Indonesia's Trade Balance with the United Arab Emirates Shows a US$0.44 Billion Deficit

Indonesia's trade balance with the United Arab Emirates (UAE) recorded a deficit of US$0.44 billion in 2020. This trade deficit decreased by 38.28% compared to the previous year's deficit of US$-0.71 billion.

This improvement in the trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$1.24 billion. However, Indonesia's imports from the UAE in 2020 were higher than its exports, reaching US$1.68 billion.

Indonesia's exports to the UAE have shown a downward trend over the past year. The previous year's export value was US$1.47 billion.

Imports, according to Trademap data, decreased by 22.93% compared to the previous year's figure of US$2.18 billion.

Based on product type, 10 main export products from Indonesia to the UAE recorded a surplus in 2020. The total value of these main exports reached US$768.93 million.

List of 10 Main Indonesian Export Products to the UAE

1. (HS 15): Vegetable fats and oils and their cleavage products; edible fats; animal or vegetable fats and oils and their fractions, whether or not refined, but not chemically modified.


2. (HS 85): Electrical machinery and equipment and parts thereof; sound or television broadcasting apparatus.


3. (HS 48): Pulp of wood or of other fibrous cellulosic material; recovered (waste and scrap) paper or paperboard; paper and paperboard; articles of paper pulp, of paper or of paperboard.


4. (HS 73): Articles of iron or steel.


5. (HS 87): Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.


6. (HS 71): Natural or cultured pearls, precious or semi-precious stones, precious metals, clad metals, and articles thereof; imitation jewelry; coin.


7. (HS 54): Man-made filaments; strip and the like of man-made textile materials.


8. (HS 64): Footwear, gaiters and the like; parts of such articles.


9. (HS 62): Articles of apparel and clothing accessories, knitted or crocheted.


10. (HS 40): Rubber and articles thereof.

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.