Indonesia is the Largest Exporter of Animal Fats and Oils to the Russian Federation

Indonesia recorded exports to the Russian Federation totaling US$1.39 billion as of December 2022. This figure represents a significant 7.13% decrease compared to the previous year's exports of US$1.49 billion.

Indonesia's trade record with the Russian Federation shows an upward trend in exports over the past 10 years. The lowest export value was US$864,081 thousand, while the highest reached US$1.49 billion.

Of the 97 products (two-digit HS codes) exported to the Russian Federation, 51 products were valued at over one billion dollars. Most of the exported products (72 products) are also exported to other countries.

The following is a list of the top five products exported by Indonesia to the Russian Federation. This list is ordered from highest to lowest transaction value.

1. Animal, vegetable or microbial fats and oils and their fractions

Falling under HS code 15, Animal, vegetable or microbial fats and oils and their fractions is a product group categorized together with Prepared edible fats and oils. Exports of this product to the Russian Federation ranked first. Indonesia exported US$947,131 thousand from this category. The export value of Animal, vegetable or microbial fats and oils and their fractions; Prepared edible fats and oils increased compared to the previous period, which recorded US$833,611 thousand.

2. Nuclear reactors, boilers, machinery and mechanical appliances

Second, Indonesia's largest export was Nuclear reactors, boilers, machinery and mechanical appliances. The export value to the Russian Federation in 2022 was recorded at US$80,237 thousand. This figure increased compared to the previous period, which recorded US$36,485 thousand.

3. Coffee, tea, maté and spices

Indonesia is recorded to have exported this product to 116 countries. Exports of Coffee, tea, maté and spices to this country ranked tenth. In 2022, Indonesia recorded exports of US$57,878 thousand. Besides this country, the largest exports of Coffee, tea, maté and spices were to the United States, China, India, Germany, and Japan.

4. Rubber and articles thereof

Another product, Rubber and articles thereof, falls under HS code 40. Indonesia exported US$47,414 thousand, lower than the previous period which reached US$99,393 thousand. Besides the Russian Federation, Indonesia also relies on exports of Rubber and articles thereof to the United States, Japan, China, India, and the Republic of Korea. In addition to these main countries, Indonesia is recorded to have exported this product to 141 other countries.

5. Electrical machinery and equipment and parts thereof

Indonesia exported this product to 164 countries. Exports of Electrical machinery and equipment and parts thereof to this country ranked 35th. In 2022, Indonesia recorded exports valued at US$27,755 thousand. Other countries in the top five export destinations are Singapore, the United States, Japan, the Republic of Korea, and Hong Kong, China.