Indonesia Is the Largest Exporter of Stone Articles to Palau

Indonesia recorded US$196,000 in exports to Palau as of December 2020. This figure represents a 2.08% increase compared to the previous year's exports of US$192,000.

Indonesia's trade record with Palau shows a significant decline in exports over the past 10 years. The lowest export value was US$139,000, while the highest reached US$468,000.

Of the 97 products (two-digit HS codes) exported to Palau, 31 were valued at over one billion dollars. Most of the exported products (11 in total) are also exported to many other countries.

The following is a list of the top five products exported by Indonesia to Palau, ordered from highest to lowest transaction value:

1. Articles of stone, plaster, cement, asbestos, mica or similar materials.

These articles (HS code 68) were Indonesia's top export to Palau, valued at US$55,000. This represents an increase compared to the previous period's US$31,000.

2. Paper and paperboard.

Falling under HS code 48, paper and paperboard are categorized together with articles of pulp, paper or paperboard. Indonesia exported US$45,000 worth of these products to Palau.

3. Furniture.

Indonesia exports furniture to 165 countries. Exports to Palau ranked 128th, with a value of US$35,000 in 2020. Other top five export destinations include the United States, Japan, the Netherlands, Belgium, and Germany.

4. Other manufactured articles.

Indonesia also exported a significant amount of other manufactured articles to Palau, valued at US$15,000 in 2020, an increase from US$8,000 in the previous period. These exports ranked 100th. The top five other export sources for these articles are the United States, Malaysia, India, Singapore, and Bangladesh.

5. Plastics and articles thereof.

Indonesia exported these products to 162 countries. Exports to Palau ranked 139th, with a value of US$14,000 in 2020. The top five other export sources for plastics and articles thereof are China, Japan, the United States, Vietnam, and Malaysia.