Indonesia Imported the Most Mineral Fuels from Qatar in 2023
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Indonesia recorded imports from Qatar worth US$932.08 million as of December 2023. This value shows a drastic decrease of 4.31% compared to the previous year's imports, which were recorded at US$974.04 million.
Indonesia's trade record with Qatar shows a significant decline in imports over the past 10 years. The lowest Indonesian import value was US$675.78 million, while the highest reached US$1.63 billion.
Of the 97 products (two-digit HS codes) imported from Qatar, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 30 main products from this country annually. This indicates a considerable dependence on these imported products. The remaining imports consist largely of products also imported from other countries.
The following is a list of the top five products imported by Indonesia from Qatar, ordered from highest to lowest transaction value:
1. Mineral fuels, mineral oils and products of their distillation
Under HS code 27, mineral fuels, mineral oils and products of their distillation are a group of imported goods categorized together with bituminous substances and mineral waxes. Imports of this product from Qatar rank first. Indonesia imported US$711.48 million worth. The value of imports of mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes increased compared to the previous period, which was recorded at US$703.63 million.
2. Salt
Second, Indonesia's largest import is salt. Imports from Qatar in 2023 were recorded at US$62.47 million. This figure is lower than the previous period, which reached US$147.33 million.
3. Aluminum
For this product, Indonesia imports a significant amount of aluminum from Qatar. The value of imports was recorded at US$58.4 million. This amount increased compared to the previous period, which was recorded at US$43,276,000. Currently, the largest aluminum imports still originate from Qatar. Besides Qatar, the five largest countries that are sources of Indonesian aluminum imports are China, Germany, the United States, Canada, and Italy.
4. Plastics
Currently, imports of plastics from Qatar are the largest. From this country, Indonesia imported US$39.19 million worth. Other countries that are major sources of plastic imports are China, the United States, Germany, South Korea, and Belgium.
5. Organic chemicals
Currently, imports of organic chemicals from Qatar are the largest. From this country, Indonesia imported US$16.4 million worth. Other countries that are major sources of organic chemical imports are China, the United States, Ireland, Switzerland, and Belgium.
"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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