Indonesia's mineral fuel imports from Kazakhstan fall to US$155.84 million
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Indonesia recorded imports from Kazakhstan totaling US$232.9 million as of December 2023. This figure represents a drastic 60.22% decrease compared to the previous year's imports, which reached US$585.48 million.
Over the past 10 years, Indonesia's trade record with Kazakhstan shows an upward trend in imports. The lowest import value was US$13.77 million, while the highest reached US$585.48 million.
Of the 97 products (two-digit HS codes) imported from Kazakhstan, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 15 main products annually from this country. This indicates a significant dependence on these imported products. The remaining imports consist largely of products also imported from other countries.
Below is a list of the top five products imported by Indonesia from Kazakhstan, 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 together with bituminous substances and mineral waxes. In 2023, Indonesia imported US$155.84 million worth of these products. This is lower than the previous period's US$280.67 million.
2. Iron and steel
Indonesia's second largest import from Kazakhstan is iron and steel. The import value in 2023 was US$67.41 million, lower than the previous year's US$298.83 million.
3. Zinc
Imports of zinc from Kazakhstan are currently the largest. Indonesia imported US$6.58 million worth of zinc from Kazakhstan. Other major zinc suppliers to Indonesia include South Korea, Belgium, the Netherlands, Spain, and Canada.
4. Salt
Indonesia's salt imports are primarily sourced from Kazakhstan. In 2023, imports totaled US$1.74 million. Other top five suppliers of salt to Indonesia include China, Turkey, the United States, Germany, and India.
5. Aluminum
Indonesia imported US$1.24 million worth of aluminum. There were no recorded imports from Kazakhstan in the previous year. Trademap data shows Indonesia imports aluminum from four countries, with Kazakhstan being the largest supplier. Other top five suppliers of aluminum to Indonesia include China, Germany, the United States, Canada, and Italy.
"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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