Indonesia's Iron Exports to El Salvador Increase to US$27.58 Million
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Indonesia recorded US$77.12 million in exports to El Salvador as of December 2023. This figure represents a 50.32% increase compared to the previous year's exports, which totaled US$51.3 million.
Indonesia's trade record with El Salvador shows an upward trend in exports over the past 10 years. 2023 marked a historic high with the highest export value ever recorded.
Of the 97 products (two-digit HS codes) exported to El Salvador, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, 39 main Indonesian products are exported to this country annually. In other words, these products are the mainstay of Indonesian exports to El Salvador. The majority of other products are also exported to many other countries.
The following is a list of the top five Indonesian products exported to El Salvador, ordered from highest to lowest transaction value.
- Iron and Steel
- Vehicles other than railway or tramway rolling-stock, and parts and accessories
- Paper and Paperboard
- Man-made staple fibers
- Machinery, mechanical appliances and electrical parts
Iron and steel (HS code 72) topped the list of exports to El Salvador, reaching US$27.58 million. This represents an increase compared to the previous period's US$7,672,000.
Vehicles other than railway or tramway rolling-stock, and parts and accessories (HS code 87) totaled US$17.01 million in exports from Indonesia to El Salvador.
Indonesia also recorded significant exports of paper and paperboard to El Salvador, valued at US$9.95 million in 2023. This is lower than the previous period's US$10,504,000. Besides El Salvador, Indonesia also relies on exports of paper and paperboard to the United States, Germany, France, the United Kingdom, and Italy. In addition to these major countries, Indonesia exported this product to four other countries.
Indonesia also recorded significant exports of man-made staple fibers to El Salvador, valued at US$8.85 million in 2023. This represents an increase compared to the previous period's US$3,247,000. Exports of man-made staple fibers to El Salvador are recorded as the largest. Other countries in the top five export destinations are Vietnam, Afghanistan, Africa not specified elsewhere, Albania, and Algeria.
Other exports include machinery, mechanical appliances, and electrical parts, totaling US$2.85 million. This is lower than the previous period's US$3,025,000. Besides El Salvador, Indonesia also relies on exports of machinery, mechanical appliances, and electrical parts to China, the United States, Hong Kong, China, Germany, and Singapore. In addition to these major 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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