trading.

But when we trade products, services, and commodities in the international market, the term importing and exporting is used for selling and buying services and goods.

The process of buying services or products from foreign countries for domestic consumers is called Global importing.

Whereas the process of selling domestic services and products to foreign consumers is called Global Exporting.

The global export and import of services and products facilitate consumers and buyers from all around the globe to buy foreign or international products in their domestic markets.

International trade provides a wide range of products and services for the domestic consumer to choose from.

The international exports and imports can cause a pattern shift in the market economy of every country. If the imports of services and goods of a country exceed its exports, then there are chances of the country to lose its trade balance.

The economic background of a country is called a trade deficit.  Trade deficit occurs when the value of imported goods of a country is greater than the value of goods it exported.

Trade deficit will negatively affect the market of a country. Whereas, if a country exports more than it imports, then the net exports would be positive. This economic condition is known as trade surplus.

The trade deficit will lead a country to deprive the value of its currency, which is often known as devaluation. Devaluation is one of the biggest and most significant factors used for measuring the economic performance of a country.

A trade surplus of an economy can offer opportunities like employment as it requires more products to export. Resulting and creating demand for workers in the market as more people are needed to carry out the work, and to keep the factories running.

EFFECT ON EXCHANGE RATE

The relation between a country’s export- imports and its exchange rate are complex as there is a constant feedback loop between global trade and the way a country's currency is being valued.

The exchange rate has an effect on the trade deficit or surplus, which in turn affects the exchange rate of a country.

An increase in the level of imports leads to the outflow of funds. Imports of machinery and equipment indicate that the economy of the domestic country is growing as it increases the productivity of a country.

If a country imports services and goods more than it exports, it would make a negative impression on the exchange rate and on the value of the domestic currency.

Decreased domestic currency rate makes imports more expensive and provokes the level of export. Whereas, a higher exchange rate slows down exports and makes imports cheaper. 

There are possibilities of countries trying to devalue their currencies to stimulate and increase their international exports to gain an advantage over global trade. This practice is known as competitive devaluation.

A competitive devaluation is a man-made economic condition that refers to the strategic and comprehensive devaluation of the domestic currency to increase the volume of its exports.

EFFECT ON INFLATION

Inflation stands for the increase in the general price level of services and commodities in an economy over a time period. The import-export level of a country is highly influenced by inflation.

The money supply in the economy will increase when the interest rates are low. Higher inflation means a higher inflation rate and higher chances of having an increase in the level of imports as it encourages domestic people to become more competitive to purchase imported services and products.

If the price of services and goods are high, then the government will increase the interest rates to get a hold on the money supply in the economy to bring down the increasing prices of the services and goods.

Consumer spending decreases when the inflation is high as it increases the price of services and goods in the market.

Likewise, high inflation results in a decrease in imports, as consumers don’t have money to purchase international goods anymore. They would instead depend on domestic goods.

Consequently, we can state that the high inflation of a country decreases the exports of another country. 

When the inflation is high, which indicates that the consumer spending is low on international products but adequately good on domestic products, resulting in the increasing demand for domestic products.

ECONOMIC REPORTS

The best source of information data to track imports-exports of a country is the merchandise trade balance report. These reports are released consistently by most of the major countries on a monthly basis.

These reports contain analytical researched data full of information including details on the largest product categories for exports and imports, the biggest trading partners, and trends over time.

CONCLUSION

Import and export play an important role in strengthening the economy of a country.

 In the above article, I’ve provided you with some of the fundamentals of the impact of import and export on the economy and its major facts. If you have any doubt regarding import-export trade, you can connect with us at  info@eximtradedata.com as we provide solutions for your import-export business.

 

Getting To Know Global Import-Export Trade Business With EXiM Trade Data

 Market research and market analysis have become an essential and crucial part of every economic life. In today’s date, almost every kind of item can be found in the global market such as clothes, food, spare parts, jewelry, currencies, and so on at cheap and reasonable rates.

The customs data that EXiM provides is based on consignment information that includes essential and crucial details such as the name of the company, description of products, etc.

This information plays a vital role in getting insight into the vast import-export market and trade business on an international level.

The data EXiM provides is sourced from information such as import-export bills, shipping bills, invoices, and some other import-export documents that are essential to do import-export trade business across international borders.

To help take their business on a greater and higher level, our team of experts sources relevant data from transaction reports providing useful insight into the global import-export market to our clients in real-time. Giving potential opportunities to our clients to form a better, reliable, and more effective trade strategy for their business.

Looking IntoIndonesia Import Data

The total import value of Indonesia for the years 2019 & 2018 is estimated at $171 billion USD and $189 billion USD respectively.

As per Indonesia import data, we can see a decline of 9% which is $17.4 billion in the total imports value of Indonesia. Based on Indonesia trade data, industrial machinery & parts are the major imports of this country.

EXiM you can get free sample data for Indonesia trade statistics or if you want, you can also ask for a live demo session on EXiM Trade Data or can connect to us directly at info@eximtradedata.com

The customs data that EXiM provides converse several essential fields of Indonesia shipment data.

Tanzania Import Data & Its Trade Statistics

The country is situated in East Africa and in terms of global imports, the country is at 112 positions.

In the year 2019, the total value of Tanzania imports is estimated at $11 billion USD as per Tanzania import data.

Market research reports of Tanzania show that iron & steel, pharma products, motor vehicles & parts, plastics, chemical products, fats & oils, mineral fuels & oils are some of the main imports of the country.

EXiM custom import data provide complete transparency into the nation's import activities.

The custom data that EXiM provides gives you a full perspective of the nation's import trade business and market and also assists you to track top competitors’ activities, identify potential industries, find potential business partners, etc.

Brazil Export Data

In the year 2020, Brazil was at the 27th position in terms of global exports. Market research and analysis reports, in the year 2020, the total value of Brazil’s export was estimated at $209.8 billion US dollars which is comparatively down by -6.3% compared to 2019.

Landing data bill of Brazil shows that in Latin America Brazil is the largest economy, 9th largest economy in the world, and 8th largest in power parity purchase.

As per the market research reports and Brazil export data, Iron & Steel, Slag & Ash, Mineral Fuels & Oils, Meat, Ores, Sugar are some of the main exports of the country.

According to Brazil’s export statistics, the Netherlands, the United States, Canada, Argentina, and China are some of the top export partners of this country.

CONCLUSION

If you are someone new in the industry of import and export and need guidance or assistance regarding import-export business, you can connect with us at  info@eximtradedata.com as we provide digitally analyzed marketing researched import-export data that help you understand the current trend and flow of the market. We provide in-depth authentic import-export data that help you enhance, attract and target potential markets for your services and products.