Indonesia Exports US$293,000 Worth of Soap to Micronesia

Indonesia recorded exports to Micronesia of US$1.18 million as of December 2020. This figure shows a 28.6% decrease compared to the previous year's exports, which were recorded at US$1.65 million.

Indonesia's trade record with Micronesia shows an upward trend in exports over the past 10 years. Indonesia's lowest export value was US$0.52 million, and the highest was US$1.65 million.

Of the 97 products (two-digit HS codes) exported to Micronesia, 0.03 thousand products were worth more than one billion dollars. Most of the export products to Micronesia are also exported to other countries, totaling 0.01 thousand products.

The following is a list of the top five products exported by Indonesia to Micronesia, ordered from highest to lowest transaction value:

1. Soap, organic surface-active agents, washing preparations, lubricating preparations, etc.

Indonesia exported a significant amount of Soap, organic surface-active agents, washing preparations, lubricating preparations, etc. In the tradmap classification, this falls under HS code 34. In 2020, Indonesia exported US$293 thousand worth of these products. This represents an increase compared to the previous period, which recorded US$228 thousand.

2. Man-made filaments

Indonesia's second-largest export to Micronesia was Man-made filaments. The export value in 2020 was recorded at US$264 thousand, an increase compared to the previous period's US$227 thousand.

3. Preparations of cereals, flour, starch or milk

Indonesia exports this product to 133 countries. Exports of Preparations of cereals, flour, starch or milk to Micronesia ranked 72nd. In 2020, Indonesia recorded exports worth US$213 thousand. Other top five export destinations include China, Malaysia, the Philippines, Vietnam, and Thailand.

4. Vegetable fats and oils and their fractions

This product falls under HS code 15. Vegetable fats and oils and their fractions are categorized together with Edible fats and animal... Indonesia exported US$201 thousand worth of these products, an increase compared to the previous period's US$196 thousand. Exports of Vegetable fats and oils and their fractions to Micronesia ranked 135th. Besides Micronesia, the largest exports of Vegetable fats and oils and their fractions were to China, India, Pakistan, Malaysia, and the United States. Indonesia also exported this product to 155 countries.

5. Beverages, spirits and vinegar

Indonesia exported a significant amount of Beverages, spirits and vinegar to Micronesia. The export value was recorded at US$84 thousand, an increase compared to the previous period's US$20 thousand. Exports of Beverages, spirits and vinegar to Micronesia ranked 35th. Besides Micronesia, the largest exports of Beverages, spirits and vinegar were to the Philippines, Timor-Leste, Singapore, Nigeria, and Malaysia. Indonesia also exported this product to 70 countries.