Indonesia Imports US$446.95 Million Worth of Iron from the Russian Federation

Indonesia recorded imports from the Russian Federation totaling US$1.25 billion as of December 2021. This figure represents a 30.89% increase compared to the previous year's imports, which were recorded at US$957.88 million.

Indonesia's trade record with the Russian Federation shows a significant decline in imports over the past 10 years. The lowest recorded import value was US$850.61 million, while the highest reached US$2.59 billion.

Of the 97 products (two-digit HS codes) imported from the Russian Federation, 40 products were worth over one billion dollars. Most imported products from this country are also imported from other countries, totaling 70 products.

The following is a list of the top five products imported by Indonesia from the Russian Federation, ordered from highest to lowest transaction value:

1. Iron and Steel

Iron and steel (HS code 72) ranked first among imports from the Russian Federation. Indonesia imported US$446.95 million worth of these products. This represents an increase compared to the previous period, which recorded US$291.6 million.

2. Fertilizers

Fertilizers (Trademap classification, HS code 31) totaled US$326.13 million in imports from Russia.

3. Mineral fuels, mineral oils, and products of their distillation

Indonesia imported these products from 77 countries. Imports from the Russian Federation ranked 14th, totaling US$233.44 million in 2021. The largest importers of mineral fuels, mineral oils, and products of their distillation were Singapore, Malaysia, Saudi Arabia, the United States, and Nigeria.

4. Salt

Indonesia imported a significant amount of salt from the Russian Federation, totaling US$62,232,000. This represents an increase compared to the previous period's US$39,888,000. Salt imports from the Russian Federation ranked sixth. The largest importers of salt were China, Jordan, India, Morocco, and Thailand. Indonesia imported salt from 62 countries.

5. Aluminum and articles thereof

Aluminum and articles thereof (Trademap classification, HS code 76) totaled US$4,589,100 in imports. Trademap data shows Indonesia imported these products from 64 countries. Imports from the Russian Federation ranked 11th. The other five largest exporters of aluminum and articles thereof were China, Malaysia, the United States, South Korea, and the United Arab Emirates.