Indonesia's Exports to the United States Increased, but Imports Decreased in 2020

Indonesia's trade balance with the United States saw a surplus of US$10.03 billion in 2020. This trade balance value increased by 17.19% compared to the previous year's balance, which was recorded at US$8.55 billion.

This positive trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$18.67 billion. This value is higher than Indonesia's imports from the United States, which were recorded at US$8.64 billion.

Indonesia's exports to the United States have been on an upward trend over the past year. The previous year's export value was US$17.87 billion.

Meanwhile, imports, according to Trademap data, decreased by 7.27% compared to the previous year, which was recorded at US$9.32 billion.

Based on product type, there were 10 main export products from Indonesia to the United States that recorded a surplus throughout 2020. The total export value of these main products reached US$3.64 billion.

List of 10 Main Indonesian Export Products to the United States

1. (HS 03): Fish and crustaceans, molluscs and other aquatic invertebrates


2. (HS 06): Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage


3. (HS 09): Coffee, tea, maté and spices


4. (HS 13): Lac; gums, resins, and other vegetable saps and extracts


5. (HS 14): Vegetable plaiting materials; unprepared or merely prepared vegetable products


6. (HS 15): Vegetable fats and oils and their cleavage products; edible fats; animal…


7. (HS 16): Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates


8. (HS 17): Sugars and sugar confectionery


9. (HS 18): Cocoa and cocoa preparations


10. (HS 19): Preparations of cereals, flour, starch or milk; pastrycooks' products

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$21.68 billion, or an increase of 703.56%. In other words, Indonesia recorded a trade balance surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.