Indonesia's Soap Exports to Venezuela Drop to US$8,409 Thousand

Indonesia recorded US$17,554 thousand in exports to Venezuela in December 2022. This figure represents a 23.18% decrease compared to the previous year's exports of US$22,851 thousand.

Indonesia's trade record with Venezuela shows a significant decrease in exports over the past 10 years. The lowest export value was US$4.15 million, while the highest reached US$61,914 thousand.

Of the 97 products (two-digit HS codes) exported to Venezuela, 37 were worth more than one billion dollars. Most of the exported products (19) are also exported to many other countries.

The following is a list of the top five products exported by Indonesia to Venezuela, ordered by value of transaction:

1. Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured.

Indonesia exported a significant amount of Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured. In the Trademap classification, this falls under HS code 34. In 2022, Indonesia exported US$8,409 thousand worth of these products. This is lower than the previous period's US$13,946 thousand.

2. Man-made staple fibers.

Man-made staple fibers, under the Trademap classification, fall under HS code 55. Indonesia exported US$5,314 thousand.

3. Paper and paperboard.

Another exported product was Paper and paperboard, valued at US$909 thousand. This is lower than the previous period's US$1,132 thousand. Exports of Paper and paperboard to Venezuela ranked 101st. Besides Venezuela, the largest exports of Paper and paperboard were to China, Japan, the United States, Malaysia, and Vietnam. Indonesia also exported this product to 155 countries.

4. Nuclear reactors, boilers, machinery and mechanical appliances.

Indonesia exported this product to 158 countries. Exports of Nuclear reactors, boilers, machinery and mechanical appliances to Venezuela ranked 96th. In 2022, Indonesia exported US$867 thousand. Five other major export destinations for Nuclear reactors, boilers, machinery and mechanical appliances were Singapore, the United States, Japan, Thailand, and Malaysia.

5. Cotton.

Indonesia exported this product to 94 countries. Exports of Cotton to Venezuela ranked 46th. In 2022, Indonesia exported US$650 thousand. Five other major export destinations for Cotton were Bangladesh, China, Japan, Honduras, and the United States.