Indonesia's Exports and Imports to Denmark Decreased in 2020

Indonesia's trade balance with Denmark showed a surplus of US$2.3 million in 2020. This trade balance value increased by 124.4% compared to the previous year's balance, which was recorded at US$-9,437 thousand.

This positive trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$163.9 million. This value is higher than Indonesia's imports from Denmark, which were recorded at US$161.6 million.

Indonesia's exports to Denmark have been on a downward trend over the past year. The previous year's export value was US$195.33 million.

Meanwhile, imports, according to Trademap data, decreased by 21.08% compared to the previous year, which was recorded at US$204.77 million.

Based on product type, there were 10 main export products from Indonesia to Denmark that recorded a surplus during 2020. The total value of these main exports reached US$115.94 million.

List of 10 Main Indonesian Export Products to Denmark

1. (HS 64): Footwear, gaiters and the like; parts of such articles


2. (HS 15): Animal or vegetable fats and oils and their cleavage products; edible fats; animal or vegetable waxes


3. (HS 94): Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furniture; parts thereof


4. (HS 67): Prepared feathers and down and articles made of feathers or down; artificial flowers; articles of human hair


5. (HS 87): Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof


6. (HS 85): Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles


7. (HS 44): Wood and articles of wood; wood charcoal


8. (HS 61): Articles of apparel and clothing accessories, knitted or crocheted


9. (HS 62): Articles of apparel and clothing accessories, not knitted or crocheted


10. (HS 46): Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork

Globally, the trade balance for all goods was better this time due to an increase in several types of goods. The total value of Indonesia's trade balance was recorded at US$21.68 billion, or an increase of 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries in the world was recorded at US$-3.59 billion.