Indonesia recorded exports to Liberia of US$52,553 thousand as of December 2022. This figure represents a 42.27% increase compared to the previous year's exports, which were recorded at US$36,938 thousand.
Indonesia's trade record with Liberia shows an upward trend in exports over the past 10 years. 2022 marked a historical record with the highest export value ever recorded.
Of the total 97 products (two-digit HS codes) exported to Liberia, 37 products were worth more than one billion dollars. Most of the exported products (22 products) are also exported to many other countries.
The following is a list of the top five products exported by Indonesia to Liberia, ordered from highest to lowest transaction value:
1. Animal, vegetable or microbial fats and oils and their cleavage products
Falling under HS code 15, Animal, vegetable or microbial fats and oils and their cleavage products are grouped with Prepared edible fats. This product group ranked first in exports to Liberia, with Indonesia exporting US$26,921 thousand. The export value of Animal, vegetable or microbial fats and oils and their cleavage products; Prepared edible fats; was lower than the previous period, which reached US$29,428 thousand.
2. Mineral fuels, mineral oils and products of their distillation
Second, Indonesia's largest export was Mineral fuels, mineral oils and products of their distillation. The export value to Liberia in 2022 was recorded at US$7,713 thousand. In the previous year, Indonesia recorded no exports to this country.
3. Fertilizers
Next, Indonesia exported a significant amount of Fertilizers to Liberia. The export value of this product was recorded at US$5,503 thousand. In the previous year, Indonesia recorded no exports to this country. Fertilizer exports to Liberia ranked 23rd. Besides Liberia, the largest fertilizer exports were to India, the Philippines, Chile, Argentina, and Malaysia. Indonesia also exported this product to 51 countries.
4. Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s.
Another exported product was Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s., valued at US$4,551 thousand. The export value of this product increased compared to the previous period, which was recorded at US$2,925 thousand. Besides Liberia, Indonesia also relies on exports of Soap, organic surface-active agents, washing preparations, lubricating preparations, n.e.s. to China, India, Malaysia, the Philippines, and Thailand. In addition to these main countries, Indonesia exported this product to 157 other countries.
5. Nuclear reactors, boilers, machinery and mechanical appliances
Another exported product was Nuclear reactors, boilers, machinery and mechanical appliances, valued at US$2,465 thousand. The export value of this product increased compared to the previous period, which was recorded at US$1,124 thousand. Indonesia exported this product to 158 countries. Exports of Nuclear reactors, boilers, machinery and mechanical appliances to Liberia ranked 71st. Other top five export destinations were Singapore, the United States, Japan, Thailand, and Malaysia.