- A Small Font
- A Medium Font
- A Bigger Font
Indonesia recorded US$2.1 billion in exports to Italy as of December 2023. This figure represents a drastic 32.95% decrease compared to the previous year's exports, which totaled US$3.13 billion.
Indonesia's trade record with Italy shows an upward trend in exports over the past 10 years. The lowest export value was US$1.57 billion, while the highest reached US$3.13 billion.
Of the 97 products (two-digit HS codes) exported to Italy, 69 were worth more than one billion dollars. Furthermore, according to Trademap data, 82 main Indonesian products are exported to Italy annually. In other words, these products are the mainstay of Indonesian exports to Italy. The remaining products are largely exported to other countries as well.
The following is a list of the top five Indonesian products exported to Italy, ordered from highest to lowest transaction value.
- Animal, vegetable, or microbial fats and oils and their cleavage products
- Mineral fuels, mineral oils and products of their distillation
- Other chemical products
- Iron and steel
- Food industry residues and waste
Falling under HS code 15, Animal, vegetable, or microbial fats and oils and their cleavage products are a group of export goods categorized together with edible processed fats. Exports of this product to Italy ranked first, with Indonesia exporting US$480.83 million. This is lower than the previous period's US$729.31 million.
Second, Indonesia's largest export was Mineral fuels, mineral oils and products of their distillation. Exports to Italy in 2023 totaled US$275.94 million, lower than the previous period's US$418.14 million.
Indonesia also exported US$236.11 million worth of Other chemical products to Italy. This is lower than the previous period's US$279.78 million. Italy remains the largest export destination for Other chemical products. The other top five export destinations for these products are the United States, China, Germany, the Netherlands, and France.
Iron and steel (HS code 72). Indonesia exported US$171.96 million. Italy is the largest export destination for Iron and steel. The other top five export destinations are China, the United States, Germany, Afghanistan, and an unspecified African country.
Indonesia also exported a significant amount of Food industry residues and waste to Italy. Exports in 2023 totaled US$126.35 million, lower than the previous period's US$174.67 million. Italy remains the largest export destination for Food industry residues and waste. The other top five export destinations are China, Germany, the United States, Vietnam, and Indonesia.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data