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Indonesia recorded US$2.9 million in imports from Bhutan as of December 2023. This figure represents a 73.77% increase compared to the previous year's imports of US$1.67 million.
Indonesia's trade record with Bhutan shows an upward trend in imports over the past 10 years. 2023 marked 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 million 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, ordered from 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. In the Trademap classification, iron and steel fall under HS code 72. In 2023, Indonesia imported US$2.89 million worth of iron and steel. This represents an increase compared to the previous period's recorded US$1,669 thousand.
Falling under HS code 84, nuclear reactors, boilers, machinery and mechanical appliances are a group of imported goods categorized together with parts. Indonesia imported US$9 thousand.
Falling under HS code 56, wadding, felt and nonwovens are a group of imported goods categorized together with special yarn and thread, twine, cordage and ropes. Indonesia imported US$0 thousand, representing an increase as no imports were reported from this country in the previous year. Besides Bhutan, Indonesia also relies on imports of wadding, felt and nonwovens from China, Germany, the United States, Italy and Japan. In addition to these main countries, Indonesia imported this product from 5 other countries.
Indonesia imported this product from 0 countries. Imports of tanning or dyeing extracts from this country were the largest. Other countries among the top five suppliers of this imported product to Indonesia are Germany, China, the United States, the Netherlands and Belgium.
Indonesia also imported a significant amount of special woven fabrics from Bhutan. The value of imports of this product was US$0 thousand. In the previous year, Indonesia did not record any imports from this country. Trademap data shows that Indonesia imports special woven fabrics from 5 countries. Imports of special woven fabrics from this country were 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."