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Indonesia recorded imports from Angola totaling US$1.2 billion as of December 2023. This figure represents a 36.91% increase compared to the previous year's imports, which were recorded at US$873.6 million.
Indonesia's trade record with Angola shows an upward trend in imports over the past 10 years. 2023 marks 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, Indonesia imports seven main products annually from this country. 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, mollusks and other aquatic invertebrates
- Rubber
- Plastics
Falling under HS code 27, mineral fuels, mineral oils and products of their distillation are a group of imported goods categorized together with bituminous substances and mineral waxes. Imports of this product from Angola ranked first. Indonesia imported US$1.19 billion worth of these products from Angola. Imports of mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes increased compared to the previous period, which recorded US$867.66 million.
Second, Indonesia's largest imports were aluminum products. Imports from Angola in 2023 totaled US$2.17 million. This figure is lower than the previous period, which reached US$5,921 thousand.
Indonesia also recorded significant imports of fish and crustaceans, mollusks and other aquatic invertebrates from Angola. Imports of this product in 2023 amounted to US$76 thousand. In the previous year, Indonesia did not record any imports from this country. Trademap data shows Indonesia's trade activity importing fish and crustaceans, mollusks and other aquatic invertebrates from 4 countries. Imports of fish and crustaceans, mollusks and other aquatic invertebrates from this country were the largest. Other countries among the top five suppliers of this imported product to Indonesia are Norway, China, Ecuador, Chile, and Vietnam.
Imports of other products include rubber, amounting to US$3 thousand. In the previous year, Indonesia did not record any imports from this country. Besides Angola, Indonesia also relies on rubber imports from China, Germany, Thailand, the United States, and Japan. In addition to these main countries, Indonesia recorded imports of this product from 4 other countries.
For other products, Indonesia imported a significant amount of plastics from Angola. Imports of this product totaled US$2 thousand. In the previous year, Indonesia did not record any imports from this country. Plastic imports from Angola were recorded as the largest. The five other countries that were sources of plastic imports are China, the United States, Germany, the Republic of Korea, 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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