Main Products Exported from Indonesia to the Philippines in 2023
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Indonesia recorded exports to the Philippines of US$11.04 billion as of December 2023. This value decreased by 14.44% compared to the previous year's exports, which were recorded at US$12.9 billion.
Looking at the trade track record between Indonesia and the Philippines, exports over the past 10 years have been on an upward trend. Indonesia's lowest export value was US$3.89 billion, while the highest reached US$12.9 billion.
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Out of the 97 products (2-digit HS code) exported to the Philippines, 45 products are worth over one billion US dollars. Additionally, according to Trademap data, there are 88 main Indonesian products exported to this country every year. In other words, these products are Indonesia's flagship exports to the Philippines. Moreover, most of these products are also widely exported to other countries.
Here is a list of the top five main products exported from Indonesia to the Philippines, ordered from the highest transaction value to the lowest.
- Mineral fuels, mineral oils and products of their distillation
- Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
- Other edible preparations
- Ores, slag and ash
- Animal, vegetable or microbial fats and oils and their cleavage products
Falling under HS code 27, mineral fuels, mineral oils and products of their distillation are grouped together with bituminous substances and minerals in export goods. Exports of this product to the Philippines rank first. Indonesia exported US$3.39 billion worth of this product. The export value of mineral fuels, mineral oils and products of their distillation; bituminous substances; minerals is lower than the previous period, which reached US$5.02 billion.
Vehicles other than railway or tramway rolling stock, and parts and accessories thereof fall under HS code 87 in Trademap's classification. Indonesia exported US$2.88 billion worth of this product to the country.
Indonesia also exports a large amount of other edible preparations to the Philippines. The export value of this product is US$600.15 million. This figure is an increase from the previous period's recorded US$549.5 million. Indonesia exports this product to only one country, and exports to the Philippines are the largest. The other five countries that are sources of other edible preparations exports are the United States, China, Germany, the United Kingdom and France.
(Read: Global Natural Gas Prices Drop to US$3.65 /Mmbtu Level (Tuesday, January 07, 2025))
Indonesia also records significant exports of ores, slag and ash to the Philippines. The export value of this product in 2023 was US$526.02 million. This figure is an increase from the previous period's recorded US$455.51 million. Trademap data shows that Indonesia trades ores, slag and ash with 4 countries, and exports to this country are the largest. The other five countries that are sources of ores, slag and ash exports are China, Japan, the Republic of Korea, Germany and Afghanistan.
Indonesia exports this product to only one country, and exports to this country are the largest. In 2023, Indonesia recorded exports worth US$459.48 million. The other five countries that are sources of animal, vegetable or microbial fats and oils and their cleavage products exports are Ship and bunker stores, Sierra Leone, Singapore, Sint Maarten (Dutch part) and Slovakia.
"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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