Indonesia's mineral fuel imports from Brunei Darussalam decreased to US$274.81 million.
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Indonesia recorded imports from Brunei Darussalam worth US$317.13 million as of December 2023. This figure represents a significant decrease of 51.74% compared to the previous year's imports, which totaled US$657.17 million.
Over the past 10 years, Indonesia's trade record with Brunei Darussalam shows an upward trend in imports. The lowest import value was US$20.1 million, while the highest reached US$657.17 million.
Of the 97 products (two-digit HS codes) imported from Brunei Darussalam, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 20 main products annually from this country. 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 Brunei Darussalam, ordered from highest to lowest transaction value.
- Mineral fuels, mineral oils and products of their distillation
- Organic chemicals
- Salt
- Fertilizers
- Plastics
Falling 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 Brunei Darussalam ranked first. Indonesia imported US$274.81 million worth of these products. This import value is lower than the previous period, which reached US$580.71 million.
Second on the list, Indonesia's largest imports were organic chemicals. Imports from Brunei Darussalam in 2023 totaled US$33.25 million. This figure is lower than the previous period, which reached US$55,542 thousand.
Imports of salt from Brunei Darussalam are currently the largest. Indonesia imported US$5.85 million worth of salt from this country. Other major salt import sources include China, Türkiye, the United States, Germany, and India.
For fertilizers, under HS code 31, Indonesia imported US$1.5 million. Imports of fertilizers from Brunei Darussalam are the largest. Other top five suppliers of this imported product to Indonesia include China, Canada, the United States, Morocco, and Saudi Arabia.
Indonesia's imports of this product originate from a single country. Imports of plastics from this country are the largest. In 2023, Indonesia imported US$1.28 million worth of plastics. The five other major sources of plastic imports are China, the United States, Germany, the Republic of Korea, 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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