Indonesia recorded exports with Micronesia of USD 1.18 million data as of December 2020. This value is seen to decrease by 28.6% compared to exports in the previous year which was recorded at USD 1.65 million. Indonesia's trade track record with Micronesia, exports in the last 10 years are on an upward trend. The lowest Indonesian export was USD 0.52 million and the highest export was USD 1.65 million. Of the total 97 products (double-digit HS codes) exported to Micronesia, 0.03 thousand products are worth more than one billion dollars. Most of the products exported to this place are product exports which are also widely exported to other countries with a recorded number of 0.01 thousand products.
The following is a list of the five main products that Indonesia exports to Micronesia. This order is arranged starting from the transaction with the largest value.
1. Soaps, organic surface active agents, washing preparations, and lubricant preparations
In 2020, Indonesia was recorded to have exported USD 293,000. The export value of soap increased compared to the previous period which was recorded at USD 228 thousand.
2. Man-made filament
In second place, Indonesia's exports are mostly man-made filament products. The export value from Micronesia in 2020 was recorded at USD 264 thousand. This figure increased compared to the previous period which was recorded at USD 227 thousand.
3. Preparation of cereals, flour, starch or milk
Indonesia exports this product to 133 countries. Exports of cereal, flour, starch or milk preparations to this country are at number 72. In 2020, Indonesia was recorded to have exported US$ 213,000. Other countries in the top five export destinations are China, Malaysia, the Philippines, Vietnam and Thailand.
4. Vegetable fats and oils or oils and their cleavage products
Indonesia exported USD 201 thousand, an increase compared to the previous period which was recorded at US$ 196 thousand. Exports of vegetable fats and oils or oils and their by-products to Micronesia were recorded at number 135. Apart from these countries, the largest exports of vegetable fats and oils or oils and their by-products were destined for China, India, Pakistan, Malaysia and the United States. Indonesia is also recorded as exporting this product to 155 countries.
5. Drinks, spirits and vinegar
Indonesia exports a lot of Beverages, spirits and vinegar to Micronesia. The export value of this product was recorded at USD 84 thousand. This amount increased compared to the previous period which was recorded at USD 20 thousand.
