Indonesia's Fertilizer Imports from Laos Increase to US$ 162,723,000

Indonesia recorded imports from Laos totaling US$167,607 thousand as of December 2022. This figure represents a 341.45% increase compared to the previous year's imports, which were recorded at US$37,967 thousand.

Indonesia's trade record with Laos shows an upward trend in imports over the past 10 years. 2022 marked a historical record with the highest import value ever recorded.

Of the 97 products (two-digit HS codes) imported from Laos, 39 products were valued at over one billion dollars. Most of the imported products from Laos are also imported from other countries, with 12 products falling into this category.

The following is a list of the top five products imported by Indonesia from Laos, ordered from highest to lowest transaction value:

1. Fertilizers: Classified under HS code 31 in Trademap, fertilizer imports from Laos ranked first. Indonesia imported US$162,723 thousand worth of fertilizers, an increase compared to the previous period's US$33,778 thousand.

2. Electrical machinery, equipment, and parts: Second on the list, Indonesia's largest imports were electrical machinery, equipment, and parts. Imports from Laos in 2022 totaled US$1,931 thousand, lower than the previous period's US$3,524 thousand.

3. Wood pulp or other fibrous cellulosic materials: Indonesia imported a significant amount of wood pulp or other fibrous cellulosic materials from Laos, valued at US$1,533 thousand. There were no recorded imports of this product from Laos in the previous year. Besides Laos, Indonesia also imports wood pulp or other fibrous cellulosic materials from the United States, Canada, New Zealand, the United Kingdom, and Italy. In addition to these major countries, Indonesia imported this product from 36 other countries.

4. Manufactured tobacco and tobacco substitutes: Falling under HS code 24, manufactured tobacco and tobacco substitutes (whether or not containing nicotine) were categorized together. Indonesia imported US$701 thousand, up from US$257 thousand in the previous period. This product was sourced from 63 countries. Imports of manufactured tobacco and tobacco substitutes from Laos ranked 38th. Five other major sources of manufactured tobacco and tobacco substitutes are Mali, China, Brazil, Singapore, and Zimbabwe.

5. Footwear, headgear, and the like: Indonesia also imported US$355 thousand worth of footwear, headgear, and the like from Laos. This represents an increase compared to the previous period's US$291 thousand. Trademap data shows that Indonesia imports footwear, headgear, and the like from 62 countries. Imports of footwear, headgear, and the like from Laos ranked 25th. Five other major sources of footwear, headgear, and the like are Mali, China, Vietnam, the United States, and Italy.