Indonesia's Trade Balance with Slovakia Shows a Surplus of US$1.72 Million

Indonesia's trade balance with Slovakia showed a surplus of US$1.72 million in 2020. This trade balance value increased by 48.66% compared to the previous year's balance, which was recorded at US$1.16 million.

This positive trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$20.52 million. This value is higher than Indonesia's imports from Slovakia, which were recorded at US$18.8 million.

Indonesia's exports to Slovakia have shown a downward trend over the past year. The previous year's export value was US$23.52 million.

Meanwhile, imports, according to Trademap data, decreased by 15.93% compared to the previous year, which was recorded at US$22.36 million.

Based on product type, there were 10 main export products from Indonesia to Slovakia that recorded a surplus during 2020. The total value of these main exports reached US$17.2 million.

List of 10 Main Indonesian Export Products to Slovakia

1. (HS 85): Electrical machinery and equipment and parts thereof; sound or television recording and reproducing apparatus.


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


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


4. (HS 16): Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates


5. (HS 92): Musical instruments; parts and accessories of such articles


6. (HS 20): Preparations of vegetables, fruit, nuts or other parts of plants


7. (HS 82): Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal


8. (HS 48): Paper and paperboard; articles of pulp, of paper or of paperboard


9. (HS 34): Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial…


10. (HS 17): Sugars and sugar confectionery

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$21.68 billion, or an increase of 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.