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Indonesia recorded exports to Eritrea totaling US$0.25 million as of December 2023. This figure represents a 34.55% decrease compared to the previous year's exports, which were recorded at US$0.39 million.
Indonesia's trade record with Eritrea shows a significant decline in exports over the past 10 years. The lowest export value was US$0.13 million, while the highest reached US$9.73 million.
Of the 97 products (two-digit HS codes) exported to Eritrea, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, three main Indonesian products are exported to this country annually. In other words, these products are the mainstay of Indonesian exports to Eritrea. 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 Eritrea, ordered from highest to lowest transaction value:
1. Paper and Paperboard
Indonesia exports a significant amount of Paper and Paperboard. In the Trademap classification, Paper and Paperboard falls under HS code 48. This product category is grouped together with articles of pulp, paper or paperboard.
In 2023, Indonesia recorded exports of US$0.22 million. This export value of Paper and Paperboard; articles of pulp, paper or paperboard is lower than the previous period, which reached US$335,000.
2. Pharmaceutical Products
Second, Indonesia's largest export is Pharmaceutical Products. The export value to Eritrea in 2023 was recorded at US$32,000. This figure is lower than the previous period, which reached US$50,000.
3. Machinery and electrical equipment and parts
Next, Indonesia exports a significant amount of Machinery and electrical equipment and parts to Eritrea. The export value of this product was recorded at US$1,000. In the previous year, Indonesia did not record any exports to this country. There is only one export destination for this product. Exports of Machinery and electrical equipment and parts to Eritrea are recorded as the largest. Other countries in the top five export destinations are China, the United States, Hong Kong, China, Germany, and Singapore.
4. Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates, or
Exports of Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates, or to Eritrea are currently the largest. For this country, Indonesia exported US$0. Other major export destinations for Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates, or are the United States, Japan, the United Kingdom, Germany, and France.
5. Tobacco and manufactured substitutes for tobacco
Exports of Tobacco and manufactured substitutes for tobacco to this country are the largest. Other countries in the top five export destinations are Germany, Japan, the United States, Italy, and China.
"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."