Indonesia Exported the Most Cultured and Natural Pearls to the United Arab Emirates in 2023
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Indonesia recorded exports to the United Arab Emirates (UAE) totaling US$2.65 billion as of December 2023. This figure represents a 15.16% increase compared to the previous year's exports, which were recorded at US$2.3 billion.
Indonesia's trade record with the UAE shows an upward trend in exports over the past 10 years. 2023 marks a historic high with the highest ever recorded export value.
Of the 97 products (two-digit HS codes) exported to the UAE, 52 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 89 main Indonesian products exported annually to this country. In other words, these products are Indonesia's main export commodities to the UAE. The remaining products are largely those also exported to other countries.
The following is a list of the top five Indonesian export products to the UAE, 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, were Indonesia's top export to the UAE, totaling US$589.28 million. This represents an increase compared to the previous period, which recorded US$364.44 million.
2. Vehicles (excluding rail vehicles/rolling stock), parts and accessories
Vehicles (excluding rail vehicles/rolling stock), parts and accessories (HS code 87). Indonesia exported US$382.68 million worth of these products to the UAE.
3. Animal, vegetable or microbial fats and oils and their cleavage products
Indonesia's exports of animal, vegetable, or microbial fats and oils and their cleavage products were primarily destined for one country. Exports to the UAE were the largest, totaling US$255.56 million in 2023. The other five countries that received these exports were Ship chandlers and bunkers, Sierra Leone, Singapore, Sint Maarten (Netherlands Antilles), and Slovakia.
4. Paper and paperboard
Indonesia's exports of paper and paperboard were primarily destined for one country. Exports to the UAE were the largest, totaling US$190.84 million in 2023. Other top five export destinations included the United States, Germany, France, the United Kingdom, and Italy.
5. Machinery, electrical equipment and parts
Exports of machinery, electrical equipment and parts to the UAE were the largest. In 2023, Indonesia recorded exports totaling US$155.8 million. Other top five export destinations included China, the United States, Hong Kong, China, Germany, and Singapore.
"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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