Indonesia's trade balance with Aruba showed a surplus of US$1.16 million in 2020. However, this surplus decreased by 55.03% compared to the previous year's US$2.57 million.
This decline in the trade balance, according to Trademap data, was supported by Indonesian exports reaching US$1.2 million. This is higher than Indonesia's imports from Aruba, which were recorded at US$42,000.
Indonesian exports to Aruba have been declining over the past year. The previous year's export value was US$2.65 million.
Imports, according to Trademap data, decreased by 43.24% compared to the previous year's US$74,000.
Based on product type, 10 main export products from Indonesia to Aruba recorded a surplus in 2020. The total value of these main exports reached US$1.2 million.
List of 10 Main Indonesian Export Products to Aruba
- (HS 87): Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
- (HS 94): Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings;…
- (HS 03): Fish and crustaceans, molluscs and other aquatic invertebrates
- (HS 40): Rubber and articles thereof
- (HS 69): Ceramic products
- (HS 44): Wood and articles of wood; wood charcoal
- (HS 46): Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork
- (HS 59): Impregnated, coated, covered or laminated textile fabrics; textile articles…
- (HS 62): Articles of apparel and clothing accessories, knitted or crocheted
- (HS 70): Glass and glassware
Globally, the trade balance for all goods improved due to an increase in several product categories. Indonesia's total trade balance was recorded at US$21.68 billion, a 703.56% increase. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.