Indonesia exported US$672.2 million worth of vehicles (excluding railway and tram equipment) to Mexico in 2023.
- A Small Font
- A Medium Font
- A Bigger Font
Indonesia recorded exports to Mexico totaling US$2.16 billion as of December 2023. This figure represents a 26.94% increase compared to the previous year's exports, which were recorded at US$1.7 billion.
Indonesia's trade record with Mexico shows an upward trend in exports over the past 10 years. 2023 marks a historic high with the highest export value ever recorded.
Of the 97 products (two-digit HS codes) exported to Mexico, 61 products were worth more than one billion dollars. Furthermore, according to Trademap data, 72 main Indonesian products are exported to Mexico annually. In other words, these products are the mainstay of Indonesian exports to Mexico. Many of the other products are also exported to other countries.
The following is a list of the top five products exported by Indonesia to Mexico, ordered from highest to lowest transaction value:
1. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.
Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof (HS Code 87). Exports of this product to Mexico ranked first, with Indonesia exporting US$672.2 million. This export value increased compared to the previous period, which recorded US$342.12 million.
2. Electrical machinery, equipment, and parts.
Falling under HS Code 85, electrical machinery, equipment, and parts are categorized together with sound recording and reproducing apparatus, and television receivers. Indonesia exported US$316.52 million worth of these products.
3. Footwear, gaiters and the like.
Exports of footwear, gaiters and the like to Mexico are currently the largest. Indonesia exported US$193.43 million worth of these products to Mexico. Other major export destinations for footwear, gaiters and the like include the United States, Germany, France, Italy, and Afghanistan.
4. Iron and steel.
Indonesia exports a significant amount of iron and steel to Mexico. The export value of this product was recorded at US$124.51 million, an increase compared to the previous period's US$5,508 thousand. Trademap data shows that Indonesia is among the top four exporters of iron and steel to Mexico, with Mexico being the largest recipient. Other top five export destinations for Indonesian iron and steel include China, the United States, Germany, Afghanistan, and an unspecified African country.
5. Rubber.
Indonesia also exported US$120.19 million worth of rubber to Mexico. This export value is lower than the previous period, which reached US$134.25 million. Mexico is the primary export destination for Indonesian rubber. Other top five export destinations for Indonesian rubber include the United States, Germany, China, and France.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data