Indonesia's Mineral Fuel Imports from Algeria Drop to US$547.72 Million
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Indonesia recorded imports from Algeria totaling US$562.21 million as of December 2023. This represents a drastic 23.73% decrease compared to the previous year's imports of US$737.16 million.
Indonesia's trade record with Algeria shows an upward trend in imports over the past 10 years. The lowest import value was US$182.96 million, while the highest reached US$737.16 million.
Of the 97 products (two-digit HS codes) imported from Algeria, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 10 main products from this country annually. This indicates a significant 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 Algeria, ordered from highest to lowest transaction value:
1. Mineral fuels, mineral oils and products of their distillation
Indonesia imports a significant amount of mineral fuels, mineral oils and products of their distillation. In the Trademap classification, these fall under HS code 27. This product category is grouped with bituminous substances and mineral waxes.
In 2023, Indonesia imported US$547.72 million worth of these products. This is lower than the previous period's US$734.44 million.
2. Ores, slag and ash
Second, Indonesia's largest imports are ores, slag, and ash. Imports from Algeria in 2023 totaled US$5.75 million. No imports were recorded from this country the previous year.
3. Salt
Falling under HS code 25, salt is categorized with sulfur, earth and stone, plastering materials, lime and cement. Indonesia imported US$5.47 million worth of salt. Currently, the largest importer of salt to Indonesia is Algeria. Other top five importers of salt to Indonesia are China, Turkey, the United States, Germany, and India.
4. Edible fruits and nuts
Imports of edible fruits and nuts from Algeria were the largest. In 2023, Indonesia imported US$2.18 million worth. Other top five suppliers of this product to Indonesia are the United States, Spain, Mexico, the Netherlands, and Vietnam.
5. Iron and steel
Fifth, Indonesia also imported US$1.05 million worth of iron and steel from Algeria. No imports were recorded from this country the previous year. Trademap data shows Indonesia imports iron and steel from four countries. Imports from Algeria are the largest. Other top five suppliers of this product to Indonesia are China, Germany, Japan, Indonesia, and the Republic of Korea.
"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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