Indonesia Imported US$660.29 Million Worth of Dairy Products from New Zealand in 2023
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Indonesia recorded imports from New Zealand worth US$1.13 billion as of December 2023. This value decreased by 19.06% compared to the previous year's imports, which were recorded at US$1.4 billion.
Indonesia's trade record with New Zealand shows an upward trend in imports over the past 10 years. The lowest Indonesian import was US$637.01 million, and the highest import was US$1.4 billion.
Of the 97 products (two-digit HS codes) imported from New Zealand, 45 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 72 main Indonesian products imported annually from this country. This indicates a significant dependence on these imported products. The rest are mostly products also imported from other countries in large quantities.
The following is a list of the top five main products imported by Indonesia from New Zealand. This list is ordered from the largest transaction value.
- Dairy products
- Wood pulp or other fibrous cellulosic materials
- Food industry residues and waste
- Albuminoidal substances
- Mineral fuels, mineral oils, and products of their distillation
Indonesia imports a large quantity of dairy products. In the Trademap classification, dairy products fall under the HS code 04. This product category is grouped together with bird eggs, natural honey, and edible products of animal origin, not elsewhere specified.
In 2023, Indonesia imported US$660.29 million worth of these products. This is lower than the previous period, which reached US$854.2 million.
Second, Indonesia's largest imports are wood pulp or other fibrous cellulosic materials. Imports from New Zealand in 2023 were recorded at US$73.72 million. This is lower than the previous period, which reached US$102.67 million.
Imports of food industry residues and waste from New Zealand are currently the largest. Indonesia imported US$59.98 million worth from this country. Other major suppliers of food industry residues and waste include the United States, Brazil, Germany, the Netherlands, and Argentina.
This product is sourced primarily from one country. Imports of albuminoidal substances from New Zealand are the largest. In 2023, Indonesia imported US$58.66 million worth. Other top five suppliers of this imported product to Indonesia include the United States, Germany, China, the Netherlands, and Denmark.
Imports of mineral fuels, mineral oils, and products of their distillation from New Zealand are currently the largest. Indonesia imported US$37.35 million worth from this country. Other major suppliers of mineral fuels, mineral oils, and products of their distillation include the United States, the United Arab Emirates, Saudi Arabia, Canada, and the Netherlands.
"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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