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Indonesia recorded imports from Papua New Guinea totaling US$50.74 million as of December 2023. This represents a drastic 19.56% decrease compared to the previous year's imports of US$63.07 million.
Indonesia's trade record with Papua New Guinea shows an upward trend in imports over the past 10 years. The lowest import value was US$19.64 million, while the highest reached US$125.8 million.
Of the 97 products (two-digit HS codes) imported from Papua New Guinea, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 15 main products annually from this country. This indicates a significant dependence on these imported products. The remaining products are largely also imported from other countries.
The following is a list of the five main products imported by Indonesia from Papua New Guinea. This list is ordered from the highest to lowest transaction value.
- Cocoa and cocoa preparations
- Coffee, tea, maté, and spices
- Animal, vegetable, or microbial fats and oils and their cleavage products
- Iron and steel
- Wood and wood articles
Indonesia imported a significant amount of cocoa and cocoa preparations, categorized under HS code 18 in the Trademap classification. In 2023, Indonesia imported US$39.44 million worth of these products. This represents an increase compared to the previous period's US$19,246,000.
Second on the list is coffee, tea, maté, and spices. Imports from Papua New Guinea in 2023 totaled US$3.64 million, lower than the previous period's US$7,963,000.
Other imports include animal, vegetable, or microbial fats and oils and their cleavage products, totaling US$1.71 million. This represents an increase compared to the previous period's US$781,000. Papua New Guinea currently remains the largest supplier of these products to Indonesia. Besides Papua New Guinea, the five largest countries supplying these products to Indonesia are Indonesia, Malaysia, Spain, the Netherlands, and Canada.
Imports of iron and steel from Papua New Guinea are the largest. In 2023, Indonesia imported US$1.69 million worth of these products. Other countries among the top five suppliers of this product to Indonesia are China, Germany, Japan, Indonesia, and the Republic of Korea.
Falling under HS code 44, wood and wood articles are categorized together with charcoal. Indonesia imported US$1.58 million worth of these products from Papua New Guinea. Papua New Guinea is the largest supplier of wood and wood articles to Indonesia. Other countries among the top five suppliers are China, Canada, Germany, the United States, and Austria.
"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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