Indonesia recorded imports from Guatemala totaling US$823,000 as of December 2022. This figure represents a 12.45% decrease compared to the previous year's imports, which were recorded at US$940,000.
Indonesia's trade record with Guatemala shows a significant decrease in imports over the past 10 years. The lowest import value was US$792,000, while the highest reached US$46,284,000.
Of the 97 products (two-digit HS codes) imported from Guatemala, 42 products were worth more than one billion dollars. Most of the imported products from Guatemala are also imported from other countries, with 13 products falling into this category.
The following is a list of the top five products imported by Indonesia from Guatemala, ordered from highest to lowest transaction value:
1. Manufactured tobacco and tobacco substitutes
Falling under HS code 24, Manufactured tobacco and tobacco substitutes are categorized together with products, whether or not containing nicotine. Imports of this product from Guatemala ranked first. Indonesia imported US$383,000 worth of this product from Guatemala. This represents an increase compared to the previous period, which recorded US$381,000.
2. Coffee, tea, maté, and spices
Coffee, tea, maté, and spices fall under HS code 09 according to Trademap classification. Indonesia imported US$139,000 worth of these products.
3. Rubber and articles thereof
Indonesia also imports a significant amount of rubber and articles thereof from Guatemala. The value of these imports amounted to US$137,000. This is lower than the previous period, which reached US$182,000. Indonesia imports this product from 94 countries. Imports of rubber and articles thereof from Guatemala ranked 55th. Other top five suppliers of this import product to Indonesia include Japan, China, Mali, Korea, Republic of Korea, and Thailand.
4. Knitted or crocheted fabrics
Indonesia imports this product from 66 countries. Imports of knitted or crocheted fabrics from Guatemala ranked 36th. In 2022, Indonesia imported US$64,000 worth of this product. Besides Guatemala, the largest imports of knitted or crocheted fabrics come from China, Mali, Korea, Republic of Korea, Taipei, China, and Vietnam.
5. Lac
Falling under HS code 13, Lac is categorized together with gums, resins, and saps and other vegetable extracts. Indonesia imported US$29,000 worth of Lac, an increase compared to the previous period's US$1,000. Imports of Lac from Guatemala ranked 31st. Besides Guatemala, the largest imports of Lac come from China, Mali, India, Spain, and France. Indonesia also imports this product from 43 countries.