Indonesia Exports US$1.57 Billion Worth of Vehicles (excluding railway stock and trams) to the Philippines

Indonesia recorded exports to the Philippines totaling US$5.9 billion as of December 2020. This figure represents a significant 12.87% decrease compared to the previous year's exports, which reached US$6.77 billion.

Indonesia's trade record with the Philippines shows an upward trend in exports over the past 10 years. The lowest export value was US$3.7 billion, while the highest reached US$6.83 billion.

Of the 97 products (two-digit HS codes) exported to the Philippines, 40 products were worth more than one billion dollars. Furthermore, according to Trademap data, six main Indonesian products are exported to the Philippines annually, indicating a considerable dependence on these export products. The majority of other exported products (80 products) are also exported to numerous other countries.

Below is a list of the top five products exported by Indonesia to the Philippines, ordered from highest to lowest transaction value.

1. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.

Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof (HS Code 87) were Indonesia's top export to the Philippines, totaling US$1.57 billion. This is lower than the previous period's US$2.11 billion.

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

Indonesia's second-largest export was Mineral fuels, mineral oils and products of their distillation, with exports to the Philippines reaching US$1.27 billion in 2020. This is lower than the previous period's US$1.52 billion.

3. Other food preparations.

Indonesia exported US$465.65 million worth of Other food preparations (HS Code 21) to the Philippines. Besides the Philippines, Indonesia also relies on exports of Other food preparations to Singapore, Malaysia, Saudi Arabia, and Thailand. In addition to these major countries, Indonesia exported this product to 125 other countries.

4. Vegetable fats and oils and their cleavage products.

Indonesia exported a significant amount of Vegetable fats and oils and their cleavage products to the Philippines, totaling US$349.41 million. This represents an increase compared to the previous period's US$270.69 million. Trademap data shows that Indonesia exports Vegetable fats and oils and their cleavage products to 155 countries. Exports to the Philippines ranked 14th. Other top five export destinations include China, India, Pakistan, Malaysia, and the United States.

5. Paper and paperboard.

Indonesia exported Paper and paperboard to 162 countries. Exports to the Philippines ranked sixth. In 2020, Indonesia exported US$222.1 million worth of Paper and paperboard to the Philippines. Besides the Philippines, the largest exports of Paper and paperboard were to China, Japan, the United States, Vietnam, and Malaysia.