Indonesia recorded US$3.11 billion in exports to the Netherlands as of December 2020. This figure represents a significant 2.84% decrease compared to the previous year's exports of US$3.2 billion.
Indonesia's trade record with the Netherlands shows a considerable decline in exports over the past 10 years. The lowest export value was US$3.11 billion, while the highest reached US$5.13 billion.
Of the 97 products (two-digit HS codes) exported to the Netherlands, 60 products were worth over one billion dollars. Furthermore, according to Trademap data, one main Indonesian product is exported to this country annually. This indicates a significant dependence on these export products. The majority of other products are also exported to other countries, totaling 80 products.
Below is a list of the top five Indonesian products exported to the Netherlands, ordered by value from highest to lowest.
1. Vegetable fats and oils and their fractions
Indonesia's top export to the Netherlands is vegetable fats and oils and their fractions. In the Trademap classification, this falls under HS code 15. This export category is grouped with edible fats and animal…
In 2020, Indonesia exported US$655.59 million worth of these products. This is lower than the previous period's US$685.18 million.
2. Other Chemical Products
Other Chemical Products, with HS code 38, accounted for US$484.57 million in exports from Indonesia to the Netherlands.
3. Organic chemicals
Ranked third are Organic chemicals, categorized under HS code 29 in the Trademap classification. Indonesia exported US$192.27 million, an increase compared to the previous period's US$126.31 million. Besides the Netherlands, Indonesia also relies on exports of organic chemicals to China, Japan, the United States, and India. In addition to these major countries, Indonesia exported this product to 112 other countries.
4. Residues and waste from the food industry
Indonesia also exports a significant amount of Residues and waste from the food industry to the Netherlands. The value of these exports in 2020 was US$191.18 million, slightly up from US$191.17 million in the previous period. The Netherlands remains the largest export destination for this product. Other top five export destinations include New Zealand, China, Korea, Republic of [Unspecified Republic], and Vietnam.
5. Wood and wood articles
Falling under HS code 44, Wood and wood articles are categorized together with wood charcoal. Indonesia exported US$148.56 million worth of these products to the Netherlands. Besides the Netherlands, Indonesia also relies on exports of Wood and wood articles to Japan, the United States, China, Korea, Republic of [Unspecified Republic], and Taipei, China. In addition to these major countries, Indonesia exported this product to 146 other countries.