Indonesia's Top Exports to Paraguay in 2023

Indonesia recorded exports to Paraguay worth US$33.32 million as of December 2023. This figure represents a 52.06% increase compared to the previous year's exports, which were recorded at US$21.91 million.

Indonesia's trade record with Paraguay 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 Paraguay, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 35 main Indonesian products exported to this country annually. In other words, these products are Indonesia's mainstay exports to Paraguay. The rest are mostly products also widely exported to other countries.

The following is a list of the top five products exported by Indonesia to Paraguay. This list is ordered from the highest transaction value.

1. Manufactured tobacco and tobacco substitutes

Indonesia exported a significant amount of manufactured tobacco and tobacco substitutes. In the Trademap classification, manufactured tobacco and tobacco substitutes fall under HS code 24. This product category is grouped together with products, whether or not containing nicotine.

In 2023, Indonesia recorded exports worth US$10.77 million. The export value of manufactured tobacco and tobacco substitutes; products, whether or not containing nicotine, increased compared to the previous period, which was recorded at US$6,147 thousand.

2. Vehicles other than railway or tramway rolling-stock, and parts and accessories

Second, Indonesia's largest export was vehicles other than railway or tramway rolling-stock, and parts and accessories. The export value to Paraguay in 2023 was recorded at US$10.32 million. This figure increased compared to the previous period, which was recorded at US$7,140 thousand.

3. Man-made staple fibers

Exports of man-made staple fibers to Paraguay are currently the largest. Indonesia exported US$2.04 million to this country. Other major export destinations for man-made staple fibers with the highest value include Vietnam, Afghanistan, Africa not specified elsewhere, Albania, and Algeria.

4. Electrical machinery and equipment and parts

Falling under HS code 85, electrical machinery and equipment and parts are a group of export goods categorized together with sound recorders and reproducers, television. Indonesia exported US$1.94 million to this country. Exports of electrical machinery and equipment and parts are currently largest to Paraguay. Besides this country, the five largest export destinations for Indonesian electrical machinery and equipment and parts are China, the United States, Hong Kong, China, Germany, and Singapore.

5. Nuclear reactors, boilers, machinery and mechanical appliances

Next, Indonesia also recorded significant exports of nuclear reactors, boilers, machinery and mechanical appliances to Paraguay. The export value of this product in 2023 amounted to US$1.74 million. This figure increased compared to the previous period, which was recorded at US$1,252 thousand. Trademap data shows Indonesia's trading activity exporting nuclear reactors, boilers, machinery and mechanical appliances to 4 countries. Exports of nuclear reactors, boilers, machinery and mechanical appliances to this country are the largest. Other countries in the top five export destinations are the United States, China, Germany, the United Kingdom, and Mexico.