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Indonesia recorded exports to Qatar totaling US$713.53 million as of December 2023. This figure represents a 140.4% increase compared to the previous year's exports of US$296.81 million.
Indonesia's trade record with Qatar shows an upward trend in exports over the past 10 years. 2023 marks a historic high with the highest export value ever recorded.
Of the 97 products (two-digit HS codes) exported to Qatar, 37 products were worth more than one billion dollars. Furthermore, according to Trademap data, 71 major Indonesian products are exported to Qatar annually. In other words, these products are Indonesia's main export staples to Qatar. The remaining products are largely those also exported to other countries.
The following is a list of the top five products exported by Indonesia to Qatar, ordered from highest to lowest transaction value:
1. Ships, boats, and floating structures
Ships, boats, and floating structures (HS code 89) rank first in exports to Qatar. Indonesia exported US$324.03 million worth of these products. This represents an increase compared to the previous period, which recorded US$32,419 thousand.
2. Iron or steel
Indonesia exported US$209.65 million worth of iron or steel (HS code 73).
3. Vehicles other than railway or tramway rolling-stock, and parts and accessories
Exports of vehicles other than railway or tramway rolling-stock, and parts and accessories to Qatar are currently the largest. Indonesia exported US$61.81 million worth of these products to Qatar. Other major export destinations for these products include the United States, Germany, Canada, the United Kingdom, and France.
4. Machinery and electrical equipment and parts
Indonesia also exports a significant amount of machinery and electrical equipment and parts to Qatar. Exports of this product totaled US$54.11 million, an increase compared to the previous period's US$13,382 thousand. Qatar is the sole export destination for this product. The five other largest exporters of machinery and electrical equipment and parts are China, the United States, Hong Kong, China, Germany, and Singapore.
5. Paper and paperboard
Exports of paper and paperboard to Qatar are currently the largest. Indonesia exported US$15.51 million worth of these products to Qatar. Other major export destinations for paper and paperboard include the United States, Germany, France, the United Kingdom, and Italy.
"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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