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Indonesia recorded imports from Angola worth US$1.2 billion as of December 2023. This figure represents a 36.91% increase compared to the previous year's imports, which totaled US$873.6 million.
Indonesia's trade record with Angola shows an upward trend in imports over the past 10 years. 2023 marked a historic high with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from Angola, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports seven main products from this country annually. This indicates a significant 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 Angola, 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 together with bituminous substances and mineral waxes.
In 2023, Indonesia imported US$1.19 billion worth of these products. This represents an increase compared to the previous period, which recorded US$867.66 million.
2. Aluminum
Aluminum falls under HS code 76. Indonesia imported US$2.17 million.
3. Fish and crustaceans, molluscs and other aquatic invertebrates
Third on the list is fish and crustaceans, molluscs and other aquatic invertebrates, classified under HS code 03 in Trademap. Indonesia imported US$76,000, marking an increase as no imports were reported from this country in the previous year. This product was sourced from a single country. Imports of fish and crustaceans, molluscs and other aquatic invertebrates from Angola were the largest. The five other countries that are major sources of these imports for Indonesia are Norway, China, Ecuador, Chile, and Vietnam.
4. Rubber
Indonesia imported US$3,000 worth of rubber (HS code 40) from Angola. This product was also imported from a single country, with Angola being the largest supplier. Other top five suppliers of this product to Indonesia include China, Germany, Thailand, the United States, and Japan.
5. Plastics
Indonesia also imported a significant amount of plastics from Angola, valued at US$2,000. No imports were recorded from this country in the previous year. Besides Angola, Indonesia also relies on plastic imports from China, the United States, Germany, Korea, the Republic of (presumably a typo, needs clarification), and Belgium. In addition to these main countries, Indonesia imported this product from four other countries.
"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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