Indonesia recorded US$4 million in exports to Turkmenistan as of December 2022. This figure represents a 160.27% increase compared to the previous year's exports, which totaled US$1.54 million.
Indonesia's trade record with Turkmenistan shows a drastic decrease in exports over the past 10 years. The lowest export value was US$1.54 million, while the highest reached US$7.46 million.
Of the 97 products (two-digit HS codes) exported to Turkmenistan, 37 products were worth more than one million US dollars. Most of the exported products (10 products) are also exported to many other countries.
The following is a list of the top five products exported by Indonesia to Turkmenistan, ordered from highest to lowest transaction value.
1. Soap, organic surface-active agents, washing preparations, lubricating preparations, etc.
Indonesia's top export is Soap, organic surface-active agents, washing preparations, lubricating preparations, etc. Under the tradmap classification, this falls under HS code 34. In 2022, Indonesia exported US$2,207,000 worth of these products. This represents an increase compared to the previous period, which recorded US$912,000.
2. Animal, vegetable or microbial fats and oils and their fractions
Indonesia's second largest export is Animal, vegetable or microbial fats and oils and their fractions. Exports to Turkmenistan in 2022 totaled US$1,406,000. This is an increase compared to the previous period, which recorded US$178,000.
3. Essential oils and resinoids
Indonesia exports this product to 139 countries. Exports of Essential oils and resinoids to Turkmenistan ranked 64th. In 2022, Indonesia recorded exports valued at US$225,000. The largest exports of Essential oils and resinoids were to Singapore, Thailand, Malaysia, the Philippines, and Vietnam.
4. Cocoa and cocoa preparations
Indonesia exports this product to 101 countries. Exports of Cocoa and cocoa preparations to Turkmenistan ranked 75th. In 2022, Indonesia recorded exports of US$44,000. The other five largest export destinations for Cocoa and cocoa preparations were India, the United States, China, Malaysia, and Estonia.
5. Pharmaceutical products
Indonesia exports this product to 132 countries. Exports of Pharmaceutical products to Turkmenistan ranked 95th. In 2022, Indonesia recorded exports of US$33,000. Other top five export destinations include the Philippines, Singapore, India, Japan, and Nigeria.