Indonesia Exported US$16.9 Million Worth of Soap to Venezuela in 2023

Indonesia recorded exports to Venezuela totaling US$27.86 million as of December 2023. This figure represents a 58.69% increase compared to the previous year's exports, which were recorded at US$17.55 million.

Indonesia's trade record with Venezuela shows a significant decline in exports over the past 10 years. The lowest export value was US$4.15 million, while the highest reached US$39.05 million.

Of the 97 products (two-digit HS codes) exported to Venezuela, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 24 main Indonesian products exported to this country annually. In other words, these products are the mainstay of Indonesian exports to Venezuela. The rest are mostly products also widely exported to other countries.

The following is a list of the top five main products exported by Indonesia to Venezuela. This list is arranged in descending order of transaction value.

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

Indonesia exported a significant amount of Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured. In the Trademap classification, this falls under HS code 34. In 2023, Indonesia recorded exports totaling US$16.9 million. This export value increased compared to the previous period, which was recorded at US$8,409 thousand.

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

Vehicles other than railway or tramway rolling-stock, and parts and accessories, in the Trademap classification, fall under HS code 87. Indonesia exported US$3.54 million.

3. Man-made staple fibers

Indonesia exported this product to a single country. Exports of man-made staple fibers to this country were the largest. In 2023, Indonesia recorded exports totaling US$3.25 million. Other countries in the top five export destinations include Vietnam, Afghanistan, Africa not specified elsewhere, Albania, and Algeria.

4. Nuclear reactors, boilers, machinery and mechanical appliances

Exports of Nuclear reactors, boilers, machinery and mechanical appliances to Venezuela are currently the largest. For this country, Indonesia exported US$1.05 million worth. Other major export destinations for Nuclear reactors, boilers, machinery and mechanical appliances include the United States, China, Germany, the United Kingdom, and Mexico.

5. Paper and Paperboard

Indonesia also recorded significant exports of Paper and Paperboard to Venezuela. The export value of this product in 2023 was US$0.9 million. This is lower than the previous period, which reached US$909 thousand. The largest exports of Paper and Paperboard are currently still destined for Venezuela. Besides this country, the five largest export destinations for Indonesian Paper and Paperboard are the United States, Germany, France, the United Kingdom, and Italy.