Indonesia was the largest exporter of cocoa preparations to Finland in 2023.
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Indonesia recorded exports to Finland totaling US$54.94 million as of December 2023. This figure represents a 40.35% decrease compared to the previous year's exports of US$92.09 million.
Indonesia's trade record with Finland shows a significant decline in exports over the past 10 years. The lowest export value was US$54.94 million, while the highest reached US$111.44 million.
Of the 97 products (two-digit HS codes) exported to Finland, 37 products were worth more than one billion dollars. Furthermore, according to Trademap data, 46 main Indonesian products are exported to Finland annually. In other words, these products are Indonesia's main export staples to Finland. The remaining products are largely also exported to other countries.
The following is a list of the top five Indonesian products exported to Finland, ordered from highest to lowest transaction value.
- Cocoa and cocoa preparations
- Rubber
- Copper
- Cotton
- Preparations of vegetables, fruit, nuts or other parts of plants
Cocoa and cocoa preparations, under HS code 18, ranked first in exports to Finland. Indonesia exported US$20.13 million worth of these products. This represents an increase compared to the previous period, which recorded US$59,000.
Rubber, under HS code 40, with exports totaling US$9.72 million.
Thirdly, Indonesia exported a significant amount of copper to Finland, valued at US$6.21 million. This is lower than the previous period, which reached US$21,225,000. Finland currently remains the largest destination for Indonesian copper exports. Other top five export destinations for Indonesian copper include China, the United States, Germany, Italy, and India.
Indonesia also exported a significant amount of cotton to Finland, valued at US$2.44 million. No exports to Finland were recorded in the previous year. Finland currently remains the largest destination for Indonesian cotton exports. Other top five export destinations for Indonesian cotton include China, Vietnam, Türkiye, Indonesia, and Italy.
Preparations of vegetables, fruit, nuts or other parts of plants, classified under Trademap's HS code 20, totaled US$1.96 million in exports from Indonesia to Finland. Finland is the sole export destination for this product. Finland is the largest export destination for this product. Other top five export destinations include the United States, Germany, France, the United Kingdom, and Japan.
"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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