Indonesia's Top Exports to Taipei

Indonesia recorded US$8.7 billion in exports to Taipei as of December 2022. This figure represents a 25.05% increase compared to the previous year's exports, which totaled US$6.96 billion.

Indonesia's trade record with Taipei shows an upward trend in exports over the past 10 years. 2022 marked a historic high with the highest export value ever recorded.

Of the 97 products (two-digit HS codes) exported to Taipei, 53 products were valued at over one billion dollars. Most of the products exported to Taipei are also exported to other countries, totaling 89 products.

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

1. Mineral fuels, mineral oils and products of their distillation

Indonesia's top export is mineral fuels, mineral oils and products of their distillation. In the tradmap classification, these fall under HS code 27. This product category is grouped with bituminous substances and mineral waxes. In 2022, Indonesia exported US$3.76 billion worth of these products, an increase from US$1.78 billion in the previous period.

2. Iron and steel

Indonesia's second largest export to Taipei is iron and steel, with exports totaling US$2.19 billion in 2022. This is lower than the previous period's US$2.68 billion.

3. Ores, slag and ash

Indonesia also exports significant quantities of ores, slag and ash to Taipei, with exports valued at US$572,535,000. This represents an increase from US$382,844,000 in the previous period. While ranked sixth in exports to Taipei, Indonesia's largest exports of ores, slag and ash are to China, Japan, Korea, India, and Malaysia. Indonesia exports this product to 28 countries in total.

4. Paper and paperboard

Falling under HS code 48, paper and paperboard are categorized with pulp, paper or paperboard articles. Indonesia exported US$180,517,000 worth of these products to 160 countries. Exports to Taipei ranked ninth overall. Other top five export destinations include China, Japan, the United States, Malaysia, and Vietnam.

5. Inorganic chemicals

Ranked fifth, inorganic chemicals (HS code 28) are categorized with organic or inorganic compounds of precious metals, of rare-earth metals. Indonesia exported US$177,308,000 worth of these products to 75 countries. Exports to Taipei ranked sixth. Other top five export destinations include India, Korea, China, Japan, and Malaysia.