Indonesian vehicle exports (excluding railway rolling stock) to Saudi Arabia surge to US$818.42 million.
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Indonesia recorded exports to Saudi Arabia worth US$2.08 billion as of December 2023. This figure represents a 2.96% increase compared to the previous year's exports, which totaled US$2.02 billion.
Indonesia's trade record with Saudi Arabia shows an upward trend in exports over the past 10 years. The lowest export value was US$1.22 billion, while the highest reached US$2.16 billion.
Of the 97 products (two-digit HS codes) exported to Saudi Arabia, 51 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 77 main Indonesian products exported to this country annually. In other words, these products are Indonesia's mainstay exports to Saudi Arabia. The rest are mostly products also exported to other countries.
The following is a list of the top five products exported by Indonesia to Saudi Arabia. This list is ordered from the 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, categorized under HS code 87, are the top export to Saudi Arabia. Indonesia exported US$818.42 million worth of these products to Saudi Arabia. This represents an increase compared to the previous period, which recorded US$806.56 million.
2. Animal, vegetable or microbial fats and oils and their fractions
Indonesia's second-largest export is animal, vegetable or microbial fats and oils and their fractions. Exports to Saudi Arabia in 2023 totaled US$351.69 million. This figure is up from the previous period's US$294.14 million.
3. Wood and articles of wood
Exports of wood and articles of wood to Saudi Arabia are currently among the largest. Indonesia exported US$156.12 million worth of these products to Saudi Arabia. Other major export destinations for wood and articles of wood include the United States, China, Japan, Germany, and the United Kingdom.
4. Edible preparations
Edible preparations, categorized under HS code 21, totaled US$131.5 million in exports from Indonesia, an increase compared to the previous period's US$83,196,000. Trademap data shows that Indonesia exports edible preparations to four countries. Exports of edible preparations to Saudi Arabia are the largest. The other five major export destinations for edible preparations are the United States, China, Germany, the United Kingdom, and France.
5. Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates
Indonesia exported this product to one country. Exports of preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates to Saudi Arabia are the largest. In 2023, Indonesia recorded exports of US$100.11 million. The other five major export destinations for preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates are the United States, Japan, the United Kingdom, Germany, and France.
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