Indonesia is the Largest Exporter of Animal Fats and Oils to Bangladesh

Indonesia recorded US$3.89 billion in exports to Bangladesh as of December 2022. This figure represents a 32.99% increase compared to the previous year's exports, which totaled US$2.93 billion.

Indonesia's trade record with Bangladesh 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 Bangladesh, 44 products were valued at over one billion dollars. Furthermore, according to Trademap data, two main Indonesian products are exported to this country annually. This indicates a significant dependence on these export products. The remaining products, totaling 69, are also exported to many other countries.

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

1. Animal or vegetable fats and oils and their cleavage products

Indonesia exported a significant amount of Animal or vegetable fats and oils and their cleavage products. In the Trademap classification, this falls under HS code 15. This export commodity is grouped together with Prepared edible fats and...

In 2022, Indonesia recorded exports valued at US$1.49 billion. Exports of Animal or vegetable fats and oils and their cleavage products; Prepared edible fats and... increased compared to the previous period, which recorded US$1.38 billion.

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

Falling under HS code 27, Mineral fuels, mineral oils and products of their distillation are a group of export commodities categorized together with bituminous substances and mineral waxes. Indonesia exported US$1.32 billion.

3. Man-made staple fibers

Indonesia exported this product to 106 countries. Exports of Man-made staple fibers to Bangladesh ranked second. In 2022, Indonesia recorded exports valued at US$217,497 thousand. Besides Bangladesh, the largest exports of Man-made staple fibers were to Türkiye, India, Pakistan, and Japan.

4. Salt

Salt exports to Bangladesh are currently the largest. Indonesia exported US$189,486 thousand to this country. Other countries with the largest salt export values are Singapore, Taipei, China, and the Philippines.

5. Cotton

Cotton exports to Bangladesh are currently the largest. Indonesia exported US$118,301 thousand to this country. Other countries with the largest cotton export values are China, Japan, Honduras, and the United States.