Indonesia exported US$0.52 million worth of ceramic products to Macau in 2023.
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Indonesia recorded exports to Macau worth US$2.85 million as of December 2023. This figure represents a significant 7.27% decrease compared to the previous year's exports, which totaled US$3.07 million.
Indonesia's trade record with Macau shows a drastic reduction in exports over the past 10 years. The lowest export value reached US$1.16 million, while the highest reached US$9.58 million.
Of the 97 products (two-digit HS codes) exported to Macau, 38 products were worth more than one million dollars. Furthermore, according to Trademap data, there are 30 main Indonesian products exported annually to this country. In other words, these products are the mainstay of Indonesian exports to Macau. The remaining products are largely those also exported to many other countries.
The following is a list of the top five Indonesian export products to Macau, ordered from highest to lowest transaction value:
1. Ceramic Products
Indonesia exports a significant amount of ceramic products. In the Trademap classification, ceramic products fall under HS code 69. In 2023, Indonesia exported US$0.52 million worth of ceramic products. This represents an increase compared to the previous period, which recorded US$0.456 million.
2. Wood and Wood Products
Falling under HS code 44, wood and wood products are categorized together with charcoal. Indonesia exported US$0.5 million worth of these products to Macau.
3. Coffee, Tea, Maté, and Spices
Other exports include coffee, tea, maté, and spices, totaling US$0.47 million. This represents an increase compared to the previous period, which recorded US$0.268 million. Currently, the largest export of coffee, tea, maté, and spices is to Macau. Besides Macau, the five largest export destinations for these products are the United States, Germany, France, Italy, and Canada.
4. Machinery, Electrical Equipment, and Parts
Exports of machinery, electrical equipment, and parts to Macau are currently the largest. Indonesia exported US$0.35 million worth of these products to Macau. Other major export destinations for these products include China, the United States, Hong Kong, Germany, and Singapore.
5. Pharmaceutical Products
Indonesia also exports a significant amount of pharmaceutical products to Macau, totaling US$0.19 million. This is an increase compared to the previous period, which recorded US$0.095 million. Indonesia exports these products to only one country, with Macau being the largest export destination. Other top five export destinations include the United States, Germany, Belgium, Switzerland, and China.
"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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