Indonesia Imports the Most Aluminum from Iceland

Indonesia recorded imports from Iceland totaling US$8.15 million as of December 2022. This figure represents a 4.52% increase compared to the previous year's imports of US$7.79 million.

Indonesia's trade record with Iceland shows an upward trend in imports over the past 10 years. 2022 marked a historical record with the highest import value ever recorded.

Of the 97 products (two-digit HS codes) imported from Iceland, 40 products were valued at over one million US dollars. Most of the imported products from Iceland are also imported from other countries, with 11 products falling into this category.

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

1. Aluminum and articles thereof

Indonesia imported a significant amount of Aluminum and articles thereof. In the tradmap classification, Aluminum and articles thereof fall under HS code 76. In 2022, Indonesia imported US$4,413,000 worth of these products. This represents an increase compared to the previous period's US$2,214,000.

2. Fish and crustaceans, mollusks, and other aquatic invertebrates

Indonesia's second largest import from Iceland was Fish and crustaceans, mollusks, and other aquatic invertebrates. Imports in 2022 totaled US$3,440,000, lower than the previous period's US$5,302,000.

3. Nuclear reactors, boilers, machinery, and mechanical appliances

Indonesia imported this product from 156 countries. Imports of Nuclear reactors, boilers, machinery, and mechanical appliances from Iceland ranked 81st. In 2022, Indonesia imported US$146,000 worth of these products. Five other major suppliers of Nuclear reactors, boilers, machinery, and mechanical appliances were Mali, China, Japan, Thailand, and the United States.

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

Imports of Animal, vegetable, or microbial fats and oils and their cleavage products totaled US$63,000. This is lower than the previous period's US$193,000. Besides Iceland, Indonesia also imports Animal, vegetable, or microbial fats and oils and their cleavage products from the Philippines, Malaysia, Thailand, Singapore, and Mali. In addition to these major countries, Indonesia imported this product from 45 other countries.

5. Other chemical products

Imports of Other chemical products from Iceland ranked 64th. In 2022, Indonesia imported US$22,000 worth of these products. Besides Iceland, the largest importers of Other chemical products were Mali, China, Japan, Singapore, and the United States.