Indonesia Prepares to Export US$2.99 Million Worth of Cereals in 2023
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Indonesia recorded exports to Tiba totaling US$7.63 million as of December 2023. This figure represents a 91.37% increase compared to the previous year's exports, which were recorded at US$3.99 million.
Indonesia's trade record with Tiba 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 Tiba, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 32 main Indonesian products exported to this country annually. In other words, these products are Indonesia's main export staples to Tiba. The majority of other products are also exported to many other countries.
The following is a list of the top five products exported by Indonesia to Tiba. This list is ordered from highest to lowest transaction value.
1. Preparations of cereals, flour, starch or milk
Falling under HS code 19, Preparations of cereals, flour, starch or milk are a group of export goods categorized together with pastrycooks' products. Exports of this product to Tiba rank first. Indonesia exported US$2.99 million worth of these products to Tiba. Exports of Preparations of cereals, flour, starch or milk; pastrycooks' products increased compared to the previous period, which recorded US$1,617,000.
2. Iron and steel
Second, Indonesia's largest export is iron and steel products. Exports to Tiba in 2023 totaled US$0.99 million. This figure is up from the previous period, which recorded US$127,000.
3. Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s.
Another exported product is Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s., totaling US$0.67 million. Exports of this product increased compared to the previous period, which recorded US$594,000. Currently, the largest export of Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s. is to Tiba. Besides this country, the five largest export destinations for Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s. from Indonesia are Germany, the United States, China, France, and the United Kingdom.
4. Animal, vegetable or microbial fats and oils and their fractions
Another exported product is Animal, vegetable or microbial fats and oils and their fractions, totaling US$0.66 million. Exports of this product increased compared to the previous period, which recorded US$533,000. Indonesia exports this product to a single country. Exports of Animal, vegetable or microbial fats and oils and their fractions to Tiba are recorded as the largest. Other countries in the top five export destinations are Ship chandlers and bunkers, Sierra Leone, Singapore, Sint Maarten (Netherlands Antilles), and Slovakia.
5. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
Furthermore, Indonesia exports a significant amount of Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof to Tiba. Exports of this product totaled US$0.35 million. This figure is up from the previous period, which recorded US$167,000. Besides Tiba, Indonesia also relies on exports of Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof to the United States, Germany, Canada, the United Kingdom, and France. In addition to these main countries, Indonesia is recorded as exporting this product to four 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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