Indonesia Imported the Most Mineral Fuels from the United States in 2023
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Indonesia recorded US$11.33 billion in imports from the United States as of December 2023. This value represents a 3.05% decrease compared to the previous year's imports, which totaled US$11.68 billion.
Over the past 10 years, Indonesia's trade record with the United States shows an upward trend in imports. The lowest import value was US$7.32 billion, while the highest reached US$11.68 billion.
Of the 97 products (two-digit HS codes) imported from the United States, 78 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 96 main products from the US annually. This indicates a significant dependence on these imported products. Many of these products are also imported from other countries.
The following is a list of the top five products imported by Indonesia from the United States, ordered from highest to lowest transaction value.
- Mineral fuels, mineral oils and products of their distillation
- Nuclear reactors, boilers, machinery and mechanical appliances
- Oil seeds and oleaginous fruits
- Food industry residues and waste
- Wood pulp or other cellulose fibers
Falling under HS code 27, mineral fuels, mineral oils and products of their distillation are grouped with bituminous substances and mineral waxes. Imports of this product from the United States ranked first, totaling US$2.2 billion. This is lower than the previous period's US$2.39 billion.
Falling under HS code 84, nuclear reactors, boilers, machinery and mechanical appliances are grouped with parts. Indonesia imported US$1.54 billion worth of these products.
Falling under HS code 12, oil seeds and oleaginous fruits are grouped with other seeds, grains, and fruits, and industrial or medicinal products. Indonesia imported US$1.27 billion. This product is sourced from a single country. Imports of oil seeds and oleaginous fruits from the United States were the largest. Other top five suppliers to Indonesia include Brazil, Canada, the Netherlands, and Paraguay.
Indonesia also imports a significant amount of food industry residues and waste from the United States, valued at US$719.53 million. This represents an increase compared to the previous period's US$662.22 million. This product is sourced from a single country. Imports of food industry residues and waste from the United States were the largest. The other top five countries supplying these products are Brazil, Germany, the Netherlands, and Argentina.
Indonesia also imported US$428.09 million worth of wood pulp or other cellulose fibers from the United States. This is lower than the previous period's US$598.31 million. This product is sourced from a single country. Imports of wood pulp or other cellulose fibers from the United States were the largest. Other top five suppliers to Indonesia include Brazil, Canada, Indonesia, and Sweden.
"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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