Indonesia's Exports and Imports to Uruguay Decreased in 2020

Indonesia's trade balance with Uruguay showed a surplus of US$23.32 million in 2020. This trade balance value increased by 8.75% compared to the previous year's balance, which was recorded at US$21.44 million.

This positive trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$34.05 million. This value is higher than Indonesia's imports from Uruguay, which were recorded at US$10.73 million.

Indonesia's exports to Uruguay have been on a downward trend over the past year. The previous year's export value was US$41.54 million.

Meanwhile, imports, according to Trademap data, decreased by 46.62% compared to the previous year, which was recorded at US$20.1 million.

Based on product type, there were 10 main export products from Indonesia to Uruguay that recorded a surplus during 2020. The total export value of these main products reached US$30.27 million.

List of 10 Main Indonesian Export Products to Uruguay

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


2. (HS 08): Edible fruits and nuts; peel of citrus fruit or melons


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


4. (HS 90): Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus


5. (HS 84): Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof


6. (HS 85): Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television receivers


7. (HS 39): Plastics and articles thereof


8. (HS 29): Organic chemicals


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


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

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$21.68 billion, or an increase of 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance for Indonesia with all countries in the world was recorded at US$-3.59 billion.