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Indonesia recorded imports from Malta totaling US$29.91 million as of December 2023. This figure represents a 2,806.41% increase compared to the previous year's imports, which were recorded at US$1.03 million.
Indonesia's trade record with Malta shows an upward trend in imports over the past 10 years. The lowest import value was US$0.96 million, while the highest reached US$90.38 million.
Of the 97 products (two-digit HS codes) imported from Malta, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 17 main products from this country annually. This indicates a significant dependence on these imported products. The remaining products are largely imported from other countries as well.
The following is a list of the top five products imported by Indonesia from Malta, ordered from highest to lowest transaction value:
1. Mineral fuels, mineral oils and products of their distillation
Falling under HS code 27, mineral fuels, mineral oils and products of their distillation are a group of imported goods categorized together with bituminous substances and mineral waxes. Imports of this product from Malta rank first, with Indonesia importing US$27.75 million. In the previous year, Indonesia recorded no imports from this country.
2. Residues and waste from the food industry
Falling under HS code 23, residues and waste from the food industry are a group of imported goods categorized together with prepared animal feeds. Indonesia imported US$0.73 million.
3. Machinery and electrical equipment and parts
Indonesia imports a significant amount of machinery and electrical equipment and parts from Malta. Imports of this product totaled US$0.67 million, an increase compared to the previous period's US$379,000. Indonesia is recorded as importing this product from one country. Imports of machinery and electrical equipment and parts from Malta are recorded as the largest. Other countries among the top five suppliers of this imported product to Indonesia are China, Hong Kong, China, Taipei, China, the United States, and Germany.
4. Nuclear reactors, boilers, machinery and mechanical appliances
Imports of nuclear reactors, boilers, machinery and mechanical appliances from Malta are currently the largest. Indonesia imported US$0.28 million from this country. Other countries that are major suppliers of nuclear reactors, boilers, machinery and mechanical appliances are China, Germany, the United States, Japan, and Italy.
5. Rubber
Next is rubber, with HS code 40. Indonesia imported US$0.18 million. Besides Malta, Indonesia also relies on rubber imports from China, Germany, Thailand, the United States, and Japan. In addition to these main countries, Indonesia is recorded as importing this product from four other countries.
"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."
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