Indonesia Prepares to Export US$20.13 Million Worth of Cocoa to Finland in 2023
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Indonesia recorded exports to Finland worth US$54.94 million as of December 2023. This represents a drastic 40.35% decrease compared to the previous year's exports, which totaled US$92.09 million.
Indonesia's trade record with Finland shows a significant decrease in exports over the past 10 years. The lowest export value was US$54.94 million, while the highest reached US$111.44 million.
Of the 97 products (two-digit HS codes) exported to Finland, 37 were worth more than one billion dollars. Furthermore, according to Trademap data, 46 main Indonesian products are exported to Finland annually. In other words, these products are the mainstay of Indonesian exports to Finland. The remaining products are largely also exported to other countries.
The following is a list of the top five Indonesian products exported to Finland, ordered by value from highest to lowest:
1. Cocoa and cocoa preparations: Under the Trademap classification, this falls under HS code 18. Indonesia exported US$20.13 million worth of cocoa and cocoa preparations to Finland, a significant increase compared to the previous period's US$59,000.
2. Rubber: Under HS code 40, Indonesia exported US$9.72 million worth of rubber.
3. Copper: Indonesia's copper exports to Finland are currently the largest for that destination, totaling US$6.21 million. Other major export destinations for Indonesian copper include China, the United States, Germany, Italy, and India.
4. Cotton: Under the Trademap classification, this falls under HS code 52. Indonesia exported US$2.44 million worth of cotton. Finland is the largest export destination for Indonesian cotton. Other major exporters of cotton include China, Vietnam, Turkey, Indonesia, and Italy.
5. Preparations of vegetables, fruit, nuts or other parts of plants: Indonesia's exports of these preparations to Finland are currently the largest for that destination, totaling US$1.96 million. Other major export destinations include the United States, Germany, France, the United Kingdom, and Japan.
"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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