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Indonesia recorded exports to Georgia worth US$98.7 million as of December 2023. This figure shows an 8.62% decrease compared to the previous year's exports, which were recorded at US$108.01 million.
Indonesia's trade record with Georgia shows an upward trend in exports over the past 10 years. The lowest export value was US$42.21 million, while the highest reached US$273.97 million.
Of the 97 products (two-digit HS codes) exported to Georgia, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, 38 main Indonesian products are exported to Georgia annually. In other words, these products are Indonesia's main exports to Georgia. The remaining products are largely also exported to other countries.
The following is a list of the top five products exported by Indonesia to Georgia, ordered from highest to lowest transaction value:
1. Animal, vegetable or microbial fats and oils and their cleavage products
Falling under HS code 15, Animal, vegetable or microbial fats and oils and their cleavage products are a group of export goods categorized together with prepared edible fats. Exports of this product to Georgia ranked first, with Indonesia exporting US$39.5 million. The export value of Animal, vegetable or microbial fats and oils and their cleavage products; Prepared edible fats increased compared to the previous period, which was recorded at US$9,526 thousand.
2. Coffee, tea, maté and spices
Coffee, tea, maté, and spices with HS code 09. Indonesia exported US$29.16 million.
3. Machinery and electrical equipment and parts
Indonesia exported a significant amount of Machinery and electrical equipment and parts to Georgia. The export value of this product was recorded at US$11.99 million. This figure increased compared to the previous period, which was recorded at US$110 thousand. Besides Georgia, Indonesia also relies on exports of Machinery and electrical equipment and parts to China, the United States, Hong Kong, China, Germany, and Singapore. In addition to these main countries, Indonesia is recorded as exporting this product to 4 other countries.
4. Nuclear reactors, boilers, machinery and mechanical appliances
Another exported product is Nuclear reactors, boilers, machinery and mechanical appliances, valued at US$9.15 million. The export value of this product increased compared to the previous period, which was recorded at US$2,011 thousand. Besides Georgia, Indonesia also relies on exports of Nuclear reactors, boilers, machinery and mechanical appliances to the United States, China, Germany, the United Kingdom, and Mexico. In addition to these main countries, Indonesia is recorded as exporting this product to 4 other countries.
5. Paper and Paperboard
Furthermore, Indonesia also exported US$1.65 million worth of Paper and Paperboard to Georgia. The export value of this product increased compared to the previous period, which was recorded at US$858 thousand. Besides Georgia, Indonesia also relies on exports of Paper and Paperboard to the United States, Germany, France, the United Kingdom, and Italy. In addition to these main countries, Indonesia is recorded as exporting this product to 4 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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