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Indonesia recorded imports from Ecuador worth US$205.68 million as of December 2023. This figure represents a 26.03% increase compared to the previous year's imports, which totaled US$163.19 million.
Indonesia's trade record with Ecuador 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 Ecuador, 43 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 18 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 Ecuador. This list is ordered from highest to lowest transaction value.
- Cocoa and cocoa preparations
- Manufactured tobacco and tobacco substitutes
- Live trees and other plants
- Fish and crustaceans, molluscs and other aquatic invertebrates
- Nuclear reactors, boilers, machinery and mechanical appliances
In the Trademap classification, cocoa and cocoa preparations fall under HS code 18. Imports of this product from Ecuador rank first. Indonesia imported US$193.76 million worth of this product from Ecuador. This represents an increase compared to the previous period, which recorded US$146.52 million.
Falling under HS code 24, manufactured tobacco and tobacco substitutes are a group of imported goods categorized together with products, whether or not containing nicotine. Indonesia imported US$8.82 million worth of these products from Ecuador.
Falling under HS code 06, live trees and other plants are a group of imported goods categorized together with tubers, roots and the like, and cut flowers and foliage. Indonesia imported US$1.36 million worth. Ecuador is currently the largest supplier of live trees and other plants to Indonesia. Besides Ecuador, the five largest sources of these imports for Indonesia are the Netherlands, Colombia, Italy, and Germany.
Indonesia imports a significant amount of fish and crustaceans, molluscs and other aquatic invertebrates from Ecuador. Imports of this product totaled US$0.86 million. This is an increase compared to the previous period, which recorded US$766,000. Ecuador is currently the largest supplier of fish and crustaceans, molluscs and other aquatic invertebrates to Indonesia. Besides Ecuador, the five largest sources of these imports for Indonesia are Norway, China, Chile, and Vietnam.
This product is sourced from a single country. Ecuador is the largest supplier of nuclear reactors, boilers, machinery and mechanical appliances to Indonesia. In 2023, Indonesia imported US$0.48 million worth. Other countries among the top five suppliers of this imported product to Indonesia are China, Germany, the United States, Japan, and Italy.
"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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