Indonesia Imported the Most Pharmaceutical Products from Cuba in 2023
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Indonesia recorded imports from Cuba worth US$1.15 million as of December 2023. This figure represents an 11.74% increase compared to the previous year's imports, which were recorded at US$1.03 million.
Indonesia's trade record with Cuba shows a significant decrease in imports over the past 10 years. The lowest import value was US$0.43 million, while the highest reached US$60.87 million.
Of the 97 products (two-digit HS codes) imported from Cuba, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports five main products annually from this country. This indicates a considerable dependence on these imported products. The rest are mostly products also imported from other countries in large quantities.
The following is a list of the five main products imported by Indonesia from Cuba. This list is ordered from the highest to lowest transaction value.
- Pharmaceutical Products
- Manufactured Tobacco and Tobacco Substitutes
- Raw Hides and Skins (other than furskins) and Leather
- Beverages, Spirits and Vinegar
- Nuclear reactors, boilers, machinery and mechanical appliances
Pharmaceutical products with HS code 30. Imports of this product from Cuba rank first. Indonesia imported US$0.54 million worth of these products. This is lower than the previous period, which reached US$802,000.
Second, Indonesia's largest imports were manufactured tobacco and tobacco substitutes. Imports from Cuba in 2023 were recorded at US$0.44 million. This figure is higher than the previous period, which was recorded at US$150,000.
Imports of raw hides and skins (other than furskins) and leather from Cuba are currently the largest. Indonesia imported US$0.15 million worth of these products. Other major suppliers of raw hides and skins (other than furskins) and leather are Italy, the United States, Brazil, China, and Spain.
Next, Indonesia also recorded significant imports of beverages, spirits, and vinegar from Cuba. Imports of this product in 2023 were US$10,000. In the previous year, Indonesia did not record any imports from this country. This product is sourced from a single country. Imports of beverages, spirits, and vinegar from Cuba are recorded as the largest. The five other countries that are major sources of imported beverages, spirits, and vinegar are France, Italy, Mexico, the United Kingdom, and the United States.
Imports of nuclear reactors, boilers, machinery and mechanical appliances from this country are the largest. In 2023, Indonesia recorded imports of US$1,000. Other countries among the top five suppliers of these imported products to Indonesia are China, Germany, the United States, Japan, and Italy.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."