Indonesia recorded imports from Bangladesh totaling US$110,074 thousand as of December 2022. This figure represents a 1.76% increase compared to the previous year's imports, which were recorded at US$108,170 thousand.
Indonesia's trade record with Bangladesh shows an upward trend in imports over the past 10 years. 2022 marked a historical record with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from Bangladesh, 42 products were worth more than one billion dollars. Most of the imported products from Bangladesh are also imported from other countries, totaling 55 products.
The following is a list of the top five products imported by Indonesia from Bangladesh. This list is ordered from highest to lowest transaction value.
1. Articles of apparel and clothing accessories, knitted or crocheted.
This product, under HS code 61, ranks first in imports from Bangladesh. Indonesia imported US$36,833 thousand worth of these articles. Imports of knitted or crocheted apparel and clothing accessories increased compared to the previous period, which recorded US$34,744 thousand.
2. Articles of apparel and clothing accessories, not knitted or crocheted.
Second, Indonesia's largest import was articles of apparel and clothing accessories, not knitted or crocheted. Imports from Bangladesh in 2022 totaled US$31,245 thousand. This figure increased compared to the previous period, which recorded US$24,065 thousand.
3. Other vegetable textile fibers.
Third, under HS code 53, other vegetable textile fibers are a group of imported goods categorized together with Paper Yarn and Woven Paper Yarn Fabrics. Indonesia imported US$16,263 thousand from Bangladesh. Imports of other vegetable textile fibers from Bangladesh ranked third. Other countries in the top five suppliers of this imported product to Indonesia are China, Mali, Hong Kong, China, and India.
4. Other made-up textile articles.
Indonesia imports this product from 55 countries. Imports of other made-up textile articles from Bangladesh ranked fourth. In 2022, Indonesia recorded imports totaling US$7,118 thousand. Other countries in the top five suppliers of this imported product to Indonesia are China, Mali, Vietnam, and Taipei, China.
5. Manufactured tobacco and tobacco substitutes.
For products 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$3,035 thousand from Bangladesh. Indonesia imports this product from 63 countries. Imports of manufactured tobacco and tobacco substitutes from Bangladesh ranked 29th. The five other countries that are sources of imported manufactured tobacco and tobacco substitutes are Mali, China, Brazil, Singapore, and Zimbabwe.