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Indonesia recorded exports to Bhutan worth US$8.48 million as of December 2023. This figure represents an 87.42% decrease compared to the previous year's exports, which totaled US$67.47 million.
Indonesia's trade record with Bhutan shows an upward trend in exports over the past 10 years. The lowest export value was US$78,000, while the highest reached US$67.47 million.
Of the 97 products (two-digit HS codes) exported to Bhutan, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 10 main Indonesian products exported to Bhutan annually. In other words, these products are the mainstay of Indonesian exports to Bhutan. The majority of other products are also exported to many other countries.
The following is a list of the top five products exported by Indonesia to Bhutan, ordered from highest to lowest transaction value.
- Machinery, electrical equipment and parts
- Edible fruits and nuts
- Glass and glassware
- Wood and wood products
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus
Indonesia exported a significant amount of machinery, electrical equipment, and parts. In the Trademap classification, machinery, electrical equipment, and parts fall under HS code 85. This product category is grouped together with sound recorders and reproducers, and televisions.
In 2023, Indonesia recorded exports worth US$8.44 million. The export value of machinery, electrical equipment and parts; sound recorders and reproducers, and televisions was lower than the previous period, which reached US$67,415,000.
Falling under HS code 08, edible fruits and nuts are grouped together with citrus fruit peels or melon peels. Indonesia exported US$14,000 worth of these products to Bhutan.
Exports of glass and glassware to Bhutan are currently the largest. Indonesia exported US$11,000 worth of these products to Bhutan. Other major export destinations for glass and glassware include the United States, China, Germany, France, and Italy.
Indonesia also exports a significant amount of wood and wood products to Bhutan. The export value of this product was US$7,000. In the previous year, Indonesia did not record any exports to Bhutan in this category. Currently, Bhutan remains the largest export destination for Indonesian wood and wood products. Besides Bhutan, the top five export destinations for Indonesian wood and wood products are the United States, China, Japan, Germany, and the United Kingdom.
Indonesia exported this product to one country. Bhutan is the largest export destination for optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus. In 2023, Indonesia recorded exports worth US$5,000. Other top five export destinations include the United States, China, Germany, the Netherlands, and Japan.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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