Indonesia's Fat Exports to Spain Surge to US$764.41 Million

Indonesia recorded exports to Spain of US$1.52 billion as of December 2020. This figure represents a 5.23% decrease compared to the previous year's exports, which were recorded at US$1.6 billion.

Indonesia's trade record with Spain shows a drastic reduction in exports over the past 10 years. The lowest export value to Spain was US$1.48 billion, while the highest reached US$2.43 billion.

Of the 97 products (two-digit HS codes) exported to Spain, 60 products were worth more than one billion dollars. Most of the products exported to Spain are also exported to other countries, totaling 80 products.

The following is a list of the top five products exported by Indonesia to Spain, ordered from highest to lowest transaction value:

1. Vegetable fats and oils and their cleavage products

Falling under HS code 15, Vegetable fats and oils and their cleavage products are categorized together with Edible fats and animal... Exports of this product to Spain ranked first. Indonesia exported US$764.41 million worth of this product to Spain. The export value of Vegetable fats and oils and their cleavage products; Edible fats; animal... increased compared to the previous period, which was recorded at US$578.06 million.

2. Other Chemical Products

Indonesia's second-largest export to Spain was Other Chemical Products. The export value in 2020 was recorded at US$97.57 million. This figure is lower than the previous period, which reached US$330.97 million.

3. Ores, slag and ash

Indonesia also exported a significant amount of Ores, slag and ash to Spain. The export value of this product in 2020 was US$79.47 million. This amount increased compared to the previous period, which was recorded at US$67.05 million. Indonesia exported this product to 25 countries. Exports of Ores, slag and ash to Spain ranked seventh. Other top five export destinations include China, Japan, Korea, Republic of, India, and Germany.

4. Rubber and articles thereof

Indonesia exported this product to 148 countries. Exports of Rubber and articles thereof to Spain ranked 18th. In 2020, Indonesia recorded exports worth US$68.07 million. Besides Spain, the largest exports of Rubber and articles thereof were to the United States, Japan, China, India, and Korea, Republic of.

5. Organic chemicals

Indonesia exported this product to 117 countries. Exports of Organic chemicals to Spain ranked 12th. In 2020, Indonesia recorded exports worth US$66.83 million. Besides Spain, the largest exports of Organic chemicals were to China, Japan, the United States, the Netherlands, and India.