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Indonesia recorded exports to Kiribati totaling US$3.61 million as of December 2023. This figure represents a 19.54% increase compared to the previous year's exports, which were recorded at US$3.02 million.
Indonesia's trade record with Kiribati shows an upward trend in exports over the past 10 years. The lowest export value was US$1.73 million, while the highest reached US$4.49 million.
Of the 97 products (two-digit HS codes) exported to Kiribati, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 25 main Indonesian products exported to this country annually. In other words, these products are the mainstay of Indonesian exports to Kiribati. The majority of other products are also exported to many other countries.
The following is a list of the five main products exported by Indonesia to Kiribati. This list is ordered from the highest to lowest transaction value.
- Essential oils and resinoids
- Preparations of cereals, flour, starch or milk
- Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s.
- Animal, vegetable or microbial fats and oils and their fractions
- Prepared foodstuffs
Indonesia's top export to Kiribati is essential oils and resinoids. In the Trademap classification, essential oils and resinoids fall under the HS code 33. This product category is grouped together with perfumery, cosmetic, or toilet preparations.
In 2023, Indonesia exported US$0.82 million worth of essential oils and resinoids; perfumery, cosmetic or toilet preparations. This export value increased compared to the previous period, which recorded US$668,000.
Second, Indonesia's largest export is preparations of cereals, flour, starch or milk. Exports to Kiribati in 2023 totaled US$0.8 million. This figure increased compared to the previous period, which recorded US$540,000.
Exports of soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s. to Kiribati are currently the largest. Indonesia exported US$0.5 million worth of these products to Kiribati. Other major export destinations for these products include Germany, the United States, China, France, and the United Kingdom.
Exports of animal, vegetable or microbial fats and oils and their fractions totaled US$0.45 million. This export value is lower than the previous period, which reached US$709,000. Kiribati remains the largest export destination for these products. Besides Kiribati, the five largest export destinations for these products are Ship chandlers and bunkers, Sierra Leone, Singapore, Sint Maarten (Netherlands Antilles), and Slovakia.
Indonesia also exported US$0.3 million worth of prepared foodstuffs to Kiribati. This export value increased compared to the previous period, which recorded US$106,000. Kiribati is the largest export destination for prepared foodstuffs. Other top five export destinations include the United States, China, Germany, the United Kingdom, 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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