Indonesia's Exports to Nepal Decreased, but Imports Increased in 2020

Indonesia's trade balance with Nepal showed a surplus of US$16.51 million in 2020. However, this surplus decreased significantly by -68.13% compared to the previous year's surplus of US$51.79 million.

The sharp decline in Indonesia's trade balance with Nepal was due to Indonesia's exports to Nepal amounting to only US$16.69 million, while imports reached US$0.18 million.

The three main products imported from Nepal were Paper and paperboard; articles of pulp, paper or paperboard (HS 48), Raw hides and skins (other than furskins) and leather (HS 41), and Machinery, mechanical appliances, nuclear reactors, boilers; parts thereof (HS 84).

Indonesia's exports to Nepal have been on a downward trend over the past year. The previous year's export value was US$51.95 million.

Based on product type, there were 10 main export products from Indonesia to Nepal that recorded a surplus during 2020. The total value of these main exports reached US$14.2 million.

List of 10 Main Indonesian Export Products to Nepal

1. (HS 44): Wood and articles of wood; wood charcoal


2. (HS 09): Coffee, tea, maté and spices


3. (HS 08): Edible fruits and nuts; peel of citrus fruit or melon


4. (HS 48): Paper and paperboard; articles of pulp, paper or paperboard


5. (HS 15): Animal or vegetable fats and oils and their cleavage products; edible fats; animal or vegetable waxes


6. (HS 88): Aircraft, spacecraft, and parts thereof


7. (HS 29): Organic chemicals


8. (HS 19): Preparations of cereals, flour, starch or milk; pastrycooks' products


9. (HS 62): Articles of apparel and clothing accessories, knitted or crocheted


10. (HS 84): Machinery, mechanical appliances, nuclear reactors, boilers; parts thereof

Globally, the trade balance for all goods improved this time due to an increase in several types of goods. The total value of Indonesia's trade balance was recorded at US$21.68 billion, or up 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.