Indonesia recorded exports to Ecuador totaling US$139,261 thousand in December 2022. This figure represents a 10.42% increase compared to the previous year's exports of US$126,122 thousand.
Indonesia's trade record with Ecuador 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 Ecuador, 38 products were valued at over one billion dollars. Most of the exported products (47 in total) are also exported to other countries.
The following is a list of the top five products exported by Indonesia to Ecuador, ordered from highest to lowest transaction value.
1. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
Indonesia exported a significant amount of Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof, which fall under HS code 87 according to the tradmap classification. In 2022, Indonesia exported US$40,403 thousand. This represents an increase compared to the previous period's US$37,143 thousand.
2. Paper and paperboard
Falling under HS code 48, Paper and paperboard are categorized together with articles of pulp, paper or paperboard. Indonesia exported US$25,094 thousand to Ecuador.
3. Electrical machinery and equipment and parts thereof
Indonesia exports this product to 164 countries. Exports of Electrical machinery and equipment and parts thereof to Ecuador ranked 38th. In 2022, Indonesia recorded exports of US$22,605 thousand. Other top five export destinations include Singapore, the United States, Japan, South Korea, and Hong Kong, China.
4. Animal, vegetable or microbial fats and oils and their fractions
Indonesia also exported US$8,961 thousand of Animal, vegetable or microbial fats and oils and their fractions to Ecuador. This is lower than the previous period's US$21,169 thousand. Exports of Animal, vegetable or microbial fats and oils and their fractions to Ecuador ranked 79th. Besides Ecuador, the largest exports of this product were to China, India, Pakistan, the United States, and Malaysia. Indonesia exports this product to 163 countries.
5. Nuclear reactors, boilers, machinery and mechanical appliances
Indonesia exports this product to 158 countries. Exports of Nuclear reactors, boilers, machinery and mechanical appliances to Ecuador ranked 46th. In 2022, Indonesia recorded exports of US$7,897 thousand. Besides Ecuador, the largest exports of this product were to Singapore, the United States, Japan, Thailand, and Malaysia.