Indonesia's Top Exports to Finland in 2023

Indonesia recorded exports to Finland totaling US$54.94 million as of December 2023. This figure represents a 40.35% decrease compared to the previous year's exports, which reached US$92.09 million.

Indonesia's trade record with Finland shows a significant decline in exports over the past 10 years. The lowest export value was US$54.94 million, while the highest reached US$111.44 million.

Of the 97 products (two-digit HS codes) exported to Finland, 37 products were worth more than one billion dollars. Furthermore, according to Trademap data, 46 main Indonesian products are exported to Finland annually. In other words, these products are Indonesia's main export staples to Finland. The remaining products are largely exported to other countries as well.

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

1. Cocoa and cocoa preparations

Indonesia exports a significant amount of cocoa and cocoa preparations to Finland. In the Trademap classification, cocoa and cocoa preparations fall under HS code 18. In 2023, Indonesia exported US$20.13 million worth of these products. This represents an increase compared to the previous period, which recorded US$59,000.

2. Rubber

Indonesia exported US$9.72 million worth of rubber (HS code 40) to Finland.

3. Copper

Indonesia also exports a significant amount of copper to Finland, with exports valued at US$6.21 million. This is lower than the previous period, which reached US$21,225,000. Besides Finland, Indonesia also relies on copper exports to China, the United States, Germany, Italy, and India. In addition to these major countries, Indonesia exported this product to four other countries.

4. Cotton

Indonesia exported US$2.44 million worth of cotton (HS code 52) to Finland. Besides Finland, Indonesia also relies on cotton exports to China, Vietnam, Türkiye, Indonesia, and Italy. In addition to these major countries, Indonesia exported this product to four other countries.

5. Prepared vegetables, fruits, nuts, or other parts of plants

Indonesia also exports a significant amount of prepared vegetables, fruits, nuts, or other parts of plants to Finland, with exports valued at US$1.96 million. This is lower than the previous period, which reached US$5,941,000. Finland currently remains the largest export destination for these products. Besides Finland, the five largest export destinations for these Indonesian products are the United States, Germany, France, the United Kingdom, and Japan.