Indonesia Imported the Most Mineral Fuels from the Russian Federation in 2023
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Indonesia recorded imports from the Russian Federation worth US$2.43 billion as of December 2023. This figure represents an 11.61% increase compared to the previous year's imports, which were recorded at US$2.18 billion.
Indonesia's trade record with the Russian Federation shows an upward trend in imports over the past 10 years. 2023 marks a historical record with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from the Russian Federation, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 53 main products from this country annually. This indicates a significant dependence on these imported products. Many of the other imported products are also imported from other countries in large quantities.
The following is a list of the top five products imported by Indonesia from the Russian Federation. This list is ordered from the highest to lowest transaction value.
- Mineral fuels, mineral oils and products of their distillation
- Fertilizers
- Iron and steel
- Cereals
- Salt
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 the Russian Federation ranked first. Indonesia imported US$1.09 billion worth. Imports of mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes increased compared to the previous period, which was recorded at US$466.01 million.
Second on the list, Indonesia's largest imports were Fertilizers. Imports from the Russian Federation in 2023 were recorded at US$480.58 million. This figure is lower than the previous period, which reached US$811.16 million.
Imports of Iron and steel from this country were the largest. In 2023, Indonesia recorded imports of US$409.74 million. Five other countries that were sources of Iron and steel imports were China, Germany, Japan, Indonesia, and the Republic of Korea.
Cereals are in the product category with HS code 10. From this country, Indonesia imported US$285.52 million worth. Indonesia is recorded as importing this product from one country. Imports of Cereals from the Russian Federation were recorded as the largest. Other countries in the top five suppliers of this imported product to Indonesia are the United States, Brazil, India, Canada, and Ukraine.
Indonesia's imports of this product came from one country. Imports of Salt from this country were the largest. In 2023, Indonesia recorded imports of US$45.03 million. Five other countries that were sources of Salt imports were China, Türkiye, the United States, Germany, and India.
"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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