Indonesia exported US$14.68 million worth of iron or steel to Lithuania in 2023.
- A Small Font
- A Medium Font
- A Bigger Font
Indonesia recorded US$38.51 million in exports to Lithuania as of December 2023. This figure represents a 229.22% increase compared to the previous year's exports of US$11.7 million.
Indonesia's trade record with Lithuania shows a significant decrease 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 Lithuania, 37 products were worth more than one billion dollars. Furthermore, according to Trademap data, 45 main Indonesian products are exported to Lithuania annually. In other words, these products are Indonesia's mainstay exports to Lithuania. The remaining products are largely also exported to other countries.
The following is a list of the top five Indonesian export products to Lithuania, ordered from highest to lowest transaction value:
1. Iron or steel
Iron or steel (HS code 73) is the top export to Lithuania, with exports totaling US$14.68 million. This represents an increase compared to the previous period's US$6,000.
2. Animal, vegetable or microbial fats and oils and their fractions
Under HS code 15, animal, vegetable or microbial fats and oils and their fractions are categorized together with prepared edible fats. Indonesia exported US$5.18 million worth of these products.
3. Paper and paperboard
Exports of paper and paperboard totaled US$3.56 million. This represents an increase compared to the previous period's US$867,000. Lithuania currently remains the largest export destination for Indonesian paper and paperboard. The other top five export destinations are the United States, Germany, France, the United Kingdom, and Italy.
4. Organic chemicals
Indonesia also exported US$2.6 million worth of organic chemicals to Lithuania. This represents an increase compared to the previous period's US$1,483,000. Lithuania is the sole destination for this export product. Lithuania is recorded as the largest export destination for organic chemicals. The other top five export destinations are the United States, China, Germany, Belgium, and India.
5. Machinery and electrical equipment and parts
Indonesia exported a significant amount of machinery and electrical equipment and parts to Lithuania, totaling US$2.21 million. This is an increase compared to the previous period's US$729,000. Lithuania currently remains the largest export destination for this product. The other top five export destinations are China, the United States, Hong Kong, China, Germany, and Singapore.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data