Indonesia's machinery exports to Laos increase to US$ 21,692,000

Indonesia recorded US$26,622,000 in exports to Laos in December 2022. This figure represents a 251.35% increase compared to the previous year's exports of US$7.58 million.

Indonesia's trade record with Laos 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 Laos, 37 were worth more than one billion dollars. Most of the exported products (31) are also exported to other countries in significant quantities.

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

1. Electrical machinery, equipment, parts thereof; sound or television recording or reproducing apparatus. (HS Code 85)

This product group, which includes sound and television recording and reproducing apparatus, ranked first in exports to Laos, totaling US$21,692,000. This represents an increase compared to the previous period's US$1,436,000.

2. Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. (HS Code 84)

This product group, including parts thereof, generated exports of US$2,357,000.

3. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.

Indonesia exported this product to 167 countries. Exports to Laos ranked 116th, totaling US$775,000 in 2022. The largest exports of this product were to the Philippines, Vietnam, Thailand, Saudi Arabia, and Japan.

4. Man-made staple fibers (HS Code 55)

Exports of man-made staple fibers to Laos ranked 63rd, totaling US$767,000. The largest exports of this product were to Turkey, Bangladesh, India, Pakistan, and Japan. Indonesia exported this product to 101 countries.

5. Knitted or crocheted fabrics (HS Code 60)

Exports of knitted or crocheted fabrics to Laos ranked 32nd, totaling US$288,000. The largest exports of this product were to Vietnam, Sri Lanka, Jordan, Thailand, and Italy. Indonesia exported this product to 51 countries.