Indonesian vehicle exports (excluding railway or tram rolling stock) to Mexico surge to US$672.2 million.
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Indonesia recorded US$2.16 billion in exports to Mexico as of December 2023. This figure represents a 26.94% increase compared to the previous year's exports, which totaled US$1.7 billion.
Indonesia's trade record with Mexico shows an upward trend in exports over the past 10 years. 2023 marked a historic high with the highest ever export value.
Of the 97 products (two-digit HS codes) exported to Mexico, 61 products were worth more than one billion dollars. Furthermore, according to Trademap data, 72 main Indonesian products are exported to Mexico annually. In other words, these products are Indonesia's main exports to Mexico. The remaining products are largely those also exported to other countries.
The following is a list of the top five products exported by Indonesia to Mexico, ordered from highest to lowest transaction value:
1. Vehicles other than railway or tramway rolling-stock, and parts and accessories
Vehicles other than railway or tramway rolling-stock, and parts and accessories (HS code 87) are Indonesia's top export to Mexico, totaling US$672.2 million. This represents an increase compared to the previous period's US$342.12 million.
2. Machinery and electrical equipment and parts
Falling under HS code 85, Machinery and electrical equipment and parts are categorized together with sound recorders and reproducers, and television. Indonesia exported US$316.52 million worth of these products to Mexico.
3. Footwear, gaiters and the like
Indonesia also exports a significant amount of Footwear, gaiters and the like to Mexico, totaling US$193.43 million. This is lower than the previous period's US$198.4 million. Trademap data shows that Indonesia's trade activity exporting Footwear, gaiters and the like is spread across 4 countries, with Mexico being the largest recipient. Other top five export destinations include the United States, Germany, France, Italy, and Afghanistan.
4. Iron and steel
Indonesia also exports a significant amount of Iron and steel to Mexico, valued at US$124.51 million. This represents an increase compared to the previous period's US$5,508 thousand. Trademap data shows that Indonesia's trade activity exporting Iron and steel is spread across 4 countries, with Mexico being the largest recipient. The other top five export destinations for Iron and steel are China, the United States, Germany, Afghanistan, and unspecified African countries.
5. Rubber
Classified under HS code 40 in Trademap, Indonesia exported US$120.19 million worth of Rubber to Mexico, lower than the previous period's US$134.25 million. Mexico remains the largest export destination for Indonesian Rubber. Other top five export destinations include the United States, Germany, China, and France.
"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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