Indonesia is the Largest Exporter of Vehicles, Excluding Railway Stock or Trams, to Mongolia

Indonesia recorded exports to Mongolia totaling US$23.2 million as of December 2020. This figure represents an 88.87% increase compared to the previous year's exports, which totaled US$12.29 million.

Indonesia's trade record with Mongolia shows an upward trend in exports over the past 10 years. 2020 marked a historical record with the highest export value ever recorded.

Of the 97 products (two-digit HS codes) exported to Mongolia, 0.03 thousand products were worth more than one billion dollars. Most of the exported products to Mongolia are also exported to other countries, totaling 0.03 thousand products.

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

1. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.

Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof, categorized under HS code 87, were Indonesia's top export to Mongolia. Indonesia exported US$12,275 thousand. Exports of these vehicles increased compared to the previous period, which recorded US$4,044 thousand.

2. Pharmaceutical products.

Indonesia's second-largest export to Mongolia was pharmaceutical products. The export value in 2020 was recorded at US$3,960 thousand, an increase compared to the previous period's US$3,258 thousand.

3. Machinery, mechanical appliances, nuclear reactors, boilers.

Next, under HS code 84, machinery, mechanical appliances, nuclear reactors, boilers, and parts thereof, were categorized together as an export product group. Indonesia exported US$2,099 thousand, an increase compared to the previous period's US$153 thousand. Trademap data shows Indonesia's export activity of machinery, mechanical appliances, nuclear reactors, boilers to 151 countries. Exports of this category to Mongolia ranked 70th. The five other leading export destinations for this product group are Singapore, the United States, Japan, Thailand, and Germany.

4. Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s.

Exports of soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s., to Mongolia ranked 78th. In 2020, Indonesia recorded exports totaling US$1,658 thousand. Besides Mongolia, the largest exports of this product group were destined for Malaysia, the Philippines, India, China, and Thailand.

5. Electrical machinery and equipment and parts thereof.

Indonesia also recorded significant exports of electrical machinery and equipment and parts thereof to Mongolia. The export value of this product in 2020 was US$830 thousand, an increase compared to the previous period's US$591 thousand. Trademap data shows Indonesia's export activity of electrical machinery and equipment and parts thereof to 158 countries. Exports of this category to Mongolia ranked 95th. Other top five export destinations include the United States, Singapore, Japan, Hong Kong, China, and Thailand.