Indonesia's cotton imports from Paraguay fall to US$4.73 million

Indonesia recorded US$6.07 million in imports from Paraguay as of December 2023. This figure represents an 89.24% decrease compared to the previous year's imports, which totaled US$56.4 million.

Indonesia's trade record with Paraguay shows a significant reduction in imports over the past 10 years. The lowest import value was US$6.07 million, while the highest reached US$91.62 million.

Of the 97 products (two-digit HS codes) imported from Paraguay, 40 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 13 main products annually from this country. This indicates a considerable 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 Paraguay, ordered from highest to lowest transaction value.

1. Cotton



Cotton, under HS code 52, is the top import from Paraguay. Indonesia imported US$4.73 million worth of cotton. This is lower than the previous period's US$5.535 million.


2. Oil seeds and oleaginous fruits



Under HS code 12, oil seeds and oleaginous fruits are categorized with other seeds, grains, and fruits for industrial or medicinal use. Indonesia imported US$0.48 million worth of these products from Paraguay.


3. Raw hides and skins (other than furskins) and leather



Third is raw hides and skins (other than furskins) and leather, under HS code 41. Indonesia imported US$0.33 million, an increase compared to the previous period's US$272,000. Besides Paraguay, Indonesia also relies on imports of raw hides and skins (other than furskins) and leather from Italy, the United States, Brazil, China, and Spain. In addition to these main countries, Indonesia imported this product from 4 other countries.


4. Edible vegetables and certain roots and tubers






Indonesia imports a significant amount of edible vegetables and certain roots and tubers from Paraguay. Imports of this product totaled US$0.29 million, an increase compared to the previous period's US$245,000. Besides Paraguay, Indonesia also relies on imports of edible vegetables and certain roots and tubers from China, Mexico, the Netherlands, Spain, and Canada. In addition to these main countries, Indonesia imported this product from 4 other countries.


5. Nuclear reactors, boilers, machinery and mechanical appliances



Under HS code 84, nuclear reactors, boilers, machinery and mechanical appliances are categorized with parts. Indonesia imported US$96,000 worth of these products from Paraguay. Trademap data shows that Indonesia imports nuclear reactors, boilers, machinery and mechanical appliances from 4 countries. Imports from Paraguay are the largest. Other countries among the top five suppliers of this imported product to Indonesia are China, Germany, the United States, Japan, and Italy.