Indonesia's Exports to Georgia Increased, but Imports Decreased in 2020

Indonesia's trade balance with Georgia showed a surplus of US$40.9 million in 2020. This trade balance value increased by 11.63% compared to the previous year's balance, which was recorded at US$36.64 million.

This positive trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$45.37 million. This value is higher than Indonesia's imports from Georgia, which were recorded at US$4.47 million.

Indonesia's exports to Georgia have been on an upward trend over the past year. The previous year's export value was US$42.21 million.

Imports, according to Trademap data, decreased by 19.76% compared to the previous year, which was recorded at US$5.57 million.

Based on product type, there were 10 main export products from Indonesia to Georgia that recorded a surplus during 2020. The total export value of these main products reached US$37.55 million.

List of 10 Main Indonesian Export Products to Georgia

1. (HS 03): Fish and crustaceans, molluscs and other aquatic invertebrates


2. (HS 08): Edible fruits and nuts; peel of citrus fruit or melons


3. (HS 09): Coffee, tea, maté, and spices


4. (HS 15): Vegetable fats and oils and their cleavage products; edible fats; animal...


5. (HS 18): Cocoa and cocoa preparations


6. (HS 20): Preparations of vegetables, fruit, nuts or other parts of plants


7. (HS 21): Miscellaneous edible preparations


8. (HS 23): Residues and waste from the food industry; prepared animal feeding stuffs


9. (HS 29): Organic chemicals


10. (HS 34): Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial...

Globally, the trade balance for all goods was better this time due to an increase in several types of goods. Indonesia's total trade balance was recorded at US$21.68 billion, an increase of 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.