These are Indonesia's Top Export Products to Thailand

Indonesia recorded exports to Thailand totaling US$5.11 billion as of December 2020. This figure represents a 17.78% decrease compared to the previous year's exports, which reached US$6.22 billion.

Indonesia's trade record with Thailand shows a significant decrease in exports over the past 10 years. The lowest export value was US$5.11 billion, while the highest reached US$6.82 billion.

Of the 97 products (two-digit HS codes) exported to Thailand, 40 products were worth more than one billion dollars. Furthermore, according to Trademap data, two main Indonesian products are exported to Thailand annually, indicating a significant dependence on these export products. The remaining exports consist of products also exported to other countries, totaling 90 products.

The following is a list of the top five products exported by Indonesia to Thailand, ordered by value from highest to lowest:

1. Mineral fuels, mineral oils and products of their distillation

Falling under HS code 27, mineral fuels, mineral oils and products of their distillation are categorized together with bituminous substances and mineral waxes. Exports of this product to Thailand ranked first, with Indonesia exporting US$1.28 billion. This is lower than the previous period's US$1.68 billion.

2. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof

Indonesia's second-largest export to Thailand was vehicles other than railway or tramway rolling-stock, and parts and accessories thereof, totaling US$702.65 million in 2020. This is lower than the previous period's US$1.07 billion.

3. Machinery, mechanical appliances, nuclear reactors, boilers

Indonesia exported this product to 156 countries. Exports of machinery, mechanical appliances, nuclear reactors, and boilers to Thailand ranked third. In 2020, Indonesia exported US$483.5 million. Other major export destinations for this product include Singapore, the United States, Japan, and Germany.

4. Electrical machinery and equipment and parts thereof

Indonesia also exported a significant amount of electrical machinery and equipment and parts thereof to Thailand. The value of these exports in 2020 was US$391.47 million, lower than the previous period's US$429.61 million. Indonesia exports this product to 163 countries. Thailand ranked fifth among the export destinations. Other major export destinations include the United States, Singapore, Japan, and Hong Kong, China.

5. Copper and articles thereof

Indonesia exported this product to 60 countries. Exports of copper and articles thereof to Thailand ranked fourth. In 2020, Indonesia exported US$179.76 million. Other major export destinations include China, Malaysia, Vietnam, and the Republic of Korea.