Indonesia Is the Largest Exporter of Pharmaceutical Products to Mongolia

Indonesia recorded US$12,444,000 in exports to Mongolia as of December 2022. This figure represents a 19.25% decrease compared to the previous year's exports of US$15,410,000.

Indonesia's trade record with Mongolia shows an upward trend in exports over the past 10 years. The lowest export value was US$5.1 million, while the highest reached US$23,203,000.

Of the 97 products (two-digit HS codes) exported to Mongolia, 37 products were worth more than one billion dollars. Most of the exported products (32 products) are also exported to other countries in significant quantities.

The following is a list of the top five Indonesian export products to Mongolia, ordered by value from highest to lowest.

1. Pharmaceutical products

Pharmaceutical products, classified under HS code 30 in Trademap, were Indonesia's top export to Mongolia, valued at US$5,573,000. This represents an increase compared to the previous period's US$4,716,000.

2. Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s.

Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s., classified under HS code 34 in Trademap, amounted to US$2,721,000 in exports from Indonesia to Mongolia.

3. Electrical machinery and equipment and parts thereof

Indonesia also exported a significant amount of electrical machinery and equipment and parts thereof to Mongolia, valued at US$1,169,000 in 2022. This is an increase compared to the previous period's US$1,061,000. Trademap data shows Indonesia exports electrical machinery and equipment and parts thereof to 159 countries. Exports to Mongolia ranked 95th. Other top five export destinations include Singapore, the United States, Japan, the Republic of Korea, and Hong Kong, China.

4. Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus

Indonesia also exported a significant amount of optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus to Mongolia, valued at US$716,000 in 2022. This is an increase compared to the previous period's US$318,000. Exports to Mongolia ranked 51st. Other major export destinations include Singapore, the United States, Switzerland, China, and Thailand. Indonesia exports this product to 124 countries.

5. Preparations of cereals, flour, starch or milk

Ranked fifth, preparations of cereals, flour, starch or milk (HS code 19), categorized with pastrycooks' products, amounted to US$426,000 in exports, lower than the previous period's US$440,000. Trademap data shows Indonesia exports preparations of cereals, flour, starch or milk to 129 countries. Exports to Mongolia ranked 59th. Other top five export destinations include China, Malaysia, the Philippines, Vietnam, and Thailand.