Main Products Exported from Indonesia to Thailand in 2023
- A Small
- A Medium
- A Bigger
Indonesia recorded exports to Thailand worth US$7.22 billion as of December 2023. This value decreased by 11.57% compared to the previous year's exports, which were recorded at US$8.17 billion.
Looking at the trade history between Indonesia and Thailand, exports over the last 10 years have been on an upward trend. Indonesia's lowest export value was US$5.11 billion, while the highest reached US$8.17 billion.
(Read: Main Products Exported from Indonesia to Mongolia in 2023)
Out of the 97 products (2-digit HS code) exported to Thailand, 49 products were worth over one billion US dollars. Additionally, according to Trademap data, there are 91 main Indonesian products exported to this country every year. In other words, these products are Indonesia's staple exports to Thailand. 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 Thailand, ranked from the highest transaction value.
- Mineral fuels, mineral oils and products of their distillation
- Vehicles other than railway or tram rolling stock, and parts and accessories thereof
- Nuclear reactors, boilers, machinery and mechanical appliances
- Electrical machinery and equipment and parts thereof
- Iron and steel
Ranked first, Indonesia exports a large amount of mineral fuels, mineral oils and products of their distillation. In Trademap classification, these products fall under HS code 27. This export category also includes bituminous substances and minerals
In 2023, Indonesia recorded exports of US$2.48 billion worth of these products. The export value of mineral fuels, mineral oils and their distillation products; bituminous substances; minerals was lower than the previous period, which had reached US$2.85 billion.
(Read: Top Products Exported from Indonesia to Costa Rica in 2023)
Ranked second, Indonesia's largest export to Thailand is vehicles other than railway or tram rolling stock, and their parts and accessories. The export value to Thailand in 2023 was recorded at US$1.06 billion. This figure increased compared to the previous period, which was recorded at US$992.02 million.
Indonesia also exports a significant amount of nuclear reactors, boilers, machinery and mechanical appliances to Thailand. The export value of these products in 2023 was US$561.8 million. This amount was lower than the previous period, which had reached US$613.58 million. Indonesia has only one target country for exporting these products. Exports of nuclear reactors, boilers, machinery and mechanical appliances to Thailand are the largest. The other five countries that are sources of these products are the United States, China, Germany, the United Kingdom and Mexico.
Exports of electrical machinery and equipment and parts thereof to Thailand are currently the largest. For this country destination, Indonesia's exports amounted to US$403.53 million. Other key export destinations for these products with the highest values are China, the United States, Hong Kong, China, Germany and Singapore.
Indonesia also exports a large amount of iron and steel to Thailand. The export value of these products was US$314.75 million. This amount was lower than the previous period, which had reached US$363.28 million. In addition to Thailand, Indonesia also relies on exports of iron and steel to China, the United States, Germany, Afghanistan and unspecified locations in Africa. Besides these main countries, Indonesia is recorded to export these products to 4 other countries.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data