Indonesia's Iron Exports to Guatemala Rise to US$83.14 Million
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Indonesia recorded exports to Guatemala worth US$189.07 million as of December 2023. This figure represents a 59.32% increase compared to the previous year's exports, which totaled US$118.67 million.
Indonesia's trade record with Guatemala shows an upward trend in exports over the past 10 years. 2023 marked a historic high with the highest export value ever recorded.
Of the 97 products (two-digit HS codes) exported to Guatemala, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 44 main Indonesian products exported annually to this country. In other words, these products are Indonesia's main export staples to Guatemala. The majority of other products are also exported to many other countries.
The following is a list of the top five products exported by Indonesia to Guatemala, ordered from highest to lowest transaction value:
1. Iron and Steel
Iron and steel (HS code 72) are the top export to Guatemala. Indonesia exported US$83.14 million worth of these products to Guatemala. This represents an increase compared to the previous period, which recorded US$32,341 thousand.
2. Vehicles other than railway or tramway rolling-stock, and parts and accessories
Indonesia's second-largest export to Guatemala is vehicles other than railway or tramway rolling-stock, and parts and accessories. The export value in 2023 was US$45.69 million, an increase compared to the previous period's US$27,569 thousand.
3. Paper and paperboard
Third on the list is paper and paperboard. Indonesia exported US$23.8 million worth of these products to Guatemala in 2023. This is lower than the previous period, which reached US$25,126 thousand. Guatemala remains the largest export destination for Indonesian paper and paperboard. Other top five export destinations include the United States, Germany, France, the United Kingdom, and Italy.
4. Nuclear reactors, boilers, machinery and mechanical appliances
Indonesia also exports a significant amount of nuclear reactors, boilers, machinery and mechanical appliances to Guatemala. The export value was US$5.46 million, an increase compared to the previous period's US$4,814 thousand. Guatemala remains the largest export destination for these products. Other top five export destinations include the United States, China, Germany, the United Kingdom, and Mexico.
5. Electrical machinery and equipment and parts
Exports of electrical machinery and equipment and parts to Guatemala are also significant. In 2023, Indonesia recorded exports of US$5.08 million. Other top five export destinations include 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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