These are the Products Indonesia Imports Most from Venezuela

Indonesia recorded imports from Venezuela totaling US$11,000,000 (data as of December 2022). This figure represents a 20.53% decrease compared to the previous year's imports, which were recorded at US$13,841,000.

Indonesia's trade record with Venezuela shows an upward trend in imports over the past 10 years. The lowest Indonesian import value was US$265,000, while the highest was US$13,841,000.

Of the 97 products (two-digit HS codes) imported from Venezuela, 39 products were worth more than one billion dollars. Most of the imported products from Venezuela are also imported from other countries, with seven products falling into this category.

The following is a list of the top five products imported by Indonesia from Venezuela, ordered from highest to lowest transaction value.

1. Cocoa and cocoa preparations

Indonesia imported a significant amount of cocoa and cocoa preparations. In the Trademap classification, cocoa and cocoa preparations fall under HS code 18. In 2022, Indonesia imported US$6,395,000 worth of these products. This is lower than the previous period's value of US$10,084,000.

2. Edible vegetables and certain roots and tubers

Indonesia's second largest import from Venezuela was edible vegetables and certain roots and tubers. Imports in 2022 totaled US$3,686,000, an increase compared to the previous year's US$1,844,000.

3. Raw hides and skins (other than furskins) and leather

Indonesia imports this product from 72 countries. Imports of raw hides and skins (other than furskins) and leather from Venezuela ranked 31st. In 2022, Indonesia imported US$813,000 worth of these products. Besides Venezuela, the largest importers of raw hides and skins (other than furskins) and leather are Vietnam, China, Mali, Thailand, and the Republic of Korea.

4. Manufactured tobacco and tobacco substitutes

Falling under HS code 24, manufactured tobacco and tobacco substitutes are categorized together with products, whether or not containing nicotine. Indonesia imported US$94,000 worth of these products, showing an increase as no imports were reported from Venezuela in the previous year. Besides Venezuela, Indonesia also imports manufactured tobacco and tobacco substitutes from Mali, China, Brazil, Singapore, and Zimbabwe. In addition to these main countries, Indonesia imports this product from 58 other countries.

5. Live animals

For this product category, Indonesia imported a significant amount of live animals from Venezuela, totaling US$9,000. No imports were recorded from Venezuela in the previous year. Trademap data shows that Indonesia imports live animals from 64 countries. Imports from Venezuela ranked 35th. The other five main countries supplying live animals are the United States, France, the Netherlands, Spain, and Malaysia.