Indonesia's Trade Balance with the Netherlands Shows a US$2.31 Billion Surplus

Indonesia's trade balance with the Netherlands showed a surplus of US$2.31 billion in 2020. However, this surplus decreased by 2.67% compared to the previous year's US$2.37 billion.

This decline in the trade balance, according to Trademap data, was supported by Indonesian exports reaching US$3.11 billion. This is higher than Indonesia's imports from the Netherlands, which were recorded at US$804.33 million.

Indonesian exports to the Netherlands have been declining over the past year. The previous year's export value was US$3.2 billion.

Imports, according to Trademap data, decreased by 3.33% compared to the previous year's US$832.01 million.

Based on product type, 10 main export products from Indonesia to the Netherlands recorded a surplus in 2020. The total value of these main exports reached US$2.17 billion.

List of 10 Main Indonesian Export Products to the Netherlands

1. (HS 15): Vegetable fats and oils and their cleavage products; edible fats; animal or vegetable fats and oils and their fractions, whether or not refined, but not chemically modified.


2. (HS 38): Other chemical products


3. (HS 29): Organic chemicals


4. (HS 23): Residues and waste from the food industry; prepared animal feeding stuffs


5. (HS 44): Wood and articles of wood; wood charcoal


6. (HS 80): Tin and articles thereof


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


8. (HS 40): Rubber and articles thereof


9. (HS 18): Cocoa and cocoa preparations


10. (HS 94): Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; parts thereof

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