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Indonesia recorded US$2.16 billion in exports to Mexico as of December 2023. This figure represents a 26.94% increase compared to the previous year's exports, which totaled US$1.7 billion.
Indonesia's trade record with Mexico shows an upward trend in exports over the past 10 years. 2023 marks a historic high with the highest export value ever recorded.
Of the 97 products (two-digit HS codes) exported to Mexico, 61 products were worth more than one billion dollars. Furthermore, according to Trademap data, 72 main Indonesian products are exported to Mexico annually. In other words, these products are Indonesia's main export staples to Mexico. Many of the other products are also exported to other countries.
The following is a list of the top five products exported by Indonesia to Mexico, ordered from highest to lowest transaction value:
1. Vehicles other than railway or tramway rolling-stock, and parts and accessories
Vehicles other than railway or tramway rolling-stock, and parts and accessories, classified under HS code 87 in Trademap, were Indonesia's top export to Mexico, totaling US$672.2 million. This represents an increase compared to the previous period's US$342.12 million.
2. Machinery and electrical equipment and parts
Indonesia's second-largest export to Mexico was machinery and electrical equipment and parts, totaling US$316.52 million in 2023. This is an increase compared to the previous period's US$250.05 million.
3. Footwear, headgear, and the like
Exports of footwear, headgear, and the like to Mexico are currently among the largest. Indonesia exported US$193.43 million worth of these products to Mexico. Other major export destinations for these products include the United States, Germany, France, Italy, and Afghanistan.
4. Iron and steel
Exports of iron and steel to Mexico were also significant. In 2023, Indonesia exported US$124.51 million worth of these products. Other major export destinations for iron and steel include China, the United States, Germany, Afghanistan, and unspecified African countries.
5. Rubber
Indonesia also exported US$120.19 million worth of rubber to Mexico. This is lower than the previous period's US$134.25 million. Besides Mexico, Indonesia's major rubber export destinations include the United States, Germany, China, and France. Indonesia also exported rubber 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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