Indonesia's Animal Fat and Oil Exports to Senegal Surge to US$162.1 Million
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Indonesia recorded exports to Senegal totaling US$202.5 million as of December 2023. This figure represents a significant 67.33% decrease compared to the previous year's exports, which reached US$619.84 million.
Indonesia's trade record with Senegal shows an upward trend in exports over the past 10 years. The lowest export value was US$49.9 million, while the highest reached US$619.84 million.
Of the 97 products (two-digit HS codes) exported to Senegal, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 51 main Indonesian products exported annually to this country. In other words, these products are Indonesia's main export commodities to Senegal. The rest are mostly products also widely exported to other countries.
The following is a list of the top five main products exported by Indonesia to Senegal. This list is ordered from highest to lowest transaction value.
1. Animal, vegetable or microbial fats and oils and their fractions
Falling under HS code 15, Animal, vegetable or microbial fats and oils and their fractions are a group of export goods categorized together with Prepared edible fats. Exports of this product to Senegal ranked first, with Indonesia exporting US$162.1 million. The export value of Animal, vegetable or microbial fats and oils and their fractions; Prepared edible fats increased compared to the previous period, which recorded US$124.38 million.
2. Iron or steel
Second, Indonesia's largest export was iron or steel products. The export value to Senegal in 2023 was recorded at US$7.72 million. This figure is up from the previous period, which recorded US$106,000.
3. Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s.
Indonesia also recorded significant exports of Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s. to Senegal. The export value of this product in 2023 was US$7.49 million. This amount increased compared to the previous period, which recorded US$7,401,000. Exports of Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s. to Senegal are recorded as the largest. Other countries in the top five export destinations are Germany, the United States, China, France, and the United Kingdom.
4. Paper and paperboard
Falling under HS code 48, Paper and paperboard are a group of export goods categorized together with Paper pulp, paper or paperboard articles. Indonesia exported US$5.76 million of this product to Senegal. Indonesia is recorded as exporting this product to one country. Exports of Paper and paperboard to Senegal are recorded as the largest. Other countries in the top five export destinations are the United States, Germany, France, the United Kingdom, and Italy.
5. Nuclear reactors, boilers, machinery and mechanical appliances
Indonesia also exported a significant amount of Nuclear reactors, boilers, machinery and mechanical appliances to Senegal. The export value of this product amounted to US$4.51 million. This amount increased compared to the previous period, which recorded US$4,189,000. Besides Senegal, Indonesia also relies on exports of Nuclear reactors, boilers, machinery and mechanical appliances to the United States, China, Germany, the United Kingdom, and Mexico. In addition to these main countries, Indonesia is recorded as exporting this product to 4 other countries.
"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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