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Indonesia recorded US$419.19 million in imports from Austria as of December 2023. This figure represents a 16% increase compared to the previous year's imports, which totaled US$361.36 million.
Indonesia's trade record with Austria shows an upward trend in imports over the past 10 years. 2023 marked a historical high with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from Austria, 53 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 71 main products from Austria 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 Austria, ordered from highest to lowest transaction value.
1. Nuclear reactors, boilers, machinery and mechanical appliances
Falling under HS code 84, Nuclear reactors, boilers, machinery and mechanical appliances are a group of imported goods categorized together with Parts. Imports of this product from Austria rank first. Indonesia imported US$164.92 million worth of these goods from Austria. Imports of Nuclear reactors, boilers, machinery and mechanical appliances; Parts increased compared to the previous period, which recorded US$74,014 thousand.
2. Electrical machinery and equipment and parts
Falling under HS code 85, Electrical machinery and equipment and parts are a group of imported goods categorized together with Sound recorders and reproducers, television. Indonesia imported US$53.08 million worth of these goods.
3. Pharmaceutical products
Next, Indonesia also imported US$28.2 million worth of Pharmaceutical products from Austria. Imports of this product increased compared to the previous period, which recorded US$23,324 thousand. Indonesia imports this product from a single country. Imports of Pharmaceutical products from Austria are the largest. The five other countries that are sources of Pharmaceutical product imports are Germany, Switzerland, the United States, Belgium, and Ireland.
4. Railway or tramway locomotives, rolling-stock and parts thereof
For this product, Indonesia also recorded significant imports of Railway or tramway locomotives, rolling-stock and parts thereof from Austria. The value of imports in 2023 was US$27.89 million. This figure increased compared to the previous period, which recorded US$14,104 thousand. Besides Austria, Indonesia also relies on imports of Railway or tramway locomotives, rolling-stock and parts thereof from China, Mexico, the United States, Germany, and Spain. In addition to these main countries, Indonesia imported this product from four other countries.
5. Paper and paperboard
Indonesia also imports a significant amount of Paper and paperboard from Austria. The value of imports was US$24.08 million. This figure increased compared to the previous period, which recorded US$17,687 thousand. Trademap data shows that Indonesia imports Paper and paperboard from four other countries. Imports of Paper and paperboard from Austria are the largest. The five other countries that are sources of Paper and paperboard imports are China, Germany, the United States, Sweden, 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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