Indonesia's Mineral Fuel Imports from Iraq Increase to US$23.972 Million

Indonesia recorded imports from Iraq totaling US$24.29 million as of December 2020. This figure represents a 15,470% increase compared to the previous year's imports of US$0.16 million.

Indonesia's trade record with Iraq shows an upward trend in imports over the past 10 years. 2020 marked a historical high with the highest import value ever recorded.

Of the 97 products (two-digit HS codes) imported from Iraq, 0.03 thousand products were worth more than one billion dollars. Most imported products from Iraq are also imported from other countries, totaling 0.01 thousand products.

The following is a list of the top five products imported by Indonesia from Iraq, ordered from highest to lowest transaction value:

1. Mineral fuels, mineral oils and products of their distillation

Falling under HS code 27, mineral fuels, mineral oils and products of their distillation are grouped with bituminous substances and mineral waxes. Imports of this product from Iraq ranked first. Indonesia imported US$23,972 thousand worth of these products from Iraq. This represents an increase compared to the previous period, which recorded US$2 thousand.

2. Machinery, mechanical appliances, nuclear reactors, boilers

Second on the list is machinery, mechanical appliances, nuclear reactors, and boilers. Imports from Iraq in 2020 totaled US$280 thousand. This figure is up from the previous period's US$96 thousand.

3. Electrical machinery and equipment and parts thereof

Falling under HS code 85, electrical machinery and equipment and parts thereof are grouped with sound recorders and reproducers, television receivers, etc. Indonesia imported US$10 thousand worth of these products from Iraq. Imports of electrical machinery and equipment and parts thereof from Iraq ranked 101st. Besides Iraq, the largest imports of electrical machinery and equipment and parts thereof came from China, Singapore, Taipei, China, Japan, and the Republic of Korea. Indonesia also imported this product from 134 countries.

4. Rubber and articles thereof

Indonesia imported this product from 104 countries. Imports of rubber and articles thereof from Iraq ranked 74th. In 2020, Indonesia recorded imports of US$9 thousand. Besides Iraq, the largest imports of rubber and articles thereof came from Japan, China, the Republic of Korea, Thailand, and Singapore.

5. Articles of iron or steel

Indonesia also imported a significant amount of iron or steel articles from Iraq. Imports of this product in 2020 totaled US$5 thousand. In the previous year, Indonesia recorded no imports from Iraq for this product. This product was sourced from 101 countries. Imports of iron or steel articles from Iraq ranked 74th. The five other major sources of iron or steel articles were China, Japan, the Republic of Korea, Singapore, and Germany.