Indonesia's trade balance with Antigua and Barbuda showed a surplus of US$0.69 million in 2020. However, this surplus decreased by 42.22% compared to the previous year's US$1.19 million.
The decline in Indonesia's trade balance with this country was due to Indonesian exports to Antigua and Barbuda amounting to only US$0.69 million, while imports reached US$0.
The three main products imported from Antigua and Barbuda were live animals (HS 01), meat offal and edible meat (HS 02), and fish and crustaceans, mollusks, and other aquatic invertebrates (HS 03).
Indonesian exports to Antigua and Barbuda have been declining over the past year. The previous year's export value was US$1.19 million.
Ten main export products contributed to the US$0.69 million surplus in 2020.
List of 10 Main Indonesian Export Products to Antigua and Barbuda
- (HS 44): Wood and articles of wood; wood charcoal
- (HS 87): Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
- (HS 94): Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings;
- (HS 90): Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus;
- (HS 83): Other articles of base metal
- (HS 46): Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork
- (HS 39): Plastics and articles thereof
- (HS 62): Articles of apparel and clothing accessories, knitted or crocheted
- (HS 69): Ceramic products
- (HS 70): Glass and glassware
Globally, the trade balance for all goods improved due to increases in several product categories. Indonesia's total trade balance was recorded at US$21.68 billion, a 703.56% increase. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.