Indonesia Imported the Most Mineral Fuels from Colombia in 2023
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Indonesia recorded imports from Colombia worth US$24.07 million as of December 2023. This figure shows a 49.84% decrease compared to the previous year's imports, which were recorded at US$47.98 million.
Indonesia's trade record with Colombia shows an upward trend in imports over the past 10 years. The lowest Indonesian import value was US$6.05 million, while the highest was US$47.98 million.
Of the 97 products (two-digit HS codes) imported from Colombia, 41 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 35 main products annually from this country. This indicates a significant dependence on these imported products. The remaining products are largely imported from other countries as well.
The following is a list of the top five products imported by Indonesia from Colombia. This list is ordered from the highest to lowest transaction value.
- Mineral fuels, mineral oils and products of their distillation
- Other chemical products
- Organic chemicals
- Pharmaceutical products
- Coffee, tea, maté, and spices
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 Colombia rank first. Indonesia imported US$14.06 million. The import value of mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes was lower than the previous period, which reached US$34.95 million.
Second, Indonesia's largest imports are other chemical products. Imports from Colombia in 2023 were recorded at US$2.98 million. This figure is lower than the previous period, which reached US$3.041 million.
Indonesia also imports a significant amount of organic chemicals from Colombia. The import value of this product was US$2.53 million. This amount is lower than the previous period, which reached US$4.448 million. Besides Colombia, Indonesia also relies on imports of organic chemicals from China, the United States, Ireland, Switzerland, and Belgium. In addition to these main countries, Indonesia is recorded as importing this product from 4 other countries.
Imports of pharmaceutical products from Colombia are currently the largest. From this country, Indonesia imported US$1.62 million. Other countries that are major sources of pharmaceutical product imports are Germany, Switzerland, the United States, Belgium, and Ireland.
This product is sourced from a single country. Imports of coffee, tea, maté, and spices from this country are the largest. In 2023, Indonesia recorded imports of US$0.77 million. Five other countries that are sources of coffee, tea, maté, and spice imports are Brazil, Vietnam, India, Germany, and 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."
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