Indonesia's Imports of Machinery from Latvia Rise to US$14.87 Million

Indonesia recorded imports from Latvia totaling US$20.7 million as of December 2023. This figure represents a 6.13% increase compared to the previous year's imports, which were recorded at US$19.51 million.

Indonesia's trade record with Latvia shows an upward trend in imports over the past 10 years. The lowest import value was US$1.79 million, while the highest reached US$31.42 million.

Of the 97 products (two-digit HS codes) imported from Latvia, 40 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 31 main products from this country annually. This indicates a significant dependence on these imported products. The remaining products are mostly imported from other countries as well.

The following is a list of the top five products imported by Indonesia from Latvia. This list is ordered from the highest to lowest transaction value.

1. Electrical machinery, equipment, and parts

Falling under HS code 85, Electrical machinery, equipment, and parts is a product group categorized together with sound recorders and reproducers, and television. Imports of this product from Latvia rank first. Indonesia imported US$14.87 million worth of these products from Latvia. Imports of Electrical machinery, equipment, and parts; Sound recorders and reproducers, and television increased compared to the previous period, which was recorded at US$13,689,000.

2. Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus

In the Trademap classification, Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus falls under HS code 90. Indonesia imported US$2.13 million worth of these products.

3. Residues and waste from the food industry

Another imported product is Residues and waste from the food industry, valued at US$1.18 million. Imports of this product were lower than the previous period, which reached US$1,304,000. Besides Latvia, Indonesia also relies on imports of Residues and waste from the food industry from the United States, Brazil, Germany, the Netherlands, and Argentina. In addition to these main countries, Indonesia also imported this product from four other countries.

4. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof

Indonesia also imports a significant amount of Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof from Latvia. Imports of this product were valued at US$0.99 million. This figure increased compared to the previous period, which was recorded at US$854,000. Trademap data shows that Indonesia imports Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof from four other countries. Imports of Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof from Latvia are the largest. Other countries among the top five suppliers of this imported product to Indonesia are Germany, China, Japan, Mexico, and the United States.

5. Nuclear reactors, boilers, machinery and mechanical appliances

Imports of Nuclear reactors, boilers, machinery and mechanical appliances from Latvia are currently the largest. Indonesia imported US$0.39 million worth of these products from Latvia. Other countries that are major suppliers of Nuclear reactors, boilers, machinery and mechanical appliances are China, Germany, the United States, Japan, and Italy.