Indonesia recorded exports to the Cayman Islands totaling US$0.67 million as of December 2020. This figure represents a drastic 54.2% decrease compared to the previous year's exports, which reached US$1.45 million.
Indonesia's trade record with the Cayman Islands shows an upward trend in exports over the past 10 years. The lowest export value was US$39,000, while the highest reached US$2 million.
Of the 97 products (two-digit HS codes) exported to the Cayman Islands, 0.03 thousand products were worth more than one billion dollars. Most of the exported products are also exported to other countries, totaling eight products.
The following is a list of the top five products exported by Indonesia to the Cayman Islands, ordered from highest to lowest transaction value:
1. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.
Indonesia exported a significant amount of Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof, categorized under HS code 87 according to the tradmap classification. In 2020, Indonesia exported US$408,000 worth of these products. This is lower than the previous period's export value of US$1,165,000.
2. Furniture
Falling under HS code 94, Furniture is a product group categorized together with beds, mattresses, mattress supports, cushions and similar stuffed furniture. Indonesia exported US$207,000 worth of furniture.
3. Plastics and articles thereof
Exports of Plastics and articles thereof to the Cayman Islands ranked 133rd. In 2020, Indonesia recorded exports of US$28,000. Besides the Cayman Islands, the largest exports of Plastics and articles thereof were destined for China, Japan, the United States, Vietnam, and Malaysia.
4. Wood and articles of wood
Under HS code 44, Wood and articles of wood are categorized together with wood charcoal. Indonesia exported US$8,000 worth of these products. Indonesia exports this product to 151 countries. Exports of Wood and articles of wood to the Cayman Islands ranked 141st. Other top five export destinations include Japan, the United States, China, the Republic of Korea, and Taipei, China.
5. Articles of apparel and clothing accessories, knitted or crocheted
Indonesia exported this product to 151 countries. Exports of Articles of apparel and clothing accessories, knitted or crocheted to the Cayman Islands ranked 134th. In 2020, Indonesia recorded exports of US$5,000. The other five major export destinations for Articles of apparel and clothing accessories, knitted or crocheted are the United States, Japan, Germany, the Republic of Korea, and China.