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Indonesia recorded imports from Bhutan worth US$2.9 million as of December 2023. This figure represents a 73.77% increase compared to the previous year's imports, which were recorded at US$1.67 million.
Indonesia's trade record with Bhutan 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 Bhutan, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, two main products are imported annually from Bhutan by Indonesia. This indicates a significant dependence on these imported products. The majority of other products are also imported from other countries.
The following is a list of the top five products imported by Indonesia from Bhutan. This list is ordered from the highest to lowest transaction value.
- Iron and Steel
- Nuclear reactors, boilers, machinery and mechanical appliances
- Wadding, Felt and Nonwovens
- Tanning or dyeing extracts
- Special Woven Fabrics
Indonesia imported a significant amount of Iron and Steel, categorized under HS code 72 in the Trademap classification. In 2023, Indonesia imported US$2.89 million worth of iron and steel. This represents an increase compared to the previous period, which recorded US$1,669 thousand.
Indonesia's second largest import from Bhutan was Nuclear reactors, boilers, machinery and mechanical appliances. The import value from Bhutan in 2023 was recorded at US$9 thousand. In the previous year, Indonesia recorded no imports from this country.
Imports of Wadding, Felt and Nonwovens amounted to US$0 thousand. In the previous year, Indonesia recorded no imports from this country. Currently, the largest importer of Wadding, Felt and Nonwovens remains Bhutan. Besides Bhutan, the five largest countries supplying Indonesia with Wadding, Felt and Nonwovens are China, Germany, the United States, Italy, and Japan.
Imports of Tanning or dyeing extracts from Bhutan are currently the largest. Indonesia imported US$0 thousand from this country. Other countries with the largest imports of Tanning or dyeing extracts are Germany, China, the United States, the Netherlands, and Belgium.
Indonesia imported this product from 0 countries. Imports of Special Woven Fabrics from this country are the largest. Other countries among the top five suppliers of this imported product to Indonesia are China, Hong Kong, China, Germany, Italy, and Taipei, China.
"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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