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Indonesia recorded exports to Angola worth US$162.94 million as of December 2023. This figure shows a 49.19% decrease compared to the previous year's exports, which were recorded at US$320.66 million.
Indonesia's trade record with Angola shows an upward trend in exports over the past 10 years. The lowest Indonesian export value was US$57.71 million, and the highest was US$320.66 million.
Of the 97 products (two-digit HS codes) exported to Angola, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 32 main Indonesian products exported to this country annually. In other words, these products are the mainstay of Indonesian exports to Angola. 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 Angola, ordered from highest to lowest transaction value:
1. Animal, vegetable or microbial fats and oils and their fractions.
Falling under HS code 15, Animal, vegetable or microbial fats and oils and their fractions is a product group categorized together with Prepared edible fats. Exports of this product to Angola ranked first. Indonesia exported US$85.65 million worth of these products. This export value is lower than the previous period, which reached US$206.03 million.
2. Soap, organic surfacedactive agents, washing preparations, lubricating preparations, manufactured.
Soap, organic surfaced active agents, washing preparations, lubricating preparations, manufactured fall under product category HS code 34. Indonesia exported US$41.89 million worth of these products to Angola.
3. Iron or steel.
Indonesia also recorded significant exports of iron or steel to Angola. The value of these exports in 2023 was US$12.3 million. This is lower than the previous period, which reached US$24,120,000. Angola currently remains the largest destination for Indonesian iron or steel exports. Besides Angola, the five largest export destinations for Indonesian iron or steel are the United States, Germany, France, Mexico, and Canada.
4. Paper and paperboard.
Falling under HS code 48, Paper and paperboard is a product group categorized together with Paper pulp, paper or paperboard articles. Indonesia exported US$7.99 million worth of these products, an increase compared to the previous period, which was recorded at US$7,950,000. Besides Angola, Indonesia also relies on exports of Paper and paperboard to the United States, Germany, France, the United Kingdom, and Italy. In addition to these main countries, Indonesia is recorded as exporting this product to four other countries.
5. Nuclear reactors, boilers, machinery and mechanical appliances.
Exports of Nuclear reactors, boilers, machinery and mechanical appliances to Angola were the largest. In 2023, Indonesia recorded exports of US$3.55 million. The five other countries that are sources of exports of Nuclear reactors, boilers, machinery and mechanical appliances are the United States, China, Germany, the United Kingdom, and Mexico.
"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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