Indonesia's Rubber Exports to Belize Increase to US$349,000

Indonesia recorded exports to Belize totaling US$577,000 as of December 2022. This figure represents an 18.04% decrease compared to the previous year's exports of US$704,000.

Indonesia's trade record with Belize shows a significant decline in exports over the past 10 years. The lowest export value was US$577,000, while the highest reached US$1.24 million.

Of the 97 products (two-digit HS codes) exported to Belize, 37 were valued at over one billion dollars. Most of the exported products (12 in total) are also exported to many other countries.

The following is a list of the top five products exported by Indonesia to Belize, ordered from highest to lowest transaction value.

1. Rubber and articles thereof: Falling under HS code 40, rubber and its articles were the top export to Belize, totaling US$349,000. This represents an increase compared to the previous period's US$298,000.

2. Furniture: Classified under HS code 94, this category includes furniture, beds, mattresses, bed bases, pillows, and similar stuffed furniture. Indonesia exported US$101,000 worth of furniture.

3. Milled products: Indonesia exported these products to 49 countries. Exports to Belize ranked 24th, totaling US$64,000 in 2022. The largest export markets for milled products include the Philippines, Papua New Guinea, China, Timor-Leste, and Singapore.

4. Wood and wood articles: Indonesia also exported a significant amount of wood and wood articles to Belize, totaling US$30,000. This is an increase compared to the previous period's US$1,000. Besides Belize, major export destinations include Japan, the United States, South Korea, China, and the United Kingdom. Indonesia also exported these products to 153 other countries.

5. Other made-up textile articles: Ranking fifth, Indonesia exported US$10,000 worth of other made-up textile articles to Belize. No exports were recorded to Belize in the previous year. Trademap data shows that Indonesia exports these articles to 112 countries, with Belize ranking 82nd. Other top five export destinations include Japan, the United States, Malaysia, Singapore, and South Korea.