Indonesia's Animal Fat and Oil Exports to Yemen Surge to US$101.33 Million
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Indonesia recorded exports to Yemen worth US$173.03 million as of December 2023. This figure represents a 43.14% increase compared to the previous year's exports, which were recorded at US$120.89 million.
Indonesia's trade record with Yemen 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 Yemen, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 40 main Indonesian products exported to this country annually. In other words, these products are Indonesia's mainstay exports to Yemen. The rest are mostly products also widely exported to other countries.
The following is a list of the top five main products exported by Indonesia to Yemen. This list is arranged in descending order of value.
- Animal, vegetable or microbial fats and oils and their fractions
- Paper and Paperboard
- Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial
- Man-made staple fibers
- Machinery and electrical equipment and parts
Falling under HS code 15, Animal, vegetable or microbial fats and oils and their fractions are a group of export goods categorized together with Prepared edible fats. Exports of this product to Yemen ranked first. Indonesia exported US$101.33 million worth of these products to Yemen. Exports of Animal, vegetable or microbial fats and oils and their fractions; Prepared edible fats; increased compared to the previous period, which was recorded at US$54,265,000.
Second, Indonesia's largest export was Paper and Paperboard. Exports to Yemen in 2023 were recorded at US$14.51 million. This figure is up from the previous period, which was recorded at US$11,764,000.
Exports of Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial to Yemen are currently the largest. Indonesia exported US$10.76 million worth of these products to Yemen. Other major export destinations for Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial with the highest value are Germany, the United States, China, France, and the United Kingdom.
Indonesia also exports a large quantity of Man-made staple fibers to Yemen. Exports of this product amounted to US$8.34 million. This figure is up from the previous period, which was recorded at US$7,289,000. Trademap data shows that Indonesia is the 4th largest exporter of Man-made staple fibers. Exports of Man-made staple fibers to this country are the largest. The other five countries that are major sources of Man-made staple fiber exports are Vietnam, Afghanistan, Africa not specified elsewhere, Albania, and Algeria.
Indonesia exports this product to one main country. Exports of Machinery and electrical equipment and parts to this country are the largest. In 2023, Indonesia recorded exports worth US$6.27 million. Other countries in the top five export destinations are China, the United States, Hong Kong, China, Germany, and Singapore.
"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."