Indonesia's Mineral Fuel Exports to Croatia Rise to US$84.15 Million
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Indonesia recorded exports to Croatia worth US$178.19 million as of December 2023. This figure represents a 51.14% increase compared to the previous year's exports, which totaled US$117.9 million.
Indonesia's trade record with Croatia 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 Croatia, 36 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 47 main Indonesian products exported to Croatia annually. In other words, these products are Indonesia's main export staples to Croatia. The remaining products are largely those also exported to other countries.
The following is a list of the top five products exported by Indonesia to Croatia, ordered from highest to lowest transaction value:
1. Mineral fuels, mineral oils and products of their distillation
Under HS code 27, mineral fuels, mineral oils and products of their distillation are a group of export goods categorized together with bituminous substances and mineral waxes. Exports of this product to Croatia ranked first, with Indonesia exporting US$84.15 million. Exports of mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes increased compared to the previous period, which recorded US$46,131 thousand.
2. Animal or vegetable fats and oils and their cleavage products
Second, Indonesia's largest export was animal or vegetable fats and oils and their cleavage products. Exports to Croatia in 2023 totaled US$40.56 million. This figure is up from the previous period's US$21,441 thousand.
3. Rubber
Rubber, under HS code 40. Indonesia exported US$12.7 million of rubber to Croatia. Besides Croatia, Indonesia also relies on rubber exports to the United States, Germany, China, Mexico, and France. In addition to these main countries, Indonesia is recorded as exporting this product to four other countries.
4. Residues and waste from the food industry
Indonesia is recorded as exporting this product to one country. Exports of residues and waste from the food industry to this country are the largest. In 2023, Indonesia recorded exports worth US$10.17 million. Five other countries that are sources of exports of residues and waste from the food industry are China, Germany, the United States, Vietnam, and Indonesia.
5. Paper and paperboard
Indonesia exported this product to one country. Exports of paper and paperboard to this country are the largest. In 2023, Indonesia recorded exports of US$9.86 million. Five other countries that are sources of exports of paper and paperboard are the United States, Germany, France, the United Kingdom, and Italy.
"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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