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Indonesia recorded exports to Uganda worth US$16.88 million as of December 2023. This figure represents a 9.64% increase compared to the previous year's exports, which totaled US$15.4 million.
Indonesia's trade record with Uganda shows an upward trend in exports over the past 10 years. 2023 marked a historic high with the highest export value ever recorded.
Of the 97 products (two-digit HS codes) exported to Uganda, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 28 main Indonesian products exported to Uganda annually. In other words, these products are Indonesia's main export staples to Uganda. The remaining products are largely also exported to other countries.
The following is a list of the top five products exported by Indonesia to Uganda, ordered from highest to lowest transaction value:
1. Iron or steel
Iron or steel (HS code 73). Exports of this product to Uganda ranked first. Indonesia exported US$8.02 million worth of iron or steel to Uganda. This export value is lower than the previous period, which reached US$10.772 million.
2. Nuclear reactors, boilers, machinery and mechanical appliances
Under HS code 84, nuclear reactors, boilers, machinery and mechanical appliances are a group of export goods categorized together with parts. Indonesia exported US$1.79 million worth of these products to Uganda.
3. Albuminoidal substances
Indonesia exported this product to Uganda, which was the largest export market for this product. In 2023, Indonesia recorded exports of US$1.5 million. Other top five export destinations include China, the United States, Germany, the Netherlands, and Japan.
4. Glass and glassware
Exports of glass and glassware to Uganda are currently the largest. Indonesia exported US$1.47 million worth of these products to Uganda. Other major export destinations for glass and glassware include the United States, China, Germany, France, and Italy.
5. Animal, vegetable or microbial fats and oils and their fractions
Exports of animal, vegetable or microbial fats and oils and their fractions to Uganda were the largest. In 2023, Indonesia recorded exports of US$1.09 million. The other five major export destinations for these products are ship chandlers and bunkers, Sierra Leone, Singapore, Sint Maarten (Netherlands Antilles), and Slovakia.
"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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