Indonesia is the Largest Exporter of Fats to the Russian Federation

Indonesia recorded exports to the Russian Federation totaling US$1.45 billion as of December 2021. This figure represents a 49.23% increase compared to the previous year's exports, which were recorded at US$973.82 million.

Indonesia's trade record with the Russian Federation shows an upward trend in exports over the past 10 years. 2021 marked a historic high with the highest export value ever recorded.

Of the total 97 products (two-digit HS codes) exported to the Russian Federation, 60 products were worth more than one billion dollars. Most of the products exported to this destination are also exported to other countries, totaling 70 products.

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. Vegetable fats and oils and their fractions

Falling under HS code 15, Vegetable fats and oils and their fractions are categorized together with Edible fats and animal... Exports of this product to the Russian Federation ranked first. Indonesia exported US$833.61 million worth of this product to Russia. Exports of Vegetable fats and oils and their fractions; Edible fats; animal... increased compared to the previous period, which was recorded at US$511 million.

2. Rubber and articles thereof

Second on the list, Indonesia's largest export was Rubber and articles thereof. The export value to the Russian Federation in 2021 was recorded at US$99,395 thousand. This figure increased compared to the previous period, which was recorded at US$44,498 thousand.

3. Footwear, gaiters and the like

Third on the list, Indonesia also exported US$72,168 thousand worth of Footwear, gaiters and the like to the Russian Federation. Exports of this product increased compared to the previous period, which was recorded at US$51,767 thousand. Exports of Footwear, gaiters and the like to the Russian Federation were ranked 12th. Besides Russia, the largest exports of Footwear, gaiters and the like were destined for the United States, China, Belgium, Germany, and Japan. Indonesia also exported this product to 111 countries.

4. Electrical machinery and equipment and parts thereof

Indonesia's export destinations for this product reached 156 countries. Exports of Electrical machinery and equipment and parts thereof to Russia were ranked 22nd. In 2021, Indonesia recorded exports valued at US$49,086 thousand. Five other countries that were major export destinations for Electrical machinery and equipment and parts thereof were the United States, Singapore, Japan, China, and Hong Kong, China.

5. Machinery, mechanical appliances, nuclear reactors, boilers

Indonesia exported this product to 154 countries. Exports of Machinery, mechanical appliances, nuclear reactors, boilers to Russia were ranked 23rd. In 2021, Indonesia recorded exports of US$36,381 thousand. Besides Russia, the largest exports of Machinery, mechanical appliances, nuclear reactors, boilers were destined for the United States, Singapore, Japan, Thailand, and Germany.