Indonesia was the top exporter of machinery to Bhutan in 2023.
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Indonesia recorded US$8.48 million in exports to Bhutan as of December 2023. This figure represents a drastic 87.42% decrease compared to the previous year's exports, which totaled US$67.47 million.
Indonesia's trade record with Bhutan shows an upward trend in exports over the past 10 years. The lowest export value was US$78,000, while the highest reached US$67.47 million.
Of the 97 products (two-digit HS codes) exported to Bhutan, 35 were worth more than one billion dollars. Furthermore, according to Trademap data, there are 10 main Indonesian products exported to Bhutan annually. In other words, these products are the mainstay of Indonesian exports to Bhutan. The remaining products are largely also exported to other countries.
The following is a list of the top five products exported by Indonesia to Bhutan, ordered from highest to lowest transaction value:
1. Electrical machinery, equipment and parts
Indonesia exported a significant amount of electrical machinery, equipment, and parts. In the Trademap classification, these fall under HS code 85. This product category is grouped together with sound recording and reproducing apparatus, television receivers. In 2023, Indonesia recorded exports of US$8.44 million. This is lower than the previous period, which reached US$67,415,000.
2. Edible fruits and nuts
Second, Indonesia's largest export was edible fruits and nuts. The export value to Bhutan in 2023 was recorded at US$14,000. In the previous year, Indonesia recorded no exports to this country.
3. Glass and glassware
Indonesia also exported a significant amount of glass and glassware to Bhutan. The export value of this product in 2023 was US$11,000. In the previous year, Indonesia recorded no exports to this country. Trademap data shows that Indonesia exports glass and glassware to four countries. Exports of glass and glassware to Bhutan are the largest. Other countries in the top five export destinations are the United States, China, Germany, France, and Italy.
4. Wood and wood products
Indonesia also exported a significant amount of wood and wood products to Bhutan. The export value of this product in 2023 was US$7,000. In the previous year, Indonesia recorded no exports to this country. Besides Bhutan, Indonesia also relies on exports of wood and wood products to the United States, China, Japan, Germany, and the United Kingdom. In addition to these main countries, Indonesia recorded exports of this product to four other countries.
5. Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus
Indonesia exported a significant amount of optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus to Bhutan. The export value of this product was recorded at US$5,000. In the previous year, Indonesia recorded no exports to this country. Indonesia recorded exports of this product to one country. Exports of optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus to Bhutan are the largest. Other countries in the top five export destinations are the United States, China, Germany, the Netherlands, and Japan.
"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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