Indonesia's mineral fuel imports from Iraq fall to US$32.49 million
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Indonesia recorded US$32.61 million in imports from Iraq as of December 2023. This figure represents a significant 76.75% decrease compared to the previous year's imports of US$140.28 million.
Indonesia's trade record with Iraq shows an upward trend in imports over the past 10 years. The lowest import value was US$98,000, while the highest reached US$140.28 million.
Of the 97 products (two-digit HS codes) imported from Iraq, 39 were worth more than one billion dollars. Furthermore, according to Trademap data, six main products are imported annually from Iraq. This indicates a considerable dependence on these imported products. The majority of other imported products are also commonly imported from other countries.
The following is a list of the top five products imported by Indonesia from Iraq, ordered from highest to lowest transaction value:
- Mineral fuels, mineral oils and products of their distillation
- Edible fruits and nuts
- Ores, slag and ash
- Knitted or crocheted fabrics
- Electrical machinery, equipment and parts
Indonesia imported a significant amount of mineral fuels, mineral oils, and products of their distillation. In the Trademap classification, these fall under HS code 27. This product category is grouped with bituminous substances and mineral waxes.
In 2023, Indonesia imported US$32.49 million worth of these products. This is lower than the previous period's US$139.62 million.
Falling under HS code 08, edible fruits and nuts are categorized with peel of citrus fruit or melons. Indonesia imported US$88,000 worth of these products.
Indonesia also imported a significant amount of ores, slag, and ash from Iraq. The import value in 2023 was US$28,000, lower than the previous period's US$611,000. Indonesia imports this product from a single country. Iraq is the largest supplier of ores, slag, and ash to Indonesia. Other top five suppliers include Brazil, Chile, Peru, South Africa, and Canada.
Iraq is the largest supplier of knitted or crocheted fabrics to Indonesia. In 2023, Indonesia imported US$1,000 worth of these products. The other five main suppliers are China, Türkiye, Korea, Republic of, Taipei, China, and Afghanistan.
Under HS code 85, electrical machinery, equipment, and parts are categorized with sound recorders and reproducers, television receivers. Indonesia imported US$1,000 worth of these products, lower than the previous period's US$8,000. Besides Iraq, Indonesia also imports electrical machinery, equipment, and parts from China, Hong Kong, China, Taipei, China, the United States, and Germany. In addition to these main countries, Indonesia imported these products from four other countries.
"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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