Indonesia recorded exports to Bermuda totaling US$1.66 million as of December 2022. This figure represents a 4.73% increase compared to the previous year's exports, which were recorded at US$1.58 million.
Indonesia's trade record with Bermuda shows an upward trend in exports over the past 10 years. The lowest export value was US$917,000, while the highest reached US$1.75 million.
Of the 97 products (two-digit HS codes) exported to Bermuda, 37 products were worth more than one million dollars. Most of the exported products are also exported to other countries; six products fall into this category.
The following is a list of the top five products exported by Indonesia to Bermuda, ordered from highest to lowest transaction value:
1. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.
Indonesia exported a significant amount of Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof. In the tradmap classification, this falls under HS code 87. In 2022, Indonesia exported US$1,641,000 worth of these products. This represents an increase compared to the previous period, which recorded US$1,573,000.
2. Articles of apparel and clothing accessories, knitted or crocheted.
Articles of apparel and clothing accessories, knitted or crocheted, fall under HS code 62. Indonesia exported US$7,000 worth of these products.
3. Nuclear reactors, boilers, machinery and mechanical appliances.
Another exported product was Nuclear reactors, boilers, machinery and mechanical appliances, totaling US$5,000. Indonesia did not record any exports of this product to Bermuda in the previous year. Indonesia exports this product to 158 countries. Bermuda ranked 151st as a destination for this product. Other top five export destinations include Singapore, the United States, Japan, Thailand, and Malaysia.
4. Commodities not specified elsewhere.
Indonesia also exported a significant amount of Commodities not specified elsewhere to Bermuda, valued at US$5,000. Indonesia did not record any exports of this product to Bermuda in the previous year. Besides Bermuda, Indonesia also relies on exports of Commodities not specified elsewhere to the United States, Japan, Malaysia, Korea, Republic of Korea, and Singapore. In addition to these main countries, Indonesia exported this product to 114 other countries.
5. Electrical machinery and equipment and parts thereof.
Indonesia exported this product to 164 countries. Bermuda ranked 162nd as a destination for this product. In 2022, Indonesia recorded exports of US$1,000. Five other major export destinations for Electrical machinery and equipment and parts thereof are Singapore, the United States, Japan, Republic of Korea, and Hong Kong, China.