Indonesia recorded imports from Colombia totaling US$8.78 million as of December 2020. This figure represents a drastic 31.33% decrease compared to the previous year's imports of US$12.79 million.
Indonesia's trade record with Colombia shows a significant decline in imports over the past 10 years. The lowest import value was US$6.05 million, while the highest reached US$31.96 million.
Of the 97 products (two-digit HS codes) imported from Colombia, 33 products were worth more than one million US dollars. Most of the imported products (37 in total) are also imported from other countries.
The following is a list of the top five products imported by Indonesia from Colombia, ordered from highest to lowest transaction value:
1. Organic chemicals: Organic chemicals (HS code 29) were the top import from Colombia, totaling US$2.19 million. This represents an increase compared to the previous period's US$0.97 million.
2. Pharmaceutical products: Indonesia imported US$1.77 million worth of pharmaceutical products (HS code 30).
3. Plastics and articles thereof: Indonesia also imported a significant amount of plastics and articles thereof from Colombia, totaling US$1.37 million. This is an increase from the previous period's US$0.91 million. These imports from Colombia ranked 44th. The largest imports of plastics and articles thereof come from China, Singapore, Thailand, Korea, Republic of [country name missing], and Malaysia. Indonesia imports this product from 105 countries in total.
4. Leather and raw hides (other than furskins) and leather: Indonesia imported US$0.86 million worth of leather and raw hides (other than furskins) and leather (HS code 41). Besides Colombia, Indonesia also imports this product from Vietnam, China, Thailand, Korea, Republic of [country name missing], and Italy. Indonesia imports this product from 58 other countries.
5. Coffee, tea, maté, and spices: Imports of coffee, tea, maté, and spices from Colombia ranked 30th, totaling US$0.51 million in 2020. The largest imports of these products come from India, Vietnam, Papua New Guinea, China, and Brazil.