Indonesia's animal fat and oil exports to Spain fall to US$687.47 million
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Indonesia recorded exports to Spain of US$2.19 billion as of December 2023. This value is down 4.32% compared to exports in the previous year, which were recorded at US$2.29 billion.
Indonesia's trade record with Spain shows an upward trend in exports over the past 10 years. The lowest Indonesian export value was US$1.48 billion, while the highest reached US$2.35 billion.
Of the 97 products (two-digit HS codes) exported to Spain, 59 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 79 main Indonesian products exported to Spain annually. In other words, these products are Indonesia's mainstay exports to Spain. The rest are mostly products also widely exported to other countries.
The following is a list of the five main products exported by Indonesia to Spain. This order is arranged from the largest transaction value.
- Animal, vegetable or microbial fats and oils and their cleavage products
- Ores, slag and ash
- Iron and steel
- Other chemical products
- Food industry residues and waste
Falling under HS code 15, Animal, vegetable or microbial fats and oils and their cleavage products are a group of export goods categorized together with Prepared edible fats. Exports of this product to Spain rank first. Indonesia exported US$687.47 million. The export value of Animal, vegetable or microbial fats and oils and their cleavage products; Prepared edible fats; is lower than the previous period, which reached US$775.71 million.
Ores, slag and ash fall under product category HS code 26. Indonesia exported US$644.77 million worth of these products to Spain.
Spain is the largest export destination for Indonesia's iron and steel products. In 2023, Indonesia recorded exports worth US$134.12 million. Five other countries that are sources of iron and steel exports are China, the United States, Germany, Afghanistan, and unspecified African countries.
Exports of other chemical products to Spain are currently the largest. Indonesia exported US$101.74 million worth of these products to Spain. Other major export destinations for other chemical products include the United States, China, Germany, the Netherlands, and France.
Another exported product is Food industry residues and waste, valued at US$79.44 million. The export value of this product increased compared to the previous period, which was recorded at US$33,571 thousand. Exports of Food industry residues and waste are currently largest to Spain. Besides Spain, the five largest export destinations for Indonesian Food industry residues and waste are China, Germany, the United States, Vietnam, and Indonesia itself.
"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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