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Indonesia recorded exports to Cuba worth US$8.2 million as of December 2023. This figure represents a 173.91% increase compared to the previous year's exports, which were recorded at US$2.99 million.
Indonesia's trade record with Cuba shows an upward trend in exports over the past 10 years. The lowest export value was US$2.75 million, while the highest reached US$13.26 million.
Of the 97 products (two-digit HS codes) exported to Cuba, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, nine main Indonesian products are exported to Cuba annually. In other words, these products are the mainstay of Indonesian exports to Cuba. The majority of other products are also exported to many other countries.
Below is a list of the top five products exported by Indonesia to Cuba, ordered from highest to lowest transaction value.
1. Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s.
Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s. (HS Code 34) ranks first in exports to Cuba. Indonesia exported US$6.93 million worth of this product to Cuba. This represents an increase compared to the previous period, which recorded US$2,728,000.
2. Animal, vegetable or microbial fats and oils and their fractions
Second, Indonesia's largest export is animal, vegetable, or microbial fats and oils and their fractions. Exports to Cuba in 2023 were recorded at US$0.43 million. In the previous year, Indonesia recorded no exports to this country.
3. Machinery and electrical equipment and parts
Indonesia also exports a significant amount of machinery and electrical equipment and parts to Cuba. The value of these exports was recorded at US$0.29 million. In the previous year, Indonesia recorded no exports to this country. Currently, Cuba is still the largest destination for Indonesian exports of machinery and electrical equipment and parts. Besides Cuba, the five largest export destinations for this product are China, the United States, Hong Kong, China, Germany, and Singapore.
4. Glass and glassware
Indonesia exported this product to only one country. Exports of glass and glassware to this country are the largest. In 2023, Indonesia recorded exports of US$0.23 million. The five other countries that are the source of glass and glassware exports are the United States, China, Germany, France, and Italy.
5. Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates, n.e.s.
Indonesia also exports a significant amount of preparations of meat, fish, crustaceans, molluscs, or other aquatic invertebrates, n.e.s. to Cuba. The value of these exports was US$0.22 million. In the previous year, Indonesia recorded no exports to this country. Besides Cuba, Indonesia also relies on exports of preparations of meat, fish, crustaceans, molluscs, or other aquatic invertebrates, n.e.s. to the United States, Japan, the United Kingdom, Germany, and France. In addition to these main countries, Indonesia also exported this product to four other countries.
"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."