Indonesia was the top exporter of animal fats and oils to Guinea in 2023.
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Indonesia recorded exports to Guinea totaling US$125.17 million as of December 2023. This figure represents a 279.74% increase compared to the previous year's exports, which were recorded at US$32.96 million.
Indonesia's trade record with Guinea 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 Guinea, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 25 main Indonesian products exported to Guinea annually. In other words, these products are the mainstay of Indonesian exports to Guinea. The majority of other products are also exported to many other countries.
The following is a list of the top five products exported by Indonesia to Guinea. This list is ordered from highest to lowest transaction value.
- Animal, vegetable or microbial fats and oils and their fractions
- Vehicles other than railway or tramway rolling-stock, and parts and accessories
- Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial
- Paper and Paperboard
- Nuclear reactors, boilers, machinery and mechanical appliances
Indonesia exported a significant amount of Animal, vegetable or microbial fats and oils and their fractions, classified under HS code 15 in Trademap. This export category is grouped together with Prepared edible fats. In 2023, Indonesia recorded exports of US$90.11 million. This represents an increase compared to the previous period, which recorded US$903 thousand.
Vehicles other than railway or tramway rolling-stock, and parts and accessories (HS code 87). Indonesia exported US$20.75 million worth of these products.
Indonesia also exported a significant amount of Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial to Guinea. Exports of this product totaled US$3.58 million, an increase compared to the previous period's US$1,470 thousand. Currently, the largest export of Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial is to Guinea. Besides Guinea, the five largest export destinations for this product are Germany, the United States, China, France, and the United Kingdom.
Under HS code 48, Paper and Paperboard are categorized together with Articles of pulp, paper or paperboard. Indonesia exported US$2.88 million worth of these products. Currently, the largest export destination for Paper and Paperboard is Guinea. Besides Guinea, the five largest export destinations are the United States, Germany, France, the United Kingdom, and Italy.
Exports of Nuclear reactors, boilers, machinery and mechanical appliances to Guinea are currently the largest. Indonesia exported US$2.58 million worth of these products to Guinea. Other major export destinations for this product category include the United States, China, Germany, the United Kingdom, and Mexico.
"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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