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Indonesia recorded exports to Costa Rica worth US$124.56 million as of December 2023. This figure represents a 50.49% increase compared to the previous year's exports, which totaled US$82.77 million.
Indonesia's trade record with Costa Rica shows an upward trend in exports over the past 10 years. 2023 marks a historical record with the highest export value ever recorded.
Of the 97 products (two-digit HS codes) exported to Costa Rica, 37 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 50 main Indonesian products exported to this country annually. In other words, these products are Indonesia's mainstay exports to Costa Rica. 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 Costa Rica. This list is ordered from highest to lowest transaction value.
- Vehicles other than railway or tramway rolling-stock, and parts and accessories
- Iron and steel
- Nuclear reactors, boilers, machinery and mechanical appliances
- Fish and crustaceans, molluscs and other aquatic invertebrates
- Paper and Paperboard
Indonesia exported a significant amount of Vehicles other than railway or tramway rolling-stock, and parts and accessories. In the Trademap classification, these fall under HS code 87. In 2023, Indonesia recorded exports of US$57.76 million. This export value increased compared to the previous period, which recorded US$26,184 thousand.
Iron and steel fall under the HS code 72. Indonesia exported US$28.43 million worth of these products to Costa Rica.
Thirdly, Indonesia exported a significant amount of Nuclear reactors, boilers, machinery and mechanical appliances to Costa Rica. The export value of this product was recorded at US$10.52 million. This figure increased compared to the previous period, which recorded US$8,909 thousand. Trademap data shows Indonesia's trade activity exporting Nuclear reactors, boilers, machinery and mechanical appliances to 4 countries. Exports of Nuclear reactors, boilers, machinery and mechanical appliances to this country are the largest. Other countries in the top five export destinations are the United States, China, Germany, the United Kingdom, and Mexico.
Exports of Fish and crustaceans, molluscs and other aquatic invertebrates to Costa Rica are currently the largest. For this destination, Indonesia exported US$7.74 million. Other major export destinations for Fish and crustaceans, molluscs and other aquatic invertebrates include the United States, China, Japan, Spain, and Italy.
Another exported product is Paper and Paperboard, valued at US$6.06 million. The export value of this product increased compared to the previous period, which recorded US$5,681 thousand. Indonesia is recorded as exporting this product to one country. Exports of Paper and Paperboard to Costa Rica are recorded as the largest. The other five countries that are sources of Paper and Paperboard exports are the United States, Germany, France, the United Kingdom, and Italy.
"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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