Indonesia's Soap Exports to Api Plunge to US$1.2 Million
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Indonesia recorded exports to Api totaling US$3.09 million as of December 2023. This value represents a 71.43% decrease compared to the previous year's exports, which reached US$10.82 million.
Indonesia's trade record with Api shows a significant decline in exports over the past 10 years. The lowest export value to Api was US$3.09 million, while the highest reached US$15.39 million.
Of the 97 products (two-digit HS codes) exported to Api, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, nine main Indonesian products are exported to this country annually. In other words, these products are the mainstay of Indonesian exports to Api. 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 Api. This list is ordered from highest to lowest transaction value.
- Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured
- Other chemical products
- Organic chemicals
- Animal, vegetable or microbial fats and oils and their fractions
- Rubber
Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured (HS Code 34). Exports of this product to Api ranked first. Indonesia exported US$1.2 million worth. The value of exports of Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured is lower than the previous period, which reached US$5,688 thousand.
Second, Indonesia's largest export was other chemical products. Exports to Api in 2023 were recorded at US$0.74 million. This figure is higher than the previous period, which was recorded at US$258 thousand.
Next, Indonesia also recorded significant exports of organic chemicals to Api. The value of exports of this product in 2023 was US$0.45 million. This amount is lower than the previous period, which reached US$2,074 thousand. The largest current export of organic chemicals is still destined for Api. Besides this country, the five largest countries that are the source of Indonesian organic chemical exports are the United States, China, Germany, Belgium, and India.
Indonesia also exports a significant amount of animal, vegetable or microbial fats and oils and their fractions to Api. The value of exports of this product amounted to US$0.25 million. This amount is lower than the previous period, which reached US$388 thousand. The largest current export of animal, vegetable or microbial fats and oils and their fractions is still destined for Api. Besides this country, the five largest countries that are the source of Indonesian exports of animal, vegetable or microbial fats and oils and their fractions are Ship chandlers and bunkers, Sierra Leone, Singapore, Sint Maarten (Netherlands Antilles), and Slovakia.
Rubber exports to Api are currently the largest. Indonesia exported US$0.18 million to this country. Other countries that are major destinations for rubber exports with the highest value are the United States, Germany, China, Mexico, and France.
"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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