Main Products Imported by Indonesia from Azerbaijan in 2023
- A Small
- A Medium
- A Bigger
Indonesia recorded imports from Azerbaijan worth US$250.78 million as of December 2023 data. This value decreased by 70.16% compared to the previous year's imports, which were recorded at US$840.52 million.
Looking at Indonesia's trade history with Azerbaijan, imports have dropped sharply over the past 10 years. Indonesia's lowest import value was US$12 thousand, while the highest reached US$2.42 billion.
(Read: Indonesia Imports Ore Worth US$0.54 Million from Guyana in 2023)
Of the total 97 products (2-digit HS code) imported from Azerbaijan, 39 products are worth over one billion dollars. Additionally, according to Trademap data, there are eight main products that Indonesia imports from this country every year. This means there is a significant dependence on these imported products. Moreover, most of these products are also imported in large quantities from other countries.
Below is a list of the top five products imported by Indonesia from Azerbaijan, ordered from the highest transaction value to the lowest.
- Mineral fuels, mineral oils and products of their distillation
- Aluminium
- Manufactured tobacco and tobacco substitutes
- Iron or steel
- Preparations of vegetables, fruit, nuts or other plant parts
Falling under HS code 27, mineral fuels, mineral oils and products of their distillation are grouped together with bituminous substances and minerals in imported goods. Imports of this product from Azerbaijan rank first. Indonesia imported US$248.88 million worth of this product. The import value of mineral fuels, mineral oils and products of their distillation; bituminous substances; minerals was lower than the previous period, which had reached US$839.91 million.
In second place, Indonesia's largest import from Azerbaijan is aluminium products. The import value from Azerbaijan in 2023 was recorded at US$1.12 million. Indonesia had no recorded imports of this product from the country in the previous year.
Indonesia recorded imports of this product from only one country. Imports of manufactured tobacco and tobacco substitutes from this country are the largest. In 2023, Indonesia imported US$0.53 million worth of this product. The other five major suppliers of this imported product to Indonesia are China, the United Arab Emirates, Poland, Germany and Brazil.
(Read: Indonesia Imports Natural or Cultured Pearls Worth US$892.72 Million from Hong Kong in 2023)
Next is iron or steel under HS code 73. Indonesia imported US$0.22 million worth of this product from the country. Imports of iron or steel from Azerbaijan are the largest. The other five countries that are sources of iron or steel imports are China, Germany, the United States, Italy and Poland.
For other products, Indonesia also imported US$15 thousand worth of preparations of vegetables, fruit, nuts or other plant parts from Azerbaijan. The import value of this product increased compared to the previous period, which was recorded at US$13 thousand. Currently, the largest imports of preparations of vegetables, fruit, nuts or other plant parts still come from Azerbaijan. Besides this country, the five largest countries that are sources of these imports for Indonesia 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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