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Indonesia recorded exports to Colombia totaling US$170.93 million as of December 2023. This figure represents a 34.03% decrease compared to the previous year's exports, which reached US$259.1 million.
Indonesia's trade record with Colombia shows an upward trend in exports over the past 10 years. The lowest export value was US$122.33 million, while the highest reached US$332.24 million.
Of the 97 products (two-digit HS codes) exported to Colombia, 40 products were worth more than one billion dollars. Furthermore, according to Trademap data, 52 main Indonesian products are exported to Colombia annually. In other words, these products are Indonesia's mainstay exports to Colombia. The remaining products are largely also exported to other countries.
The following is a list of the top five products exported by Indonesia to Colombia, ordered from highest to lowest transaction value.
- Vehicles other than railway or tramway rolling-stock, and parts and accessories
- Footwear, gaiters and the like
- Rubber
- Nuclear reactors, boilers, machinery and mechanical appliances
- Paper and Paperboard
Indonesia's top export to Colombia is Vehicles other than railway or tramway rolling-stock, and parts and accessories. In the Trademap classification, this falls under HS code 87. In 2023, Indonesia exported US$58.66 million worth of these products. This is lower than the previous period's US$69,050,000.
The second largest export to Colombia is Footwear, gaiters and the like. The export value in 2023 was US$20.15 million, lower than the previous period's US$21,509,000.
Colombia is the largest single destination for Indonesia's rubber exports. In 2023, Indonesia exported US$13.73 million worth of rubber to Colombia. Other major export destinations for Indonesian rubber include the United States, Germany, China, Mexico, and France.
Indonesia also exported US$9.77 million worth of Nuclear reactors, boilers, machinery and mechanical appliances to Colombia. This represents an increase compared to the previous period's US$6,352,000. Besides Colombia, Indonesia's main export destinations for these products include the United States, China, Germany, the United Kingdom, and Mexico. Indonesia also exported these products to four other countries.
Colombia is currently the largest export destination for Indonesian Paper and Paperboard. Indonesia exported US$9.32 million worth of these products to Colombia. Other major export destinations include the United States, Germany, France, the United Kingdom, and Italy.
"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."