Indonesia was the largest exporter of iron or steel to Uganda in 2023.
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Indonesia recorded US$16.88 million in exports to Uganda as of December 2023. This figure represents a 9.64% increase compared to the previous year's exports, which totaled US$15.4 million.
Indonesia's trade record with Uganda shows an upward trend in exports over the past 10 years. 2023 marks a historical record with the highest export value ever recorded.
Of the 97 products (two-digit HS codes) exported to Uganda, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 28 main Indonesian products exported to Uganda annually. In other words, these products are the mainstay of Indonesian exports to Uganda. The majority of other products are also exported to many other countries.
The following is a list of the top five Indonesian products exported to Uganda, ordered from highest to lowest transaction value.
- Iron or steel
- Nuclear reactors, boilers, machinery and mechanical appliances
- Albuminoidal substances
- Glass and glassware
- Animal, vegetable or microbial fats and oils and their fractions
Indonesia's largest export to Uganda is iron or steel. In the Trademap classification, iron or steel falls under HS code 73. In 2023, Indonesia exported US$8.02 million worth of iron or steel. This is lower than the previous period, which reached US$10.772 million.
Second, Indonesia's largest export is nuclear reactors, boilers, machinery and mechanical appliances. Exports to Uganda in 2023 totaled US$1.79 million. This is an increase compared to the previous period, which recorded US$313 thousand.
Under HS code 35, albuminoidal substances are a group of export goods categorized together with modified starches, glues, and enzymes. Indonesia exported US$1.5 million worth of these substances. Exports of albuminoidal substances to Uganda are the largest. Other top five export destinations include China, the United States, Germany, the Netherlands, and Japan.
For glass and glassware (HS code 70), Indonesia exported US$1.47 million, up from US$395 thousand in the previous period. Currently, the largest export of glass and glassware is to Uganda. Besides Uganda, the top five export destinations for Indonesian glass and glassware are the United States, China, Germany, France, and Italy.
Exports of animal, vegetable or microbial fats and oils and their fractions to Uganda are currently the largest. Indonesia exported US$1.09 million to Uganda. Other major export destinations for these products include ship chandlers and bunkers, Sierra Leone, Singapore, Sint Maarten (Netherlands Antilles), 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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