Indonesia's Trade Balance with Ireland Shows a US$57.34 Million Deficit

Indonesia's trade balance with Ireland recorded a deficit of US$57.34 million in 2020. This trade deficit decreased by 26.44% compared to the previous year's deficit of US$77.95 million.

This improvement in the trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$76.19 million. However, Indonesia's imports from Ireland in 2020 were higher than exports, reaching US$133.53 million.

Indonesia's exports to Ireland have shown an upward trend over the past year. The previous year's export value was US$71.37 million.

Imports, according to Trademap data, decreased by 10.57% compared to the previous year's figure of US$149.32 million.

Based on product type, 10 main export products from Indonesia to Ireland recorded a surplus in 2020. The total value of these main exports reached US$17.92 million.

List of 10 Main Indonesian Export Products to Ireland

1. (HS 03): Fish and crustaceans, molluscs and other aquatic invertebrates


2. (HS 05): Products of animal origin, not elsewhere specified or included


3. (HS 09): Coffee, tea, maté and spices


4. (HS 13): Lac; gums, resins and other vegetable saps and extracts


5. (HS 15): Fats and oils of animal or vegetable origin and their cleavage products; edible fats; animal or vegetable fats and oils and their fractions, whether or not refined, but not chemically modified


6. (HS 20): Preparations of vegetables, fruit, nuts or other parts of plants


7. (HS 31): Fertilizers


8. (HS 34): Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modelling pastes, "putties" and other mastics


9. (HS 39): Plastics and articles thereof


10. (HS 40): Rubber and articles thereof

Globally, the trade balance for all goods improved due to an increase in several product categories. Indonesia's total trade balance was recorded at US$21.68 billion, a 703.56% increase. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.