Indonesia Imported US$4.01 Million Worth of Fish and Crustaceans from Iceland in 2023

Indonesia recorded imports from Iceland totaling US$6.78 million as of December 2023. This represents a significant 16.72% decrease compared to the previous year's imports of US$8.15 million.

Over the past 10 years, Indonesia's trade record with Iceland shows an upward trend in imports. The lowest import value was US$0.52 million, while the highest reached US$8.15 million.

Of the 97 products (two-digit HS codes) imported from Iceland, 40 products were worth more than one billion dollars. Furthermore, according to Trademap data, nine main products are imported annually from Iceland. This indicates a considerable dependence on these imported products. The remaining products are largely also imported from other countries.

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

1. Fish and crustaceans, molluscs and other aquatic invertebrates



In the Trademap classification, fish and crustaceans, molluscs and other aquatic invertebrates fall under HS code 03. Imports of this product from Iceland rank first. Indonesia imported US$4.01 million worth. This represents an increase compared to the previous period's US$3,440,000.


2. Aluminum



Second, Indonesia's largest imports are aluminum products. Imports from Iceland in 2023 totaled US$2.6 million. This is lower than the previous period's US$4,413,000.


3. Nuclear reactors, boilers, machinery and mechanical appliances



This product is sourced from a single country. Imports of nuclear reactors, boilers, machinery and mechanical appliances from Iceland are the largest. In 2023, Indonesia imported US$61,000. Other top five suppliers of this imported product to Indonesia include China, Germany, the United States, Japan, and Italy.


4. Animal, vegetable or microbial fats and oils and their cleavage products



Falling under HS code 15, animal, vegetable or microbial fats and oils and their cleavage products are a group of imported goods categorized together with prepared edible fats. Indonesia imported US$32,000, lower than the previous period's US$63,000. Besides Iceland, Indonesia also relies on imports of animal, vegetable or microbial fats and oils and their cleavage products from Indonesia, Malaysia, Spain, the Netherlands, and Canada. In addition to these main countries, Indonesia imported this product from four other countries.


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



Imports of optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus from Iceland are currently the largest. From this country, Indonesia imported US$31,000. Other major suppliers of optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus are the United States, Germany, China, the Netherlands, and Japan.