Date,
Time MSK

23.06.2016



Indonesian-Russian Bilateral Trade in 2015


In 2015 Indonesian-Russian bilateral trade volume decreased by 26% and reached 1.9 billion USD compared to 2.6 billion USD in 2014.


Indonesian exports to Russia fell to 1.5 billion USD (by 11%) while imports fell to 0.4 billion USD (by 52%) (see Figure 1).



Figure 1. 2007-2015 Indonesian-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Indonesian-Russian bilateral trade turnover, billion USD.png



Indonesian exports to Russia


Indonesia primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Animal, vegetable fats and oils, cleavage products, etc (41%)

▪ Coffee, tea, mate and spices (7%)

▪ Rubber and articles thereof (7%)

▪ Cocoa and cocoa preparations (6%)

▪ Footwear, gaiters and the like, parts thereof (6%)

▪ Electrical, electronic equipment (6%)

▪ Ships, boats and other floating structures (4%)

▪ Machinery, nuclear reactors, boilers, etc (3%)

▪ Plastics and articles thereof (3%)

▪ Articles of apparel, accessories, not knit or crochet (2%)

▪ Articles of apparel, accessories, knit or crochet (1%)

▪ Miscellaneous chemical products (1%)

▪ Organic chemicals (1%)

▪ Tin and articles thereof (1%)


In 2015 the imports of Indonesian made products in Russia experienced a significant fall. The imports of articles of apparel, accessories, not knit or crochet fall by 43%; the imports of electrical, electronic equipment - by 49%.



Figure 2. Structure of Indonesian Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Indonesian Exports to Russia in 2015.png



Table 1. Key products exported from Indonesia to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Indonesian products

15

Animal, vegetable fats and oils, cleavage products, etc

$642,000

$597,415

-7%

58.60

7.3

09

Coffee, tea, mate and spices

$69,032

$102,404

48%

8.70

2.3

40

Rubber and articles thereof

$123,039

$100,531

-18%

3.80

7.1

18

Cocoa and cocoa preparations

$72,599

$89,266

23%

9.30

5.8

64

Footwear, gaiters and the like, parts thereof

$133,476

$87,996

-34%

3.80

8.4

85

Electrical, electronic equipment

$168,767

$86,475

-49%

0.40

3.4

89

Ships, boats and other floating structures

$0

$60,995

-

4.90

7.4

84

Machinery, nuclear reactors, boilers, etc

$63,602

$44,207

-30%

0.10

1.9

39

Plastics and articles thereof

$33,937

$39,577

17%

0.50

6.9

62

Articles of apparel, accessories, not knit or crochet

$63,423

$36,099

-43%

1.40

14.9

61

Articles of apparel, accessories, knit or crochet

$31,585

$20,746

-34%

0.90

22.8

38

Miscellaneous chemical products

$26,079

$18,663

-28%

0.70

4.3

29

Organic chemicals

$15,354

$17,582

15%

0.70

3.4

80

Tin and articles thereof

$21,445

$17,211

-20%

62.60

1.3



Russian exports to Indonesia


In 2015 Russia has exported to Indonesia the following products (see Figure 3, Table 2):


▪ Fertilizers (40%)

▪ Mineral fuels, oils, distillation products, etc (24%)

▪ Cereals (9%)

▪ Salt, sulphur, earth, stone, plaster, lime and cement (7%)

▪ Iron and steel (7%)

▪ Paper and paperboard, articles of pulp, paper and board (6%)

▪ Aluminium and articles thereof (2%)

▪ Pulp of wood, fibrous cellulosic material, waste etc (1%)

▪ Rubber and articles thereof (1%)

▪ Inorganic chemicals, precious metal compound, isotopes (1%)



2015 showed a significant rise in Russian exports to Indonesia of articles of iron or steel (+711%). At the same time the exports of mineral fuels, oils, distillation products (-81%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Indonesia in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Indonesia in 2015.png



Table 2. Key products exported from Russia to Indonesia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

31

Fertilizers

$146,245

$173,937

19%

11.3

27

Mineral fuels, oils, distillation products, etc

$553,509

$103,214

-81%

0.7

10

Cereals

$53,295

$41,176

-23%

1.6

25

Salt, sulphur, earth, stone, plaster, lime and cement

$28,256

$30,785

9%

5.2

72

Iron and steel

$36,110

$29,887

-17%

0.6

48

Paper and paperboard, articles of pulp, paper and board

$44,311

$25,166

-43%

2

76

Aluminium and articles thereof

$4,398

$8,991

104%

0.7

47

Pulp of wood, fibrous cellulosic material, waste etc

$12,133

$6,229

-49%

0.5

40

Rubber and articles thereof

$3,564

$2,615

-27%

0.2

28

Inorganic chemicals, precious metal compound, isotopes

$2,796

$2,523

-10%

0.2

29

Organic chemicals

$4,243

$2,094

-51%

0

09

Coffee, tea, mate and spices

$850

$1,808

113%

1.8

84

Machinery, nuclear reactors, boilers, etc

$4,242

$1,515

-64%

0

73

Articles of iron or steel

$169

$1,370

711%

0



Table 3 represents basic macroeconomic and foreign trade indicators for both countries.




Table 3. Macroeconomic Indicators for Russia and Indonesia. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Indonesia

GDP in 2014, billion dollars

1,857.461

888.648

GDP in 2015, billion dollars

1,175.996

895.677

Inflation, average consumer prices, %

7.82

6.8

Volume of imported goods, billion dollars

282.6

178.2

Volume of exported goods, billion dollars

492.1

176.0

Unemployment rate, %

5.10

5.80

Population, millions

143.7

255.1


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