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Indonesia recorded exports to Macau of US$2.85 million as of December 2023. This represents a significant 7.27% decrease compared to the previous year's exports of US$3.07 million.
Indonesia's trade record with Macau shows a considerable decline in exports over the past 10 years. The lowest export value was US$1.16 million, while the highest reached US$9.58 million.
Of the 97 products (two-digit HS codes) exported to Macau, 38 were worth more than one million dollars. Furthermore, according to Trademap data, 30 main Indonesian products are exported to Macau annually. In other words, these products are the mainstay of Indonesian exports to Macau. The remaining products are largely those also exported to other countries.
The following is a list of the top five products exported by Indonesia to Macau, ordered from highest to lowest transaction value.
- Ceramic Products
- Wood and Wood Products
- Coffee, Tea, Maté, and Spices
- Machinery, Electrical Equipment and Parts
- Pharmaceutical Products
Indonesia's top export to Macau is ceramic products. In the Trademap classification, ceramic products fall under HS code 69. In 2023, Indonesia exported US$0.52 million worth of ceramic products. This represents an increase compared to the previous period's US$456,000.
Falling under HS code 44, wood and wood products are categorized together with charcoal. Indonesia exported US$0.5 million worth of these products to Macau.
Indonesia's exports of coffee, tea, maté, and spices are concentrated in Macau. In 2023, exports totaled US$0.47 million. Other top five export destinations include the United States, Germany, France, Italy, and Canada.
Under HS code 85, machinery, electrical equipment and parts are categorized together with sound recording and reproducing apparatus, and television receivers. Indonesia exported US$0.35 million, lower than the previous period's US$1,369,000. Besides Macau, Indonesia also relies on exports of machinery, electrical equipment and parts to China, the United States, Hong Kong, Germany, and Singapore. In addition to these main countries, Indonesia exported this product to four other countries.
In fifth place are pharmaceutical products, categorized under HS code 30 in the Trademap classification. Indonesia exported US$0.19 million. Besides Macau, Indonesia also relies on pharmaceutical product exports to the United States, Germany, Belgium, Switzerland, and China. In addition to these main countries, Indonesia exported this product to four other countries.
"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."
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