Indonesia's Trade Balance with Morocco Shows a US$17.59 Million Surplus

Indonesia's trade balance with Morocco showed a surplus of US$17.59 million in 2020. This trade balance value increased by 942.74% compared to the previous year's balance, which was recorded at US$ -2,087 thousand.

This positive trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$75.2 million. This value is higher than Indonesia's imports from Morocco, which were recorded at US$57.61 million.

Indonesia's exports to Morocco have been on a downward trend over the past year. The previous year's export value was US$84.06 million.

Meanwhile, imports, according to Trademap data, decreased by 33.12% compared to the previous year, which was recorded at US$86.14 million.

Based on product type, there were 10 main export products from Indonesia to Morocco that recorded a surplus during 2020. The total export value of these main products reached US$62.17 million.

List of 10 Main Indonesian Export Products to Morocco

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


2. (HS 15): Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes


3. (HS 55): Man-made staple fibers


4. (HS 87): Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof


5. (HS 64): Footwear, gaiters and the like; parts of such articles


6. (HS 40): Rubber and articles thereof


7. (HS 84): Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof


8. (HS 56): Wadding, felt and nonwovens; special yarn; twine, cordage, ropes and cables and articles thereof


9. (HS 44): Wood and articles of wood; wood charcoal


10. (HS 21): Miscellaneous edible preparations

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