These are the Products Most Imported by Indonesia from Saudi Arabia in 2023
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Indonesia recorded imports from Saudi Arabia totaling US$4.07 billion as of December 2023. This represents a significant 25.94% decrease compared to the previous year's imports of US$5.49 billion.
Indonesia's trade record with Saudi Arabia shows a considerable decline in imports over the past 10 years. The lowest import value was US$2.61 billion, while the highest reached US$6.52 billion.
Of the 97 products (two-digit HS codes) imported from Saudi Arabia, 39 products were valued at over one billion dollars. Furthermore, according to Trademap data, Indonesia imports 59 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 Saudi Arabia, ordered from highest to lowest transaction value.
- Mineral fuels, mineral oils and products of their distillation
- Organic chemicals
- Plastics
- Salt
- Iron and steel
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 Saudi Arabia rank first. Indonesia imported US$3.32 billion worth of these products from Saudi Arabia. This is lower than the previous period's US$4.58 billion.
Second on the list is organic chemicals. Imports from Saudi Arabia in 2023 totaled US$316.01 million. This is an increase compared to the previous period's US$306.63 million.
Indonesia's plastic imports are primarily sourced from this country. In 2023, Indonesia imported US$228.16 million worth of plastics. Five other countries that are major sources of plastic imports are China, the United States, Germany, South Korea, and Belgium.
Indonesia's salt imports from Saudi Arabia are currently the largest. Imports from Saudi Arabia totaled US$69.13 million. Other major sources of salt imports include China, Turkey, the United States, Germany, and India.
Indonesia also imported US$28.98 million worth of iron and steel from Saudi Arabia. This represents an increase compared to the previous period's US$22,417 thousand. Trademap data shows that Indonesia imports iron and steel from four countries. Imports from Saudi Arabia are the largest. Five other major sources of iron and steel imports are China, Germany, Japan, Indonesia, and South Korea.
"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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