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Indonesia recorded imports from Guinea totaling US$70.44 million as of December 2023. This figure represents a 141.04% increase compared to the previous year's imports, which were recorded at US$29.22 million.
Indonesia's trade record with Guinea shows an upward trend in imports over the past 10 years. 2023 marks a historical record with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from Guinea, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports six main products from this country annually. This indicates a significant dependence on these imported products. The majority of other imported products are also commonly imported from other countries.
The following is a list of the top five products Indonesia imported from Guinea, ordered from highest to lowest transaction value:
1. Cocoa and cocoa preparations
Cocoa and cocoa preparations, categorized under HS code 18, were the top import from Guinea. Indonesia imported US$70.41 million worth of these products. This represents an increase compared to the previous period, which recorded US$29,216,000.
2. Nuclear reactors, boilers, machinery and mechanical appliances
Falling under HS code 84, nuclear reactors, boilers, machinery and mechanical appliances are a group of imported goods categorized together with parts. Indonesia imported US$11,000 worth of these products.
3. Rubber
Indonesia also imported a significant amount of rubber from Guinea. The value of these imports in 2023 was US$7,000. In the previous year, Indonesia recorded no imports from Guinea for this product. Trademap data shows that Indonesia imports rubber from four countries. Imports from Guinea were the largest. Other countries among the top five suppliers of this import to Indonesia are China, Germany, Thailand, the United States, and Japan.
4. Printed books, newspapers, pictures, and other products of the printing industry
Imports of printed books, newspapers, pictures, and other products of the printing industry totaled US$2,000. In the previous year, Indonesia recorded no imports from Guinea for this product. Imports of these products from Guinea were the largest. Other countries among the top five suppliers of this import to Indonesia are the United States, China, Germany, the United Arab Emirates, and the United Kingdom.
5. Electrical machinery and equipment and parts
Imports of electrical machinery and equipment and parts from Guinea were the largest. In 2023, Indonesia recorded imports worth US$2,000. Other countries among the top five suppliers of this import to Indonesia are China, Hong Kong, China, Taipei, China, the United States, and Germany.
"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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