Indonesia Imported the Most Mineral Fuel from Kuwait in 2023
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Indonesia recorded imports from Kuwait totaling US$234.1 million as of December 2023. This figure represents a 62.18% increase compared to the previous year's imports, which were recorded at 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 from this country annually. This indicates a considerable 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 of these products from Kuwait. This represents an increase compared to the previous period, which recorded US$103.19 million.
Plastics fall under the HS code 39. Indonesia imported US$19.55 million worth of plastics from Kuwait.
Indonesia's imports of organic chemicals from Kuwait are the largest. In 2023, Indonesia imported US$19.45 million worth of these products. Other top five suppliers of this imported product to Indonesia include China, the United States, Ireland, Switzerland, and Belgium.
Indonesia's salt imports from Kuwait are currently the largest. Indonesia imported US$15.81 million worth of salt from Kuwait. Other major salt import suppliers include China, Turkey, the United States, Germany, and India.
Indonesia's imports of glass and glassware from Kuwait are currently the largest. Indonesia imported US$1.54 million worth of these products from Kuwait. Other major glass and glassware import suppliers include 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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