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Indonesia recorded exports to Switzerland worth US$2.27 billion as of December 2023. This figure represents a 20.38% increase compared to the previous year's exports, which were recorded at US$1.88 billion.
Indonesia's trade record with Switzerland shows an upward trend in exports over the past 10 years. The lowest export value was US$133.9 million, while the highest reached US$2.4 billion.
Of the 97 products (two-digit HS codes) exported to Switzerland, 50 products were worth more than one billion dollars. Furthermore, according to Trademap data, 61 main Indonesian products are exported to Switzerland annually. In other words, these products are Indonesia's main exports to Switzerland. Many of the other products are also exported to other countries.
The following is a list of the top five products exported by Indonesia to Switzerland. This list is ordered from highest to lowest transaction value.
1. Cultured or natural pearls, precious or semi-precious stones, precious metals, clad metals
Cultured or natural pearls, precious or semi-precious stones, precious metals, and clad metals, classified under HS code 71 in Trademap, are Indonesia's top export to Switzerland, valued at US$2.15 billion. This represents an increase compared to the previous period, which recorded US$1.75 billion.
2. Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus
Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus (HS code 90). Indonesia exported US$51.39 million worth of these products to Switzerland.
3. Machinery and mechanical appliances; electrical equipment and parts
Indonesia also exports a significant amount of machinery and mechanical appliances; electrical equipment and parts to Switzerland, with exports valued at US$13.01 million. This is an increase compared to the previous period, which recorded US$3,959,000. Trademap data shows that Indonesia's export of machinery and mechanical appliances; electrical equipment and parts is to 4 countries. Exports of machinery and mechanical appliances; electrical equipment and parts to this country are the largest. Other countries in the top five export destinations are China, the United States, Hong Kong, China, Germany, and Singapore.
4. Essential oils and resinoids
Exports of essential oils and resinoids to Switzerland are currently the largest. Indonesia exported US$8.51 million worth of these products to Switzerland. Other major export destinations for essential oils and resinoids include the United States, China, Germany, France, and the United Kingdom.
5. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
Indonesia also exports a significant amount of vehicles other than railway or tramway rolling-stock, and parts and accessories thereof to Switzerland. The value of these exports in 2023 was US$4.63 million. This is lower than the previous period, which reached US$4,867,000. Besides Switzerland, Indonesia also relies on exports of vehicles other than railway or tramway rolling-stock, and parts and accessories thereof to the United States, Germany, Canada, the United Kingdom, and France. In addition to these main countries, Indonesia is recorded as exporting this product to 4 other countries.
"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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