Indonesia Imported the Most Mineral Fuel from Angola in 2023
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Indonesia recorded imports from Angola worth US$1.2 billion as of December 2023. This figure represents a 36.91% increase compared to the previous year's imports, which totaled US$873.6 million.
Indonesia's trade record with Angola shows an upward trend in imports over the past 10 years. 2023 marked a historical record with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from Angola, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, seven main products are imported annually from Angola by Indonesia. This indicates a significant 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 top five products imported by Indonesia from Angola, ordered from highest to lowest transaction value.
- Mineral fuels, mineral oils and products of their distillation
- Aluminum
- Fish and crustaceans, molluscs and other aquatic invertebrates
- Rubber
- Plastics
Indonesia imported a significant amount of Mineral fuels, mineral oils and products of their distillation. In the Trademap classification, these fall under HS code 27. This product category is grouped together with bituminous substances and mineral waxes.
In 2023, Indonesia imported US$1.19 billion worth of these products. This represents an increase compared to the previous period, which recorded US$867.66 million.
Second on the list is Aluminum. Imports from Angola in 2023 totaled US$2.17 million. This is lower than the previous period, which reached US$5,921,000.
Indonesia's imports of this product originate from a single country. Imports of Fish and crustaceans, molluscs and other aquatic invertebrates from Angola are the largest. In 2023, Indonesia imported US$76,000 worth of these products. Other countries among the top five suppliers of this imported product to Indonesia are Norway, China, Ecuador, Chile, and Vietnam.
Another imported product is Rubber, amounting to US$3,000. In the previous year, Indonesia did not record any imports of this product from Angola. Besides Angola, Indonesia also relies on Rubber imports from China, Germany, Thailand, the United States, and Japan. In addition to these main countries, Indonesia imported this product from four other countries.
Plastics imports from Angola are currently the largest. From this country, Indonesia imported US$2,000 worth of plastics. Other countries that are major suppliers of Plastics are China, the United States, Germany, Korea, Republic of, and Belgium.
"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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