Indonesia Exported US$1.49 Million Worth of Animal Fats and Oils to Bangladesh

Indonesia recorded US$3.89 billion in exports to Bangladesh as of December 2022. This figure represents a 32.99% increase compared to the previous year's exports, which totaled US$2.93 billion.

Indonesia's trade record with Bangladesh shows an upward trend in exports over the past 10 years. 2022 marked a historic high with the highest export value ever recorded.

Of the 97 products (two-digit HS codes) exported to Bangladesh, 44 products were worth more than one billion dollars. Furthermore, according to Trademap data, two main Indonesian products are exported to this country annually. This indicates a significant dependence on these export products. The majority of the remaining products (69) are also exported to other countries.

The following is a list of the top five Indonesian products exported to Bangladesh, ordered from highest to lowest transaction value.

1. Animal, vegetable or microbial fats and oils and their cleavage products

Indonesia exported a significant amount of Animal, vegetable or microbial fats and oils and their cleavage products. In the Trademap classification, these fall under HS code 15. This export category is grouped together with Prepared edible fats and...

In 2022, Indonesia exported US$1.49 billion worth of Animal, vegetable or microbial fats and oils and their cleavage products; Prepared edible fats and... This represents an increase compared to the previous period, which recorded US$1.38 billion.

2. Mineral fuels, mineral oils and products of their distillation

Falling under HS code 27, Mineral fuels, mineral oils and products of their distillation are grouped together with bituminous substances and mineral waxes. Indonesia exported US$1.32 billion worth of these products to Bangladesh.

3. Man-made staple fibers

Indonesia also exported a significant amount of Man-made staple fibers to Bangladesh. Exports of this product totaled US$217,497 thousand. This is an increase compared to the previous period, which recorded US$189,094 thousand. Indonesia exports this product to 106 countries. Exports of Man-made staple fibers to Bangladesh are ranked second. The other five largest importers of Indonesian Man-made staple fibers are Türkiye, India, Pakistan, and Japan.

4. Salt

Indonesia exported this product to 67 countries. Exports of Salt to Bangladesh were the largest. In 2022, Indonesia recorded exports valued at US$189,486 thousand. Other top five export destinations include Singapore, Taipei, China, the Philippines, and China.

5. Cotton

Indonesia also exported a significant amount of Cotton to Bangladesh. The value of these exports in 2022 was US$118,301 thousand. This is lower than the previous period, which reached US$128,386 thousand. Bangladesh remains the largest export destination for Indonesian Cotton. The other five largest importers of Indonesian Cotton are China, Japan, Honduras, and the United States.