Indonesia's exports of other chemical products to the Netherlands fell to US$646.78 million.
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Indonesia recorded exports to the Netherlands worth US$3.87 billion as of December 2023. This value represents a drastic 28.12% decrease compared to the previous year's exports, which were recorded at US$5.38 billion.
Indonesia's trade record with the Netherlands shows an upward trend in exports over the past 10 years. The lowest Indonesian export value was US$3.11 billion, while the highest reached US$5.38 billion.
Of the 97 products (two-digit HS codes) exported to the Netherlands, 65 products were worth more than one billion dollars. Furthermore, according to Trademap data, 87 main Indonesian products are exported to the Netherlands annually. In other words, these products are the mainstay of Indonesian exports to the Netherlands. The majority of these products are also exported to other countries.
The following is a list of the top five Indonesian export products to the Netherlands. This list is ordered from highest to lowest transaction value.
1. Other Chemical Products
Indonesia exported a significant amount of Other Chemical Products, categorized under HS code 38 in the Trademap classification. In 2023, Indonesia exported US$646.78 million worth of these products. This is lower than the previous period, which reached US$1.39 billion.
2. Animal, Vegetable or Microorganism Fats and Oils and their Cleavage Products
Second, Indonesia's largest export was Animal, Vegetable or Microorganism Fats and Oils and their Cleavage Products. Exports to the Netherlands in 2023 totaled US$548.6 million. This is lower than the previous period, which reached US$930.68 million.
3. Footwear, Headgear, and the Like
Exports of Footwear, Headgear, and the Like to the Netherlands are currently the largest. Indonesia exported US$402.79 million worth of these products to the Netherlands. Other major export destinations for Footwear, Headgear, and the Like include the United States, Germany, France, Italy, and Afghanistan.
4. Residues and Waste from the Food Industry
Indonesia also exported US$345.54 million worth of Residues and Waste from the Food Industry to the Netherlands. This is lower than the previous period, which reached US$375.22 million. The Netherlands is the sole export destination for this product. The five other largest exporters of Residues and Waste from the Food Industry are China, Germany, the United States, Vietnam, and Indonesia.
5. Electrical Machinery and Equipment and Parts
Falling under HS code 85, Electrical Machinery and Equipment and Parts are categorized together with sound recorders and reproducers, and television receivers. Indonesia exported US$214.38 million worth of these products. The Netherlands remains the largest export destination for Electrical Machinery and Equipment and Parts. Other top five export destinations include China, the United States, Hong Kong, China, Germany, and Singapore.
"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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