Indonesia was the largest exporter of rubber to Belize in 2023.
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Indonesia recorded US$0.52 million in exports to Belize as of December 2023. This figure represents a 10.75% decrease compared to the previous year's exports of US$0.58 million.
Indonesia's trade record with Belize shows a drastic reduction in exports over the past 10 years. The lowest export value was US$0.52 million, while the highest reached US$1.24 million.
Of the 97 products (two-digit HS codes) exported to Belize, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 14 main Indonesian products exported to Belize annually. In other words, these products are the mainstay of Indonesian exports to Belize. The remaining products are largely those also exported to other countries.
The following is a list of the top five Indonesian products exported to Belize, ordered from highest to lowest transaction value:
1. Rubber
Indonesia exported a significant amount of rubber. In the Trademap classification, rubber falls under HS code 40. In 2023, Indonesia exported US$0.24 million worth of rubber. This is lower than the previous period's US$349,000.
2. Furniture
Indonesia's second-largest export to Belize was furniture, valued at US$0.13 million in 2023. This is an increase compared to the previous period's US$101,000.
3. Paper and Paperboard
Exports of paper and paperboard amounted to US$39,000. There were no recorded exports to Belize in the previous year. Currently, Belize is the largest recipient of Indonesian paper and paperboard exports. The other top five export destinations for Indonesian paper and paperboard are the United States, Germany, France, the United Kingdom, and Italy.
4. Nuclear reactors, boilers, machinery and mechanical appliances
Indonesia also exported a significant amount of nuclear reactors, boilers, machinery and mechanical appliances to Belize, valued at US$31,000 in 2023. There were no recorded exports to Belize in the previous year. Trademap data shows that Indonesia exports these products to four countries, with Belize being the largest recipient. The other top five export destinations are the United States, China, Germany, the United Kingdom, and Mexico.
5. Glass and glassware
Indonesia also exported glass and glassware to Belize, valued at US$18,000. There were no recorded exports to Belize in the previous year. Belize is the largest recipient of Indonesian glass and glassware exports. The other top five export destinations are the United States, China, Germany, France, 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."
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