Indonesia recorded imports from Peru totaling US$111,807,000 in December 2022. This figure represents a 32.71% increase compared to the previous year's imports of US$84,249,000.
Indonesia's trade record with Peru shows an upward trend in imports over the past 10 years. 2022 marked a historic high with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from Peru, 43 products were valued at over one billion dollars. Most of the imported products from Peru (33 products) are also imported from other countries in significant quantities.
The following is a list of the top five products imported by Indonesia from Peru, ordered from highest to lowest transaction value:
1. Cocoa and cocoa preparations: Indonesia imported a significant amount of cocoa and cocoa preparations, classified under HS code 18 in the Trademap classification. In 2022, imports totaled US$47,200,000, an increase from US$27,047,000 in the previous period.
2. Fertilizers: Fertilizers, classified under HS code 31 in Trademap, amounted to US$28,411,000 in imports.
3. Mineral fuels, mineral oils and products of their distillation: Indonesia imported a significant quantity of mineral fuels, mineral oils and products of their distillation from Peru, totaling US$13,321,000. This represents an increase from US$9,282,000 in the previous period. Besides Peru, Indonesia also relies on imports of these products from Singapore, Malaysia, Nigeria, the United States, and India. In addition to these major countries, Indonesia imported this product from 63 other countries.
4. Edible fruits and nuts: Falling under HS code 08, edible fruits and nuts (categorized together with citrus fruit peels or melon peels) amounted to US$10,841,000 in imports, slightly lower than the previous period's US$10,990,000. Trademap data shows Indonesia imports edible fruits and nuts from 41 countries. Imports from Peru rank 13th. Other top five suppliers of this product to Indonesia are Philippines, China, Thailand, the United States, and Egypt.
5. Lac: Indonesia also imported US$3,317,000 worth of lac from Peru. This represents an increase from US$1,016,000 in the previous period. Lac imports from Peru rank eighth. The largest imports of lac come from China, the Philippines, India, Spain, and France. Indonesia also imports this product from 43 other countries.