Indonesia recorded exports to Timor-Leste totaling US$297,345,000 in December 2022. This figure represents a 19.64% increase compared to the previous year's exports, which were recorded at US$248,536,000.
Indonesia's trade record with Timor-Leste shows an upward trend in exports over the past 10 years. 2022 marked a historic high with the highest export value ever recorded.
Of the 97 products (two-digit HS codes) exported to Timor-Leste, 37 products were valued at over one billion dollars. Most of the products exported to Timor-Leste are also exported to other countries, totaling 88 products.
The following is a list of the top five products exported by Indonesia to Timor-Leste. This list is ordered from highest to lowest transaction value.
1. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.
Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof, fall under the HS code 87 in the Trademap classification. Exports of this product to Timor-Leste ranked first. Indonesia exported US$35,387,000. Exports of vehicles other than railway or tramway rolling-stock, and parts and accessories thereof increased compared to the previous period, which was recorded at US$28,921,000.
2. Cereal preparations, flour, starch or milk preparations.
Second, Indonesia's largest export was Cereal preparations, flour, starch or milk preparations. Exports to Timor-Leste in 2022 totaled US$29,874,000. This figure is up from the previous period, which was recorded at US$23,292,000.
3. Salt.
Next, Indonesia exported a significant amount of Salt to Timor-Leste. Exports of this product totaled US$19,288,000. This amount increased compared to the previous period, which was recorded at US$16,384,000. Trademap data shows Indonesia's trade activity exporting Salt to 62 countries. Salt exports to Timor-Leste ranked sixth. The other five countries that are major destinations for Indonesian salt exports are Bangladesh, Singapore, Taipei, China, and the Philippines.
4. Beverages, spirits and vinegar.
Exports of Beverages, spirits and vinegar to Timor-Leste ranked second. In 2022, Indonesia recorded exports of US$19,049,000. Besides Timor-Leste, the largest exports of Beverages, spirits and vinegar were destined for the Philippines, Singapore, Vietnam, and Nigeria.
5. Animal, vegetable or microbial fats and oils and their cleavage products.
Indonesia also exported a significant amount of Animal, vegetable or microbial fats and oils and their cleavage products to Timor-Leste. Exports of this product totaled US$16,848,000. This amount increased compared to the previous period, which was recorded at US$14,959,000. Indonesia exported this product to 168 countries. Exports of Animal, vegetable or microbial fats and oils and their cleavage products to Timor-Leste ranked 69th. Other top five export destinations include China, India, Pakistan, the United States, and Malaysia.