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Indonesia recorded imports from Nepal totaling US$1.69 million as of December 2023. This figure represents a 116.69% increase compared to the previous year's imports of US$0.78 million.
Indonesia's trade record with Nepal shows an upward trend in imports over the past 10 years. 2023 marked a historical high with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from Nepal, 39 products were worth more than one million dollars. Furthermore, according to Trademap data, Indonesia imports 16 main products annually from this country. 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 Nepal, ordered from highest to lowest transaction value:
1. Raw hides and skins (other than furskins) and leather
Indonesia imported a significant amount of Raw hides and skins (other than furskins) and leather. In the Trademap classification, Raw hides and skins (other than furskins) and leather fall under HS code 41. In 2023, Indonesia imported US$1.54 million worth. This represents an increase compared to the previous period's recorded US$654,000.
2. Articles of apparel and clothing accessories, not knitted or crocheted
Second, Indonesia's largest imports were articles of apparel and clothing accessories, not knitted or crocheted. Imports from Nepal in 2023 totaled US$28,000. This is an increase compared to the previous period's US$7,000.
3. Other base metals articles
Indonesia also imported US$28,000 worth of Other base metals articles from Nepal. Imports of this product increased compared to the previous period's US$5,000. Nepal is currently the largest source of Other base metals articles imported by Indonesia. Besides Nepal, the five largest countries supplying Indonesia with Other base metals articles are China, Germany, the United States, Italy, and Mexico.
4. Other made-up textile articles
Imports of Other made-up textile articles from Nepal are currently the largest. Indonesia imported US$22,000 worth from this country. Other major suppliers of Other made-up textile articles are China, India, Pakistan, Germany, and the United States.
5. Milling industry products
Imports of Milling industry products from Nepal are currently the largest. In 2023, Indonesia imported US$19,000 worth. The other five largest suppliers of Milling industry products are Germany, Türkiye, Belgium, Thailand, and France.
"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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