Indonesia recorded imports from the Russian Federation totaling US$2.18 billion as of December 2022. This figure represents a 73.92% increase compared to the previous year's imports, which were recorded at US$1.25 billion.
Indonesia's trade record with the Russian Federation shows a significant decrease in imports over the past 10 years. The lowest recorded import value was US$850,613 thousand, while the highest reached US$2.59 billion.
Of the 97 products (two-digit HS codes) imported from the Russian Federation, 43 products were valued at over one billion dollars. Most of these imported products (55 in total) are also imported from other countries.
The following is a list of the top five products imported by Indonesia from the Russian Federation, ordered from highest to lowest transaction value.
1. Fertilizers: Classified under HS code 31 in Trademap, fertilizer imports from the Russian Federation ranked first. Indonesia imported US$811,160 thousand worth of fertilizers. This represents an increase compared to the previous period's US$326,130 thousand.
2. Iron and Steel: Second on the list is iron and steel. Imports from the Russian Federation in 2022 totaled US$585,290 thousand, an increase from the previous period's US$446,954 thousand.
3. Mineral fuels, mineral oils, and products of their distillation: Indonesia also imported significant quantities of mineral fuels, mineral oils, and products of their distillation from the Russian Federation, totaling US$466,013 thousand. This represents an increase compared to the previous period's US$233,436 thousand. Trademap data shows Indonesia imports these products from 63 countries. Imports from the Russian Federation ranked 15th. Other top five suppliers include Singapore, Malaysia, Nigeria, the United States, and India.
4. Fish and crustaceans, mollusks, and other aquatic invertebrates: Other imports include fish and crustaceans, mollusks, and other aquatic invertebrates, totaling US$69,131 thousand. This represents an increase compared to the previous period's US$22,407 thousand. Trademap data shows Indonesia imports these products from 47 countries. Imports from the Russian Federation ranked third. The other top five countries supplying these products are China, Mali, Canada, and the Republic of Korea.
5. Salt: Other imports include salt, totaling US$52,727 thousand. This represents a decrease compared to the previous period's US$62,232 thousand. Salt imports from the Russian Federation ranked 11th. The largest salt imports come from China, Mali, Jordan, Qatar, and India. Indonesia also imports this product from 61 countries.