Indonesia was the largest exporter of animal fats and oils to Latvia in 2023.
- A Small Font
- A Medium Font
- A Bigger Font
Indonesia recorded exports to Latvia of US$62.68 million as of December 2023. This figure represents a 1.64% increase compared to the previous year's exports, which totaled US$61.67 million.
Indonesia's trade record with Latvia shows an upward trend in exports over the past 10 years. The lowest export value was US$48.49 million, while the highest reached US$133.48 million.
Of the 97 products (two-digit HS codes) exported to Latvia, 36 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 43 main Indonesian products exported to Latvia annually. In other words, these products are Indonesia's mainstay exports to Latvia. The majority of other products are also exported to many other countries.
The following is a list of the top five products exported by Indonesia to Latvia. This list is ordered from the highest to lowest transaction value.
- Animal, vegetable or microbial fats and oils and their fractions
- Rubber
- Wood and wood articles
- Machinery, electrical equipment and parts
- Organic chemicals
Falling under HS code 15, Animal, vegetable or microbial fats and oils and their fractions are a group of export goods categorized together with prepared edible fats. Exports of this product to Latvia ranked first, with Indonesia exporting US$29.59 million. The export value of Animal, vegetable or microbial fats and oils and their fractions; Prepared edible fats increased compared to the previous period, which recorded US$16,871 thousand.
Rubber, categorized under HS code 40. Indonesia exported US$11.01 million worth of rubber.
Exports of Wood and wood articles to Latvia were among the largest. In 2023, Indonesia recorded exports of US$8.46 million. Five other countries that are sources of Wood and wood articles exports are the United States, China, Japan, Germany, and the United Kingdom.
Another exported product is Machinery, electrical equipment and parts, valued at US$2.5 million. The export value of this product increased compared to the previous period, which recorded US$348 thousand. Indonesia exported this product to only one country. Exports of Machinery, electrical equipment and parts to Latvia were recorded as the largest. Five other countries that are sources of Machinery, electrical equipment and parts exports are China, the United States, Hong Kong, China, Germany, and Singapore.
Another exported product is Organic chemicals, valued at US$1.52 million. The export value of this product increased compared to the previous period, which recorded US$864 thousand. Trademap data shows Indonesia's trading activity exporting Organic chemicals to 4 countries. Exports of Organic chemicals to Latvia were the largest. Five other countries that are sources of Organic chemicals exports are the United States, China, Germany, Belgium, and India.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data