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Indonesia recorded exports to Saudi Arabia worth US$2.08 billion as of December 2023. This figure represents a 2.96% increase compared to the previous year's exports, which totaled US$2.02 billion.
Indonesia's trade record with Saudi Arabia shows an upward trend in exports over the past 10 years. The lowest export value was US$1.22 billion, while the highest reached US$2.16 billion.
Of the 97 products (two-digit HS codes) exported to Saudi Arabia, 51 products were worth more than one billion dollars. Furthermore, according to Trademap data, 77 main Indonesian products are exported to this country annually. In other words, these products are Indonesia's mainstay exports to Saudi Arabia. Many of these products are also exported to other countries.
The following is a list of the top five products exported by Indonesia to Saudi Arabia. This list is ordered from highest to lowest transaction value.
- Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
- Animal or vegetable fats and oils and their cleavage products
- Wood and articles of wood
- Other edible preparations
- Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates
Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof (HS Code 87). Exports of this product to Saudi Arabia ranked first. Indonesia exported US$818.42 million worth of these products to Saudi Arabia. This represents an increase compared to the previous period, which recorded US$806.56 million.
Second, Indonesia's largest export was Animal or vegetable fats and oils and their cleavage products. Exports to Saudi Arabia in 2023 totaled US$351.69 million. This figure is up from the previous period's US$294.14 million.
Indonesia exported this product primarily to one country. Exports of Wood and articles of wood to this country were the largest. In 2023, Indonesia recorded exports worth US$156.12 million. Other countries in the top five export destinations include the United States, China, Japan, Germany, and the United Kingdom.
Exports of Other edible preparations to Saudi Arabia are currently the largest. Indonesia exported US$131.5 million worth of these products to this country. Other major export destinations for Other edible preparations include the United States, China, Germany, the United Kingdom, and France.
Indonesia also recorded significant exports of Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates to Saudi Arabia. The value of these exports in 2023 was US$100.11 million. This is an increase compared to the previous period, which recorded US$94,502,000. In addition to Saudi Arabia, Indonesia also relies on exports of Preparations of meat, fish, crustaceans, molluscs or other aquatic invertebrates to the United States, Japan, the United Kingdom, Germany, and France. Besides these main countries, Indonesia exported this product to four other countries.
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