Indonesia Is the Largest Exporter of Machinery to Argentina

Indonesia recorded exports to Argentina totaling US$310,877 thousand as of December 2022. This figure represents a 10.74% increase compared to the previous year's exports, which were recorded at US$280,726 thousand.

Indonesia's trade record with Argentina shows a significant decline in exports over the past 10 years. Indonesia's lowest export value was US$159,080 thousand, while the highest was US$335,214 thousand.

Of the 97 products (two-digit HS codes) exported to Argentina, 40 products were worth more than one billion dollars. Most of the exported products (63 products) are also exported to other countries.

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

1. Electrical machinery, equipment, and parts

Indonesia's top export to Argentina is electrical machinery, equipment, and parts. In the tradmap classification, this falls under HS code 85. This product category is grouped with sound recorders and reproducers, and television. In 2022, Indonesia exported US$65,093 thousand worth of these goods. This represents an increase compared to the previous period, which recorded US$53,362 thousand.

2. Fertilizers

The second largest export from Indonesia to Argentina is fertilizers. The export value in 2022 was US$54,839 thousand, an increase from US$36,681 thousand in the previous period.

3. Footwear, headgear, and the like

Indonesia also exports a significant amount of footwear, headgear, and similar products to Argentina, totaling US$52,363 thousand. This is an increase from US$37,457 thousand in the previous period. Indonesia exports this product to 121 countries, with Argentina ranking 19th. The top five export destinations for this product are the United States, Belgium, China, Germany, and Japan.

4. Rubber and rubber articles

Ranked fourth is rubber and rubber articles (HS code 40). Indonesia exported US$41,511 thousand worth of these products. Besides Argentina, Indonesia also exports rubber and rubber articles to the United States, Japan, China, India, and the Republic of Korea. In addition to these major countries, Indonesia exports this product to 141 other countries.

5. Nuclear reactors, boilers, machinery, and mechanical appliances

Indonesia exports this product to 158 countries, with Argentina ranking 36th. In 2022, Indonesia exported US$18,225 thousand worth of these goods. The other top five export destinations for this product are Singapore, the United States, Japan, Thailand, and Malaysia.