Indonesia's Mineral Fuel Imports from Nigeria Rise to US$4.2 Million

Indonesia recorded imports from Nigeria totaling US$4.32 billion as of December 2022. This figure represents an 111.06% increase compared to the previous year's imports, which were recorded at US$2.05 billion.

Indonesia's trade record with Nigeria 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 Nigeria, 39 products were valued at over one billion dollars. Most of the imported products from Nigeria are also imported from other countries, totaling 23 products.

The following is a list of the top five products imported by Indonesia from Nigeria, 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 tradmap classification, mineral fuels, mineral oils, and products of their distillation fall under the HS code 27. This product category is grouped with bituminous substances and mineral...

In 2022, Indonesia imported US$4.2 billion worth of these products. This represents an increase compared to the previous period, which recorded US$1.97 billion.

2. Cocoa and cocoa preparations

Cocoa and cocoa preparations (HS code 18). Indonesia imported US$105.81 million.

3. Aluminum and articles thereof

Indonesia imports this product from 70 countries. Imports of aluminum and articles thereof from Nigeria ranked 19th. In 2022, Indonesia recorded imports totaling US$14.356 million. Besides Nigeria, the largest imports of aluminum and articles thereof originate from [Country Name Omitted - "Mereka punya" requires clarification], China, the United Arab Emirates, Malaysia, and the United States.

4. Ores, slag and ash

Fourth on the list, Indonesia imported a significant amount of ores, slag, and ash from Nigeria. Imports of this product totaled US$1.173 million, an increase compared to the previous period's US$105,000. Imports of ores, slag, and ash from Nigeria ranked 21st. Besides Nigeria, the largest imports of ores, slag, and ash originate from Brazil, South Africa, India, Canada, and [Country Name Omitted - "Mereka punya" requires clarification]. Indonesia also imports this product from 49 countries.

5. Oil seeds and oleaginous fruits

Indonesia also imported US$306,000 worth of oil seeds and oleaginous fruits from Nigeria. In the previous year, Indonesia recorded no imports from Nigeria for this product. Besides Nigeria, Indonesia also relies on imports of oil seeds and oleaginous fruits from the United States, India, Canada, China, and [Country Name Omitted - "Mereka punya" requires clarification]. In addition to these main countries, Indonesia recorded imports of this product from 60 other countries.