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Indonesia recorded US$6.7 billion in exports to Taipei as of December 2023. This figure represents a 22.97% decrease compared to the previous year's exports, which totaled US$8.7 billion.
Indonesia's trade record with Taipei shows an upward trend in exports over the past 10 years. The lowest export value was US$3.65 billion, while the highest reached US$8.7 billion.
Of the 97 products (two-digit HS codes) exported to Taipei, 49 products were worth more than one billion dollars. Furthermore, according to Trademap data, 89 major Indonesian products are exported to Taipei annually. In other words, these products are Indonesia's main exports to Taipei. Many of the other products are also exported to other countries.
The following is a list of the top five products exported by Indonesia to Taipei, ordered from highest to lowest transaction value.
- Mineral fuels, mineral oils and products of their distillation
- Iron and steel
- Paper and paperboard
- Machinery, mechanical appliances and electrical parts
- Ores, slag and ash
Falling under HS code 27, mineral fuels, mineral oils and products of their distillation are a group of export goods categorized together with bituminous substances and mineral waxes. Exports of this product to Taipei ranked first, with Indonesia exporting US$2.4 billion. This is lower than the previous period, which reached US$3.76 billion.
Second, Indonesia's largest export was iron and steel products. Exports to Taipei in 2023 totaled US$2.1 billion. This is lower than the previous period, which reached US$2.19 billion.
Exports of paper and paperboard to Taipei are currently the largest. Indonesia exported US$172.38 million to this destination. Other major export destinations for paper and paperboard include the United States, Germany, France, the United Kingdom, and Italy.
Indonesia also exports a significant amount of machinery, mechanical appliances, and electrical parts to Taipei. The value of these exports totaled US$166.69 million, an increase compared to the previous period's US$162.94 million. Taipei remains the largest export destination for these products. Other top five export destinations include China, the United States, Hong Kong, Germany, and Singapore.
Indonesia also exports significant quantities of ores, slag, and ash to Taipei, with a value of US$165.45 million. This is lower than the previous period's US$572.53 million. Besides Taipei, Indonesia also relies on exports of ores, slag, and ash to China, Japan, South Korea, Germany, and Afghanistan. In addition to these main countries, Indonesia also exported this product to 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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