Indonesia's Nuclear Reactor Exports to Tuvalu Increase to US$0.22 Million
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Indonesia recorded exports to Tuvalu totaling US$0.5 million as of December 2023. This figure represents a 700% increase compared to the previous year's exports, which were recorded at US$62,000.
Indonesia's trade record with Tuvalu shows an upward trend in exports over the past 10 years. The lowest export value was US$41,000, while the highest reached US$1.73 million.
Of the 97 products (two-digit HS codes) exported to Tuvalu, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 13 main Indonesian products exported to Tuvalu annually. In other words, these products are the mainstay of Indonesian exports to Tuvalu. Most other products are also exported to many other countries.
The following is a list of the top five products exported by Indonesia to Tuvalu, ordered from highest to lowest transaction value:
1. Nuclear reactors, boilers, machinery and mechanical appliances (HS Code 84): This product group is categorized together with parts. Exports of this product to Tuvalu ranked first, with Indonesia exporting US$0.22 million. No exports were recorded to this country the previous year.
2. Electrical machinery and equipment and parts (HS Code 85): This product group is categorized together with sound recorders and reproducers, and televisions. Indonesia exported US$0.13 million to Tuvalu.
3. Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s. (HS Code 34): Indonesia exported US$54,000 worth of this product, up from US$35,000 in the previous period. Besides Tuvalu, Indonesia also relies on exports of this product to Germany, the United States, China, France, and the United Kingdom. In addition to these major countries, Indonesia also exported this product to four other countries.
4. Animal, vegetable or microbial fats and oils and their fractions: Exports of this product totaled US$38,000. No exports were recorded to this country the previous year. Currently, the largest export of animal, vegetable, or microbial fats and oils and their fractions is to Tuvalu. Besides Tuvalu, the five largest export destinations for this product are ship chandlers and bunkers, Sierra Leone, Singapore, Sint Maarten (Netherlands Antilles), and Slovakia.
5. Iron and steel: Indonesia exported this product to one country, with Tuvalu being the largest recipient. In 2023, Indonesia recorded exports worth US$13,000. The five other countries that received Indonesian iron and steel exports are China, the United States, Germany, Afghanistan, and unspecified locations in Africa.
"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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