These are the Products Most Imported by Indonesia from Armenia in 2023
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Indonesia recorded imports from Armenia worth US$0.44 million as of December 2023. This figure represents a 550% increase compared to the previous year's imports, which were recorded at US$68,000.
Indonesia's trade record with Armenia shows an upward trend in imports over the past 10 years. The lowest import value was US$7,000, while the highest reached US$0.95 million.
Of the 97 products (two-digit HS codes) imported from Armenia, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 11 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 five main products imported by Indonesia from Armenia, ordered from highest to lowest transaction value:
1. **Aluminum**
Indonesia imports a significant amount of Aluminum. In the Trademap classification, Aluminum falls under the HS code 76. In 2023, Indonesia imported US$0.19 million worth of aluminum from Armenia. No imports were recorded from Armenia in the previous year.
2. **Glass and glassware**
Indonesia's second largest import from Armenia was glass and glassware, valued at US$0.13 million in 2023. No imports were recorded from Armenia in the previous year.
3. **Cocoa and cocoa preparations**
Indonesia also imported US$70,000 worth of cocoa and cocoa preparations from Armenia. No imports were recorded from Armenia in the previous year. Trademap data shows that Indonesia imports cocoa and cocoa preparations from 4 countries. Imports from Armenia are the largest. Other countries among the top five suppliers of this import product to Indonesia are Germany, the Netherlands, Ivory Coast, Belgium, and Poland.
4. **Electrical machinery, equipment, and parts**
Indonesia's imports of this product originate from a single country. Imports of electrical machinery, equipment, and parts from Armenia are the largest. In 2023, Indonesia recorded imports worth US$20,000. The five other countries that are sources of electrical machinery, equipment, and parts imports are China, Hong Kong, China, Taipei, China, the United States, and Germany.
5. **Articles of apparel and clothing accessories, not knitted or crocheted**
For articles of apparel and clothing accessories, not knitted or crocheted (HS code 62), Indonesia imported US$10,000, an increase compared to the previous period's US$3,000. Currently, the largest importer of articles of apparel and clothing accessories, not knitted or crocheted, remains Armenia. Besides Armenia, the five largest countries that are sources of these imports for Indonesia are China, Italy, Vietnam, Germany, 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."