Indonesia's Salt Imports from Mongolia Increase to US$5.72 Million

Indonesia recorded imports from Mongolia totaling US$5.87 million as of December 2023. This figure represents a 144.61% increase compared to the previous year's imports, which were recorded at US$2.4 million.

Indonesia's trade record with Mongolia shows a significant decrease in imports over the past 10 years. The lowest import value was US$2,000, while the highest reached US$19.22 million.

Of the 97 products (two-digit HS codes) imported from Mongolia, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports five main products from this country annually. This indicates a considerable dependence on these imported products. The majority of other imported products are also commonly imported from other countries.

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

1. Salt

Falling under HS code 25, Salt is categorized with sulfur, earth and stone, plastering materials, lime and cement. Imports of this product from Mongolia rank first. Indonesia imported US$5.72 million worth of salt from Mongolia. The value of imports of Salt; sulfur; Earth and Stone; Plastering materials, lime and cement increased compared to the previous period, which was recorded at US$2,249,000.

2. Organic chemicals

Second, Indonesia's largest imports are organic chemicals. Imports from Mongolia in 2023 were recorded at US$0.12 million. In the previous year, Indonesia did not record any imports from this country.

3. Nuclear reactors, boilers, machinery and mechanical appliances

Imports of nuclear reactors, boilers, machinery and mechanical appliances from Mongolia were the largest. In 2023, Indonesia recorded imports of US$24,000. Five other countries that are sources of imports of nuclear reactors, boilers, machinery and mechanical appliances are China, Germany, the United States, Japan, and Italy.

4. Vehicles other than railway or tramway rolling-stock, and parts and accessories

For products under HS code 87 (Vehicles other than railway or tramway rolling-stock, and parts and accessories), Indonesia imported US$7,000 from Mongolia. Besides Mongolia, Indonesia also relies on imports of Vehicles other than railway or tramway rolling-stock, and parts and accessories from Germany, China, Japan, Mexico, and the United States. In addition to these main countries, Indonesia recorded imports of this product from four other countries.

5. Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus

Other imports include Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus, totaling US$1,000. The value of imports of this product is lower than the previous period, which reached US$15,000. Besides Mongolia, Indonesia also relies on imports of Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus from the United States, Germany, China, the Netherlands, and Japan. In addition to these main countries, Indonesia recorded imports of this product from four other countries.