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Indonesia recorded imports from Kuwait worth US$234.1 million as of December 2023. This figure represents a 62.18% increase compared to the previous year's imports, which totaled US$144.34 million.
Indonesia's trade record with Kuwait shows a significant decrease in imports over the past 10 years. The lowest import value was US$144.34 million, while the highest reached US$1.46 billion.
Of the 97 products (two-digit HS codes) imported from Kuwait, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 17 main products annually from this country. This indicates a significant 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 imported by Indonesia from Kuwait, ordered from highest to lowest transaction value.
- Mineral fuels, mineral oils and products of their distillation
- Plastics
- Organic chemicals
- Salt
- Glass and glassware
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 Kuwait rank first. Indonesia imported US$176.55 million worth. Imports of mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes increased compared to the previous period, which recorded US$103.19 million.
Second, Indonesia's largest imports are plastic products. Imports from Kuwait in 2023 totaled US$19.55 million. This figure is up from the previous period, which recorded US$19,006 thousand.
Organic chemicals fall under product category HS code 29. From this country, Indonesia imported US$19.45 million. Currently, the largest imports of organic chemicals still originate from Kuwait. Besides this country, the five largest sources of Indonesia's organic chemical imports are China, the United States, Ireland, Switzerland, and Belgium.
Imports of salt from this country are the largest. In 2023, Indonesia recorded imports worth US$15.81 million. Other countries among the top five suppliers of this imported product to Indonesia are China, Türkiye, the United States, Germany, and India.
Fifth, Indonesia also recorded significant imports of glass and glassware from Kuwait. Imports of this product in 2023 amounted to US$1.54 million. This figure is up from the previous period, which recorded US$1,325 thousand. Trademap data shows Indonesia's trade activity importing glass and glassware from 4 countries. Imports of glass and glassware from this country are the largest. Other countries among the top five suppliers of this imported product to Indonesia are China, Germany, the United States, France, and Italy.
"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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