Indonesia Imported the Most Mineral Fuels from Kazakhstan in 2023
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Indonesia recorded imports from Kazakhstan worth US$232.9 million as of December 2023. This value decreased by 60.22% compared to the previous year's imports, which were recorded at US$585.48 million.
Indonesia's trade record with Kazakhstan shows an upward trend in imports over the past 10 years. The lowest Indonesian import value was US$13.77 million, while the highest was US$585.48 million.
Of the 97 products (two-digit HS codes) imported from Kazakhstan, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 15 main products annually from this country. This indicates a significant dependence on these imported products. The remaining products are mostly imported from other countries as well.
The following is a list of the five main products imported by Indonesia from Kazakhstan, ordered from highest to lowest transaction value:
1. Mineral fuels, mineral oils and products of their distillation
Indonesia imported a significant amount of mineral fuels, mineral oils, and products of their distillation. In the Trademap classification, these fall under HS code 27. This product category is grouped with bituminous substances and mineral waxes.
In 2023, Indonesia imported US$155.84 million worth of these products. This is lower than the previous period's US$280.67 million.
2. Iron and steel
In the Trademap classification, iron and steel fall under HS code 72. Indonesia imported US$67.41 million worth of these products.
3. Zinc
Other imports included zinc, totaling US$6.58 million. In the previous year, Indonesia did not record any zinc imports from Kazakhstan. Besides Kazakhstan, Indonesia also relies on zinc imports from South Korea, Belgium, the Netherlands, Spain, and Canada. In addition to these main countries, Indonesia imported this product from four other countries.
4. Salt
Falling under HS code 25, salt is categorized with sulfur, earth and stone, plastering materials, lime and cement. Indonesia imported US$1.74 million worth of salt from Kazakhstan. Trademap data shows that Indonesia imports salt from four countries. Imports from Kazakhstan were the largest. The five other countries that are sources of salt imports are China, Turkey, the United States, Germany, and India.
5. Aluminum
This product was sourced from one country. Imports of aluminum from Kazakhstan were the largest. In 2023, Indonesia recorded imports totaling US$1.24 million. The five other countries that are sources of aluminum imports are China, Germany, the United States, Canada, 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."
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