Indonesia's Exports and Imports Declined in 2020

Indonesia's trade balance with [Country Name] experienced a surplus of US$131.33 million in 2020. However, this surplus decreased by 1.81% compared to the previous year's balance of US$133.75 million.

The decline in Indonesia's trade balance with this country was due to Indonesian exports to [Country Name] reaching only US$131.9 million, while imports amounted to US$0.57 million.

The three main products imported from this country were live animals (HS 01), meat offal and edible meat (HS 02), and fish and crustaceans, mollusks, and other aquatic invertebrates (HS 03).

Indonesia's exports to [Country Name] have shown a downward trend over the past year. The previous year's export value was US$139.16 million.

Based on product type, there were 10 main export products from Indonesia to [Country Name] that recorded a surplus during 2020. The total value of these main exports reached US$89.63 million.

List of 10 Main Indonesian Export Products to [Country Name]

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


2. (HS 15): Fats and oils of vegetable origin or of animal origin; edible fats; animal or vegetable fats and oils and their cleavage products;


3. (HS 16): Preparations of meat, fish or crustaceans, mollusks or other aquatic invertebrates


4. (HS 17): Sugars and sugar confectionery


5. (HS 19): Preparations of cereals, flour, starch or milk; pastrycooks' products


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


7. (HS 21): Miscellaneous edible preparations


8. (HS 22): Beverages, spirits and vinegar


9. (HS 29): Organic chemicals


10. (HS 30): Pharmaceutical products

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