Indonesia's Non-Railway Rolling Stock Vehicle Exports to Libya Increase to US$45.29 Million
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Indonesia recorded exports to Libya worth US$116.44 million as of December 2023. This figure represents a 120.12% increase compared to the previous year's exports, which were recorded at US$52.9 million.
Indonesia's trade record with Libya shows an upward trend in exports over the past 10 years. 2023 marks a historic high with the highest export value ever recorded.
Of the 97 products (two-digit HS codes) exported to Libya, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 44 main Indonesian products exported to Libya annually. In other words, these products are Indonesia's main export commodities to Libya. The majority of other products are also exported to other countries.
The following is a list of the top five Indonesian products exported to Libya. This list is ordered from highest to lowest transaction value.
- Vehicles other than railway or tramway rolling-stock, and parts and accessories
- Iron or steel
- Paper and Paperboard
- Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates
- Nuclear reactors, boilers, machinery and mechanical appliances
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 exported US$45.29 million worth of these products. This represents an increase compared to the previous period, which recorded US$30,041 thousand.
Iron or steel, with HS code 73. Indonesia exported US$24.53 million worth.
Another exported product is Paper and Paperboard, valued at US$9.9 million. Exports of this product increased compared to the previous period, which recorded US$4,165 thousand. Trademap data shows Indonesia's trade activity exporting Paper and Paperboard to 4 countries. Exports of Paper and Paperboard to Libya are the largest. Other countries in the top five export destinations are the United States, Germany, France, the United Kingdom, and Italy.
For Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates, under the Trademap classification, this falls under HS code 16. Indonesia exported US$6.06 million, an increase compared to the previous period, which recorded US$2,369 thousand. Exports of Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates to Libya are the largest. The other five countries that are sources of exports of Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates are the United States, Japan, the United Kingdom, Germany, and France.
Another exported product is Nuclear reactors, boilers, machinery and mechanical appliances, amounting to US$5.5 million. This represents an increase compared to the previous period, which recorded US$1,390 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 Libya are the largest. Other countries in the top five export destinations are the United States, China, Germany, the United Kingdom, and Mexico.
"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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