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Indonesia recorded US$77,000 in imports from Nicaragua as of December 2023. This represents a 67.65% decrease compared to the previous year's imports of US$240,000.
Indonesia's trade record with Nicaragua shows a significant reduction in imports over the past 10 years. The lowest import value was US$16,000, while the highest reached US$3.8 million.
Of the 97 products (two-digit HS codes) imported from Nicaragua, 40 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 10 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 Indonesia imported from Nicaragua, ordered from highest to lowest transaction value:
1. Clothing and clothing accessories, knitted or crocheted
Clothing and clothing accessories, knitted or crocheted (HS code 61). Imports of this product from Nicaragua ranked first, with Indonesia importing US$52,000. This represents an increase compared to the previous period's US$5,000.
2. Coffee, tea, maté, and spices
Second, Indonesia's largest imports were coffee, tea, maté, and spices. Imports from Nicaragua in 2023 totaled US$7,000, an increase from the previous period's US$5,000.
3. Clothing and clothing accessories, not knitted or crocheted
This product was sourced from a single country. Imports of clothing and clothing accessories, not knitted or crocheted, from this country were the largest. In 2023, Indonesia recorded imports of US$4,000. Five other countries that were major sources for these imports were China, Italy, Vietnam, Germany, and France.
4. 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 Nicaragua were currently the largest. Indonesia imported US$3,000 from this country. Other major suppliers of these products to Indonesia include the United States, Germany, China, the Netherlands, and Japan.
5. Iron or steel
Iron or steel, classified under Trademap's HS code 73. Indonesia imported US$3,000, representing an increase as no imports were reported from this country the previous year. Indonesia imported this product from a single country. Imports of iron or steel from Nicaragua were the largest. Other top five suppliers of this product to Indonesia include China, Germany, the United States, Italy, and Poland.
"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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