Indonesia's trade balance with American Samoa showed a surplus of US$1.83 million in 2020. This trade balance value increased by 179.24% compared to the previous year's balance, which was recorded at US$0.66 million.
This positive trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$2.42 million. This value is higher than Indonesia's imports from American Samoa, which were recorded at US$0.59 million.
Indonesia's exports to American Samoa have been on an upward trend over the past year. The previous year's export value was US$1.33 million.
Meanwhile, imports, according to Trademap data, decreased by 12.57% compared to the previous year, which was recorded at US$0.68 million.
Based on product type, there were 10 main export products from Indonesia to American Samoa that recorded a surplus during 2020. The total value of these main exports reached US$2.38 million.
List of 10 Main Indonesian Export Products to American Samoa
- (HS 03): Fish and crustaceans, molluscs and other aquatic invertebrates
- (HS 16): Preparations of meat, fish or crustaceans, molluscs or other aquatic invertebrates
- (HS 72): Iron and steel
- (HS 22): Beverages, spirits and vinegar
- (HS 19): Preparations of cereals, flour, starch or milk; pastrycooks' products
- (HS 20): Preparations of vegetables, fruit, nuts or other parts of plants
- (HS 48): Paper and paperboard; articles of pulp, paper or paperboard
- (HS 17): Sugar and sugar confectionery
- (HS 69): Ceramic products
- (HS 68): Articles of stone, plaster, cement, asbestos, mica or similar materials
Globally, the trade balance for all goods was better this time due to an increase in several types of goods. The total value of Indonesia's trade balance was recorded at US$21.68 billion, or up 703.56%. In other words, Indonesia recorded a trade surplus. The previous year, Indonesia's trade balance with all countries in the world was recorded at US$-3.59 billion.