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Indonesia recorded exports to Papua New Guinea totaling US$196.86 million as of December 2023. This figure represents a significant 19.5% decrease compared to the previous year's exports of US$244.56 million.
Indonesia's trade record with Papua New Guinea shows an upward trend in exports over the past 10 years. The lowest export value was US$139.01 million, while the highest reached US$244.56 million.
Of the 97 products (two-digit HS codes) exported to Papua New Guinea, 35 were worth more than one billion dollars. Furthermore, according to Trademap data, 75 main Indonesian products are exported to this country annually. In other words, these products are the mainstay of Indonesian exports to Papua New Guinea. Many of the other products are also exported to other countries.
The following is a list of the top five products exported by Indonesia to Papua New Guinea. This list is ordered from highest to lowest transaction value.
- Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s.
- Prepared foodstuffs
- Aluminum
- Fertilizers
- Milling industry products
Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s. (HS code 34) ranked first in exports to Papua New Guinea. Indonesia exported US$17.55 million worth of these products. This is lower than the previous period's US$22,062,000.
Second, Indonesia's largest export was prepared foodstuffs. Exports to Papua New Guinea in 2023 totaled US$16.74 million. This is lower than the previous period's US$18,319,000.
For aluminum products (HS code 76), Indonesia exported US$15.43 million. Trademap data shows that Indonesia exports aluminum to four countries. Exports to Papua New Guinea were the largest. Other countries in the top five export destinations are the United States, Germany, China, Mexico, and France.
Indonesia exported this product to one country. Exports of fertilizers to Papua New Guinea were the largest. In 2023, Indonesia recorded exports worth US$13.62 million. The five other countries that are sources of fertilizer exports are Brazil, India, the United States, China, and France.
Under HS code 11, milling industry products are a group of export goods categorized together with malt, starch, inulin, and wheat gluten. Indonesia exported US$13.04 million worth of these products, lower than the previous period's US$19,698,000. Exports of milling industry products to Papua New Guinea were the largest. The five other countries that are sources of milling industry product exports are the United States, China, the Netherlands, Germany, and Brazil.
"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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