Indonesia is the Largest Exporter of Fats to Bangladesh

Indonesia recorded exports to Bangladesh of US$1.69 billion as of December 2020. This figure represents an 11.91% decrease compared to the previous year's exports, which totaled US$1.91 billion.

Indonesia's trade record with Bangladesh shows an upward trend in exports over the past 10 years. The lowest export value was US$1.07 billion, while the highest reached US$1.91 billion.

Of the 97 products (two-digit HS codes) exported to Bangladesh, 40 products were worth over one billion dollars. Most of the exported products (70 products) are also exported to other countries.

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

1. Vegetable fats and oils and their fractions

Falling under HS code 15, Vegetable fats and oils and their fractions are categorized together with edible fats and animal... This product group ranked first in exports to Bangladesh, with a value of US$705.11 million. This is lower than the previous period's US$713.43 million.

2. Mineral fuels, mineral oils and products of their distillation

Falling under HS code 27, Mineral fuels, mineral oils and products of their distillation are categorized together with bituminous substances and mineral... Indonesia exported US$335.39 million worth of these products.

3. Man-made staple fibers

Indonesia also exported US$104.9 million worth of Man-made staple fibers to Bangladesh. This is lower than the previous period's US$135.02 million. Indonesia exports this product to 104 countries. Bangladesh ranked fourth among export destinations. Other top five export destinations include Turkey, Pakistan, Japan, and the Republic of Korea.

4. Salt

Indonesia exported this product to 52 countries. Exports to Bangladesh ranked second. In 2020, Indonesia exported US$88,077,000 worth of salt. Besides Bangladesh, the largest salt exports went to China, Singapore, the Philippines, and Taipei, China.

5. Wood pulp and other cellulose pulp

Indonesia also exported US$87,373,000 worth of Wood pulp and other cellulose pulp to Bangladesh. This is lower than the previous period's US$150.44 million. Besides Bangladesh, Indonesia also exports Wood pulp and other cellulose pulp to China, the Republic of Korea, India, and the United Arab Emirates. In addition to these main countries, Indonesia exported this product to 28 other countries.