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Indonesia recorded exports to Azerbaijan totaling US$4.89 million as of December 2023. This figure represents a 34.19% increase compared to the previous year's exports, which were recorded at US$3.64 million.
Indonesia's trade record with Azerbaijan shows a significant decline in exports over the past 10 years. The lowest export value reached US$1.04 million, while the highest reached US$68.91 million.
Of the 97 products (two-digit HS codes) exported to Azerbaijan, 35 products were worth more than one billion dollars. Furthermore, according to Trademap data, there are 24 main Indonesian products exported annually to this country. In other words, these products are the mainstay of Indonesian exports to Azerbaijan. The rest are mostly products also widely exported to other countries.
The following is a list of the top five products exported by Indonesia to Azerbaijan. This list is ordered from the highest to lowest transaction value.
- Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured
- Edible preparations
- Electrical machinery, equipment and parts
- Animal, vegetable or microbial fats and oils and their cleavage products
- Wood and wood articles
Indonesia's top export to Azerbaijan is Soap, organic surface-active agents, washing preparations, lubricating preparations, manufactured. In the Trademap classification, this falls under HS code 34. In 2023, Indonesia exported US$2.6 million worth of these products. This represents an increase compared to the previous period, which recorded US$1,836,000.
Edible preparations, with HS code 21. Indonesia exported US$0.84 million worth of these products to Azerbaijan.
Exports of Electrical machinery, equipment and parts to Azerbaijan are currently among the largest. Indonesia exported US$0.26 million worth of these products to Azerbaijan. Other major export destinations for Electrical machinery, equipment and parts include China, the United States, Hong Kong, China, Germany, and Singapore.
Indonesia also exports significant quantities of Animal, vegetable or microbial fats and oils and their cleavage products to Azerbaijan. The export value of this product was US$0.25 million. This represents an increase compared to the previous period, which recorded US$153,000. Currently, the largest export destination for Animal, vegetable or microbial fats and oils and their cleavage products remains Azerbaijan. Besides Azerbaijan, the five largest export destinations for this product are Ship chandlers and bunkers, Sierra Leone, Singapore, Sint Maarten (Netherlands Antilles), and Slovakia.
Exports of Wood and wood articles to Azerbaijan are currently among the largest. Indonesia exported US$0.2 million worth of these products to Azerbaijan. Other major export destinations for Wood and wood articles include the United States, China, Japan, Germany, and the United Kingdom.
"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."