Indonesia's trade balance with Dominica showed a surplus of US$1.81 million in 2020. However, this surplus decreased by -81.53% compared to the previous year's balance of US$9.79 million.
This decline in the trade balance, according to Trademap data, was supported by Indonesian export value reaching US$1.82 million. This is higher than Indonesia's imports from Dominica, which were recorded at US$13,000.
Indonesian exports to Dominica have been declining over the past year. The previous year's export value was US$9.81 million.
Imports, according to Trademap data, decreased by 18.75% compared to the previous year's figure of US$16,000.
Based on product type, 10 main export products from Indonesia to Dominica recorded a surplus during 2020. The total value of these main exports reached US$1.81 million.
List of 10 Main Indonesian Export Products to Dominica
- (HS 87): Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
- (HS 15): Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
- (HS 94): Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; parts thereof
- (HS 34): Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations
- (HS 16): Prepared or preserved meat, fish or crustaceans, molluscs or other aquatic invertebrates
- (HS 44): Wood and articles of wood; wood charcoal
- (HS 68): Articles of stone, plaster, cement, asbestos, mica or similar materials
- (HS 70): Glass and glassware
- (HS 46): Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork
- (HS 83): Articles of base metal
Globally, the trade balance for all goods improved this time due to an increase in several types of goods. Indonesia's total trade balance was recorded at US$21.68 billion, an increase of 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.