Indonesia's Exports to Slovenia Decreased, but Imports Increased in 2020

Indonesia's trade balance with Slovenia showed a surplus of US$ 52.78 million in 2020. However, this surplus decreased drastically by -37.47% compared to the previous year's balance of US$ 84.42 million.

This decline in the trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$ 80.66 million. This value is higher than Indonesia's imports from Slovenia, which were recorded at US$ 27.88 million.

Indonesia's exports to Slovenia have been declining over the past year. The previous year's export value was US$ 105.92 million.

Imports, according to Trademap data, increased by 29.65% compared to the previous year, which was recorded at US$ 21.5 million.

Based on product type, there were 10 main export products from Indonesia to Slovenia that recorded a surplus during 2020. The total value of these main exports reached US$ 64.74 million.

List of 10 Main Indonesian Export Products to Slovenia

1. (HS 40): Rubber and articles thereof


2. (HS 27): Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes


3. (HS 48): Pulp of wood or of other fibrous cellulosic material; recovered (waste and scrap) paper or paperboard; paper and paperboard; articles of paper pulp, of paper or of paperboard


4. (HS 61): Articles of apparel and clothing accessories, knitted or crocheted


5. (HS 85): Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, and parts and accessories of such articles


6. (HS 60): Knitted or crocheted fabrics


7. (HS 55): Man-made staple fibers


8. (HS 29): Organic chemicals


9. (HS 15): Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes


10. (HS 64): Footwear, gaiters and the like; parts of such articles

Globally, the trade balance for all goods was better this time due to an increase in several types of goods. The total value of Indonesia's trade balance was recorded at US$ 21.68 billion, or a 703.56% increase. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$ -3.59 billion.