Indonesia's Exports and Imports to Malaysia Decreased in 2020

Indonesia's trade balance with Malaysia showed a surplus of US$1.2 billion in 2020. This trade balance value increased by 16.66% compared to the previous year's balance, which was recorded at US$1.03 billion.

This positive trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$8.13 billion. This value is higher than Indonesia's imports from Malaysia, which were recorded at US$6.93 billion.

Indonesia's exports to Malaysia have been on a downward trend over the past year. The previous year's export value was US$8.8 billion.

Meanwhile, imports, according to Trademap data, decreased by 10.83% compared to the previous year, which was recorded at US$7.78 billion.

Based on product type, there are 10 main export products from Indonesia to Malaysia that have proven to record a surplus during 2020. The total export value of these main products reached US$310.56 million.

List of 10 Main Indonesian Export Products to Malaysia

1. (HS 02): Edible meat offal and meat


2. (HS 03): Fish and crustaceans, molluscs and other aquatic invertebrates


3. (HS 05): Products of animal origin, not elsewhere specified or included


4. (HS 06): Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage


5. (HS 07): Edible vegetables and certain roots and tubers


6. (HS 08): Edible fruits and nuts; peel of citrus fruit or melons


7. (HS 09): Coffee, tea, maté and spices


8. (HS 10): Cereals


9. (HS 11): Products of the milling industry; malt; starches; inulin; wheat gluten


10. (HS 12): Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal...

Globally, the trade balance for all goods was better this time due to an increase in several types of goods. The total value of Indonesia's trade balance was recorded at US$21.68 billion, or up 703.56%. In other words, Indonesia recorded a trade balance surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.