Did you know that Indonesia is the 30th biggest importer of the world? There are plenty of opportunities waiting for you in this country with a consumer market made up of more than 272 million people (it is the 4th most populous country in the world).
From digital and transport infrastructures, renewable energy, health/pharmaceutical services, textiles, furniture, there are several sectors that may strengthen trade between Portugal and Indonesia.
Economic and Commercial Situation
As a highly populated nation in Southeast Asia, Indonesia has experienced significant development over the last few years. Factors such as the continuous improvement of transport infrastructures, the evolution of e-commerce and the increase of purchasing power parity have been preponderant for this growth.
In 2021, services accounted for around 46.2% of GDP, followed by industry (40.6%) and agriculture (13.2%).
Therefore, if you plan to import or export goods to Indonesia you should be aware of the bureaucratic procedures and requirements that this geography presents.
Do you know, for example, what documents are needed to import goods into Indonesia?
- Commercial invoice (signed by manufacturer/supplier);
- Packing List;
- BL (Bill of Lading);
- NIB (Business Identification Number);
- Certificate of Insurance (COI);
- HS code;
- Customs clearance of import;
- Import tariffs and taxes.
Learn more about the main products imported by Indonesia:
- Machines and Appliances (24.6% of total)
- Mineral Fuels (14.7% of total)
- Chemicals (12.4% of total)
- Base Metals (10.8% of total)
- Agricultural Products (6.6% of total)
And what documents should be presented to export goods from Indonesia?
- Commercial Invoice;
- Packing List;
- BL (Bill of Lading);
- Customs clearance of export;
- Export Declaration of Goods (PEB);
- Certificate of Insurance (COI);
- Export authorisation;
- Certificate of origin;
- Tariffs and export taxes.
Know the main products imported by Indonesia:
- Mineral Fuels (19.5% of total)
- Agricultural Products (17.9% of total)
- Base Metals (13.1% of total)
- Machines and Appliances (7.8% of total)
- Chemicals (7.0% of total)
But… the best advice we can give you is to choose a specialized logistics operator that knows the requirements and specificities of the Indonesian market.
At Olicargo you can count on the help of experts in Import and Export processes who fulfill all customs steps in accordance with legal requirements. Get in touch with us for more information!
Sources:
Câmara de Comércio. (s.d). Indonésia: Informação de Mercado. Consultado a 27 de fevereiro de 2023, em: https://www.ccip.pt/pt/o-que-fazemos/internacionalizacao/informacao-de-mercado/48-indonesia
Portugal Exporta. (2022). Mercados Internacionais: Indonésia. Consultado a 27 de fevereiro de 2023, em: https://myaicep.portugalexporta.pt/mercados-internacionais/id/indonesia?setorProduto=-1
Asean Briefing. (2021). Import and Export Procedures in Indonesia – Best Practices. Consultado a 27 de fevereiro de 2023, em: https://www.aseanbriefing.com/news/import-export-procedures-indonesia-best-practices/
InCorp. (2021). A Step-by-Step Guide to Shipping Goods into Indonesia. Consultado a 27 de fevereiro de 2023, em: https://www.cekindo.com/blog/import-to-indonesia-guide
MCGlobe. (2022). A Guide to Indonesia’s Import & Export. Consultado a 27 de fevereiro de 2023, em: https://www.mcglobe.ltd/post/a-guide-to-indonesia-s-import-export
