Indonesia's mineral fuel imports from Colombia fall to US$14.06 million
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Indonesia recorded imports from Colombia totaling US$24.07 million as of December 2023. This figure represents a 49.84% decrease compared to the previous year's imports of US$47.98 million.
Over the past 10 years, Indonesia's trade record with Colombia shows an upward trend in imports. The lowest import value was US$6.05 million, while the highest reached US$47.98 million.
Of the 97 products (two-digit HS codes) imported from Colombia, 41 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 35 main products annually from this country. This indicates a significant 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 Colombia, ordered from highest to lowest transaction value.
1. Mineral fuels, mineral oils and products of their distillation
Indonesia imports a significant amount of mineral fuels, mineral oils, and products of their distillation. In the Trademap classification, these fall under HS code 27. This product category is grouped with bituminous substances and mineral waxes.
In 2023, Indonesia imported US$14.06 million worth of these products. This is lower than the previous period's US$34.95 million.
2. Other chemical products
Second, Indonesia's largest imports are other chemical products. Imports from Colombia in 2023 totaled US$2.98 million, lower than the previous period's US$3.041 million.
3. Organic chemicals
Third is organic chemicals, under HS code 29. Indonesia imported US$2.53 million worth of these products from Colombia. Trademap data shows that Indonesia imports organic chemicals from four countries. Imports from Colombia are the largest. The other five main sources of organic chemical imports are China, the United States, Ireland, Switzerland, and Belgium.
4. Pharmaceutical products
Indonesia imports a significant amount of pharmaceutical products from Colombia, totaling US$1.62 million. This is lower than the previous period's US$2.16 million. Besides Colombia, Indonesia also relies on pharmaceutical imports from Germany, Switzerland, the United States, Belgium, and Ireland. In addition to these main countries, Indonesia imports these products from four other countries.
5. Coffee, tea, maté, and spices
Currently, imports of coffee, tea, maté, and spices from Colombia are the largest. Indonesia imported US$0.77 million worth of these products. Other major sources of coffee, tea, maté, and spice imports are Brazil, Vietnam, India, Germany, and China.
"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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