Indonesia's animal fat and oil exports to Honduras fall to US$23.68 million
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Indonesia recorded exports to Honduras worth US$65.45 million as of December 2023. This value represents a drastic 57.23% decrease compared to the previous year's exports, which were recorded at US$153.05 million.
Indonesia's trade record with Honduras shows an upward trend in exports over the past 10 years. The lowest export value was US$7.35 million, while the highest reached US$154.2 million.
Of the 97 products (two-digit HS codes) exported to Honduras, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 33 main Indonesian products exported to this country annually. In other words, these products are Indonesia's mainstay exports to Honduras. Most other products are also exported to many other countries.
The following is a list of the top five main products exported by Indonesia to Honduras. This list is ordered from the highest to lowest transaction value.
- Animal, vegetable or microbial fats and oils and their fractions
- Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
- Paper and paperboard
- Cotton
- Aluminum
In first place, Indonesia exports a large quantity of Animal, vegetable or microbial fats and oils and their fractions. In the Trademap classification, Animal, vegetable or microbial fats and oils and their fractions fall under the HS code 15. This product category is grouped together with Prepared edible fats. In 2023, Indonesia recorded exports of US$23.68 million. This export value of Animal, vegetable or microbial fats and oils and their fractions; Prepared edible fats; is lower than the previous period, which reached US$25.33 million.
Second, Indonesia's largest export is Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof. The export value to Honduras in 2023 was recorded at US$18.52 million. This figure is higher than the previous period, which was recorded at US$10.659 million.
Falling under HS code 48, Paper and paperboard is a group of export products categorized together with Articles of pulp, paper or paperboard. Indonesia exported US$7.39 million, an increase compared to the previous period's US$6.485 million. Exports of Paper and paperboard to Honduras are recorded as the largest. Other countries in the top five export destinations are the United States, Germany, France, the United Kingdom, and Italy.
Indonesia exports this product to one country. Exports of Cotton to this country are the largest. In 2023, Indonesia recorded exports worth US$2.69 million. Five other countries that are sources of cotton exports are China, Vietnam, Türkiye, Indonesia, and Italy.
Indonesia also exports a significant amount of Aluminum to Honduras. The export value of this product was US$2.47 million. This amount is higher than the previous period, which was recorded at US$721 thousand. Currently, the largest Aluminum exports are still destined for Honduras. Besides this country, the five largest countries that are sources of Indonesian Aluminum exports are the United States, Germany, China, Mexico, 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."
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