Indonesia Imported the Most Mineral Fuels from India in 2023
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Indonesia recorded US$6.67 billion in imports from India as of December 2023. This figure represents a significant 28.47% decrease compared to the previous year's imports of US$9.33 billion.
Indonesia's trade record with India shows a surge in imports over the past 10 years. The lowest import value was US$2.74 billion, while the highest reached US$9.33 billion.
Of the 97 products (two-digit HS codes) imported from India, 55 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 96 main products from India annually. This indicates a considerable dependence on these imported products. Many of the other imported products are also commonly imported from other countries.
The following is a list of the top five products imported by Indonesia from India, ordered from highest to lowest transaction value.
1. Mineral fuels, mineral oils and products of their distillation
Indonesia imported 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$966.11 million worth of these products. This is lower than the previous period's US$2.22 billion.
2. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
In the Trademap classification, vehicles other than railway or tramway rolling-stock, and parts and accessories thereof fall under HS code 87. Indonesia imported US$952.04 million worth of these products.
3. Nuclear reactors, boilers, machinery and mechanical appliances
Indonesia imported this product from India, representing the largest import source for this category. In 2023, Indonesia imported US$663.39 million worth of nuclear reactors, boilers, machinery and mechanical appliances. Other major import sources include China, Germany, the United States, Japan, and Italy.
4. Organic chemicals
Indonesia's imports of organic chemicals were primarily sourced from India, representing the largest import source for this category. In 2023, Indonesia imported US$417.59 million worth of these products. Other major import sources include China, the United States, Ireland, Switzerland, and Belgium.
5. Iron and steel
India was the largest source of Indonesia's iron and steel imports. In 2023, Indonesia imported US$364.99 million worth of these products. Other major import sources include China, Germany, Japan, Indonesia, and the Republic of Korea.
"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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