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Indonesia recorded imports from Venezuela worth US$20.39 million as of December 2023. This figure represents an 85.41% increase compared to the previous year's imports, which totaled US$11 million.
Indonesia's trade record with Venezuela shows an upward trend in imports over the past 10 years. 2023 marked a historical record with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from Venezuela, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 10 main products annually from this country. This indicates a significant dependence on these imported products. The remaining imports consist largely of products also imported from other countries.
The following is a list of the top five products imported by Indonesia from Venezuela, ordered from highest to lowest transaction value.
- Edible vegetables and certain roots and tubers
- Cocoa and cocoa preparations
- Aluminum
- Inorganic chemicals
- Edible fruits and nuts
Indonesia imported a significant amount of edible vegetables and certain roots and tubers, categorized under HS code 07 in the Trademap classification. In 2023, Indonesia imported US$15.14 million worth of these products. This represents an increase compared to the previous period, which recorded US$3,686 thousand.
Indonesia's second largest import from Venezuela was cocoa and cocoa preparations, totaling US$3.53 million in 2023. This is lower than the previous period, which reached US$6,395 thousand.
Aluminum imports from Venezuela were the largest. In 2023, Indonesia imported US$1.66 million worth of aluminum. Other top five suppliers of this product to Indonesia include China, Germany, the United States, Canada, and Italy.
Indonesia also imported US$28 thousand worth of inorganic chemicals from Venezuela. No imports were recorded from Venezuela in the previous year. Venezuela was the largest supplier of this product to Indonesia. Other top five suppliers include China, Korea, the Republic of (presumably a typo, needs clarification), the United States, Germany, and Chile.
Imports of edible fruits and nuts from Venezuela were also significant. Indonesia imported US$25 thousand worth of these products. Other major suppliers of edible fruits and nuts include the United States, Spain, Mexico, the Netherlands, and Vietnam.
"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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