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Indonesia recorded US$20.7 million in imports from Latvia as of December 2023. This figure represents a 6.13% increase compared to the previous year's imports, which totaled US$19.51 million.
Over the past 10 years, Indonesia's trade with Latvia, specifically imports, has shown an upward trend. The lowest import value was US$1.79 million, while the highest reached US$31.42 million.
Of the 97 products (two-digit HS codes) imported from Latvia, 40 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 31 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 Latvia, ordered from highest to lowest transaction value.
- Electrical machinery, equipment, and parts
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus
- Food industry residues and waste
- Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
- Nuclear reactors, boilers, machinery and mechanical appliances
Falling under HS code 85, electrical machinery, equipment, and parts are categorized together with sound recorders and reproducers, and television sets. Imports of this product from Latvia rank first. Indonesia imported US$14.87 million worth. Imports of electrical machinery, equipment, and parts; sound recorders and reproducers, and television sets increased compared to the previous period, which recorded US$13,689,000.
In the Trademap classification, optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus fall under HS code 90. Indonesia imported US$2.13 million worth from this country.
Imports of food industry residues and waste from Latvia are currently the largest. Indonesia imported US$1.18 million from this country. Other major suppliers of food industry residues and waste include the United States, Brazil, Germany, the Netherlands, and Argentina.
Indonesia imports a significant amount of vehicles other than railway or tramway rolling-stock, and parts and accessories thereof from Latvia. Imports of this product totaled US$0.99 million. This represents an increase compared to the previous period, which recorded US$854,000. Indonesia imports this product from a single country. Imports of vehicles other than railway or tramway rolling-stock, and parts and accessories thereof from Latvia are the largest. Other top five suppliers of this imported product to Indonesia are Germany, China, Japan, Mexico, and the United States.
Next, Indonesia imports a significant amount of nuclear reactors, boilers, machinery and mechanical appliances from Latvia. Imports of this product totaled US$0.39 million. This is lower than the previous period, which reached US$421,000. Trademap data shows that Indonesia imports nuclear reactors, boilers, machinery and mechanical appliances from four countries. Imports of nuclear reactors, boilers, machinery and mechanical appliances from this country are the largest. The other five countries that are sources of nuclear reactors, boilers, machinery and mechanical appliances imports are China, Germany, the United States, Japan, 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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