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Indonesia recorded imports from Guatemala totaling US$0.44 million as of December 2023. This figure represents a 46.05% decrease compared to the previous year's imports of US$0.82 million.
Indonesia's trade record with Guatemala shows a drastic reduction in imports over the past 10 years. The lowest import value was US$0.44 million, while the highest reached US$46.28 million.
Of the 97 total products (two-digit HS codes) imported from Guatemala, 42 products were valued at over one billion dollars. Furthermore, according to Trademap data, eight main products are imported annually from Guatemala by Indonesia. 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 Guatemala, ordered from highest to lowest transaction value:
1. Coffee, tea, maté, and spices
Indonesia imports a significant amount of coffee, tea, maté, and spices. In the Trademap classification, these fall under HS code 09. In 2023, Indonesia imported US$0.17 million worth of these products. This represents an increase compared to the previous period's US$139,000.
2. Rubber
Indonesia's second largest import from Guatemala is rubber. The import value in 2023 was US$0.11 million, lower than the previous period's US$137,000.
3. Apparel and clothing accessories, knitted or crocheted
Imports of apparel and clothing accessories, knitted or crocheted, from Guatemala are substantial. In 2023, Indonesia imported US$94,000 worth of these products. Other top five suppliers of this product to Indonesia include China, Vietnam, Germany, Italy, and Turkey.
4. Manufactured tobacco and tobacco substitutes
Falling under HS code 24, manufactured tobacco and tobacco substitutes are categorized together with products, whether or not containing nicotine. Indonesia imported US$33,000 worth of these products from Guatemala. Besides Guatemala, Indonesia also relies on imports of manufactured tobacco and tobacco substitutes from China, the United Arab Emirates, Poland, Germany, and Brazil. In addition to these major countries, Indonesia imported this product from four other countries.
5. Leather
Another imported product is leather, with imports totaling US$23,000. This is lower than the previous period's US$28,000. This product is sourced from a single country. Guatemala is the largest supplier of leather to Indonesia. Other top five suppliers include China, France, Italy, Vietnam, 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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