The unprecedented turmoil caused due to the pandemic has thrown many international players out of gear. However, as it is correctly said that every cloud has a silver lining, imports of Indonesia have shown a great surge.

As per the Indonesia Import Data, the imports of the country have shown a 68.68 percent hike from the last year. The credit goes to the dynamic policies created by the Indonesian leaders to advance its economy and prepare for a strong post-crisis emergence. The imports growth in the month of May was the strongest.

The data also reveals that Indonesia’s imports increase the most in near 3 years. The main imports of the country are oil & gas, nuclear reactions, boilers, mechanical appliances, iron and steel, organic chemical materials, and vehicles.

Imports of Indonesia grew exceptionally in March 2021, both month on month and year on year basis registering a noteworthy increase. From February 2021, Indonesian imports have grown positively. This positive rise in imports in March 2021 is due to the utilization of goods.

The imports of consumer goods also increased 15.51% month on month and 13.40% year on year.

A high increase was recorded in the imports of several consumer goods such as vaccines from China, milk and powdered form from New Zealand, raw sugar from India, AC machines from Thailand, and mandarin oranges from China.

Similarly, as per the Philippines Export Data, the merchandise imports of the country have jumped 72.1% both rising at their fastest pace in more than a decade. Exports in May were valued at US$5.89 billion while imports totaled US$8.65 billion, yielding a trade deficit of US$2.76 billion.

The trade recovery in both Indonesia and the Philippines is due to well-planned strategies of the government to pull their economies from the dreadful situation caused due to the covid-19 pandemic.

China remains to be the top trading partner of the Philippines. With both imports and exports growing the total trade of the Philippines in goods has increased by 22.5% to $15.78 billion. Out of the total international trade, 57.6% of goods were imported and the rest were exported.

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