Indonesia recorded US$18.67 billion in exports to the United States as of December 2020. This figure represents a 4.44% increase compared to the previous year's exports, which totaled US$17.87 billion.
Indonesia's trade record with the United States 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 the United States, 80 products were worth more than one billion dollars. Furthermore, according to Trademap data, 30 key Indonesian products are exported to the US annually. This indicates a significant dependence on these export products. The remaining 700 products are also exported to other countries.
Below is a list of the top five products exported by Indonesia to the United States, ordered from highest to lowest transaction value.
1. Articles of apparel and clothing accessories, knitted or crocheted: Under the Trademap HS code 61, this product category ranks first in exports to the United States. Indonesia exported US$1.89 billion worth of these goods. This is lower than the previous period's US$2.18 billion.
2. Electrical machinery, equipment, and parts: This ranks second in Indonesian exports. Exports to the United States in 2020 totaled US$1.81 billion, an increase from the previous period's US$1.11 billion.
3. Articles of apparel and clothing accessories, not knitted or crocheted: Indonesia also exported a significant amount of these articles to the United States, totaling US$1.72 billion in 2020. This is lower than the previous period's US$2.23 billion. Besides the United States, Indonesia also relies on exports of these articles to Japan, Germany, South Korea, and China. In addition to these major countries, Indonesia exported this product to 146 other countries.
4. Rubber and articles thereof: Under HS code 40, Indonesia exported US$1.49 billion worth of rubber and articles thereof, lower than the previous period's US$1.58 billion. The largest export market for rubber and articles thereof remains the United States. Other major export destinations include Japan, China, India, and South Korea.
5. Footwear, gaiters and the like: Under HS code 64, this product group includes footwear, gaiters, and similar articles. Indonesia exported US$1.38 billion worth of these products to the United States. The largest export market for footwear, gaiters, and the like remains the United States. Other major export destinations include China, Belgium, Germany, and Japan.