Indonesia Imported the Most Mineral Fuel from Iraq in 2023
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Indonesia recorded US$32.61 million in imports from Iraq as of December 2023. This figure represents a significant 76.75% decrease compared to the previous year's imports of US$140.28 million.
Over the past 10 years, Indonesia's trade record with Iraq shows an upward trend in imports. The lowest import value was US$98,000, while the highest reached US$140.28 million.
Of the 97 products (two-digit HS codes) imported from Iraq, 39 were worth more than one billion dollars. Furthermore, according to Trademap data, six main products are imported annually from Iraq. This indicates a considerable dependence on these imported goods. The majority of other imported products are also commonly imported from other countries.
The following is a list of the top five products imported by Indonesia from Iraq, ordered from highest to lowest transaction value:
- Mineral fuels, mineral oils and products of their distillation
- Edible fruits and nuts
- Ores, slag and ash
- Knitted or crocheted fabrics
- Machinery, mechanical appliances and electrical parts
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 Iraq ranked first. Indonesia imported US$32.49 million worth of these products. This is lower than the previous period's US$139.62 million.
Second, Indonesia's largest imports were edible fruits and nuts. Imports from Iraq in 2023 totaled US$88,000. This is an increase compared to the previous period's US$38,000.
For ores, slag and ash with HS code 26, Indonesia imported US$28,000 from Iraq. Trademap data shows Indonesia's trade activity importing ores, slag and ash from four countries. Imports of ores, slag and ash from Iraq were the largest. Other countries among the top five suppliers of this imported product to Indonesia are Brazil, Chile, Peru, South Africa, and Canada.
Indonesia also imports a significant amount of knitted or crocheted fabrics from Iraq. Imports of this product amounted to US$1,000. This is lower than the previous period's US$3,000. Besides Iraq, Indonesia also relies on imports of knitted or crocheted fabrics from China, Türkiye, Korea, Republic of, Taipei, China, and Afghanistan. In addition to these main countries, Indonesia is recorded as importing this product from four other countries.
Fifth, Indonesia also imported US$1,000 worth of machinery, mechanical appliances and electrical parts from Iraq. This is lower than the previous period's US$8,000. Trademap data shows Indonesia's trade activity importing machinery, mechanical appliances and electrical parts from four countries. Imports of machinery, mechanical appliances and electrical parts from Iraq were the largest. Other countries among the top five suppliers of this imported product to Indonesia are China, Hong Kong, China, Taipei, China, the United States, and Germany.
"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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