Indonesia imported US$0.43 million worth of machinery from El Salvador in 2023.
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Indonesia recorded imports from El Salvador totaling US$0.8 million as of December 2023. This figure represents a drastic 50.44% decrease compared to the previous year's imports of US$1.6 million.
Indonesia's trade record with El Salvador shows a significant reduction in imports over the past 10 years. The lowest import value was US$0.28 million, while the highest reached US$40.31 million.
Of the 97 products (two-digit HS codes) imported from El Salvador, 40 products were worth more than one million dollars. Furthermore, according to Trademap data, Indonesia imports 12 main products annually from this country. This indicates a considerable 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 El Salvador, ordered from highest to lowest transaction value:
1. Electrical machinery, equipment, and parts.
Indonesia imports a significant amount of electrical machinery, equipment, and parts. In the Trademap classification, these fall under HS code 85. This product category is grouped with sound recording and reproducing apparatus, television, etc. In 2023, Indonesia imported US$0.43 million worth of these goods. This is lower than the previous period's US$1,191,000.
2. Knitted or crocheted clothing and accessories.
Indonesia's second largest import from El Salvador is knitted or crocheted clothing and accessories. Imports in 2023 totaled US$0.2 million, an increase compared to the previous period's US$44,000.
3. Nuclear reactors, boilers, machinery, and mechanical appliances.
Indonesia's imports of these products originate from a single country. Imports of nuclear reactors, boilers, machinery, and mechanical appliances from El Salvador are the largest. In 2023, Indonesia imported US$71,000 worth of these goods. Other top five suppliers of this product to Indonesia include China, Germany, the United States, Japan, and Italy.
4. Pharmaceutical products.
In the Trademap classification, pharmaceutical products fall under HS code 30. Indonesia imported US$47,000 worth of these products from El Salvador. Besides El Salvador, Indonesia also relies on pharmaceutical imports from Germany, Switzerland, the United States, Belgium, and Ireland. In addition to these main countries, Indonesia imported these products from four other countries.
5. Lac.
Falling under HS code 13, lac is categorized with gums, resins, and other plant extracts. Indonesia imported US$11,000 worth of lac from El Salvador. Besides El Salvador, Indonesia also relies on lac imports from China, India, France, Spain, and the United States. In addition to these main countries, Indonesia imported these products from four other countries.
"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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