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Indonesia recorded imports from Azerbaijan totaling US$250.78 million as of December 2023. This figure represents a drastic 70.16% decrease compared to the previous year's imports, which reached US$840.52 million.
Indonesia's trade record with Azerbaijan shows a significant reduction in imports over the past 10 years. The lowest import value was US$12,000, while the highest reached US$2.42 billion.
Of the 97 products (two-digit HS codes) imported from Azerbaijan, 39 were valued at over one billion dollars. Furthermore, according to Trademap data, eight main products are imported annually from Azerbaijan. This indicates a considerable dependence on these imported goods. The remaining products are largely also imported from other countries.
The following are the top five products imported by Indonesia from Azerbaijan, listed in descending order of value:
- Mineral fuels, mineral oils and products of their distillation
- Aluminum
- Manufactured tobacco and tobacco substitutes
- Iron or steel
- Prepared vegetables, fruit, nuts or other parts of plants
Falling under HS code 27, mineral fuels, mineral oils and products of their distillation are categorized with bituminous substances and mineral waxes. Imports of this product from Azerbaijan ranked first, totaling US$248.88 million. This is lower than the previous period's US$839.91 million.
Second, Indonesia's largest imports were aluminum products. Imports from Azerbaijan in 2023 totaled US$1.12 million. No imports were recorded from Azerbaijan the previous year.
Imports of manufactured tobacco and tobacco substitutes from Azerbaijan are currently the largest. Indonesia imported US$0.53 million worth of these products. Other major suppliers of manufactured tobacco and tobacco substitutes include China, the United Arab Emirates, Poland, Germany, and Brazil.
Indonesia's imports of this product originate from a single country. Imports of iron or steel from Azerbaijan are the largest. In 2023, Indonesia imported US$0.22 million worth. Five other major suppliers of iron or steel are China, Germany, the United States, Italy, and Poland.
Furthermore, prepared vegetables, fruit, nuts, or other parts of plants, classified under Trademap's HS code 20, totaled US$15,000 in imports. Trademap data shows Indonesia imports these products from four countries. Imports from Azerbaijan are the largest. Five other major suppliers are China, the Netherlands, Belgium, Italy, and the United States.
"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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