Indonesia recorded imports from Kuwait totaling US$291.86 million as of December 2020. This figure represents a 5.33% decrease compared to the previous year's imports of US$308.28 million.
Indonesia's trade record with Kuwait shows a significant decrease in imports over the past 10 years. The lowest import value was US$266.62 million, while the highest reached US$2.18 billion.
Of the 97 products (two-digit HS codes) imported from Kuwait, 0.03 thousand products were worth more than one billion dollars. Most imported products from Kuwait are also imported from other countries, totaling 0.02 thousand products.
The following is a list of the top five products imported by Indonesia from Kuwait, ordered from highest to lowest transaction value:
1. Mineral fuels, mineral oils and products of their distillation
Under HS code 27, mineral fuels, mineral oils and products of their distillation are categorized together with bituminous substances and mineral waxes. Imports of this product from Kuwait ranked first. Indonesia imported US$236.18 million worth of these products from Kuwait. This is lower than the previous period's US$278.62 million.
2. Iron and steel
Iron and steel, under HS code 72, were imported for a value of US$20,781 thousand.
3. Plastics and articles thereof
Indonesia also imported a significant amount of plastics and articles thereof from Kuwait, ranking third. Imports in 2020 totaled US$16,667 thousand, lower than the previous period's US$21,161 thousand. Trademap data shows Indonesia imports plastics and articles thereof from 105 countries. Imports from Kuwait ranked 23rd. Other top five suppliers include China, Singapore, Thailand, South Korea, and Malaysia.
4. Organic chemicals
Indonesia also imported a significant amount of organic chemicals from Kuwait. Imports in 2020 totaled US$16,077 thousand. There were no recorded imports from Kuwait in the previous year. Kuwait ranked 25th as a supplier of organic chemicals to Indonesia. The top five countries supplying organic chemicals are China, Singapore, India, Malaysia, and Thailand.
5. Glass and glassware
This product was sourced from 74 countries. Kuwait ranked 20th as a supplier. In 2020, Indonesia imported US$1,147 thousand worth of glass and glassware. The top five countries supplying glass and glassware are China, Malaysia, Thailand, Vietnam, and Taipei, China.