Indonesia’s Trade Surplus At $1billion In December 2021

 According to Indonesia Import-Export Data, Indonesia’s trade surplus decreased to $1.02 billion in December 2021, the lowest in the last 20 months. Indonesia’s imports hit a high record in December as Indonesia’s exports decreased in the global trade market.

Since May 2020, some of the largest economies of Southeast Asia have been reporting a trade surplus each month as the Covid-19 pandemic exceeded local demand while the prices of export commodities such as copper, steel, tin, coal, rubber, and palm oil have increased at a rapid pace.

The forecast of Exim shows that in December Indonesia’s surplus was about a third to $3.13 billion, less than November's $3.51 billion. Based on import data, December imports of Indonesia estimated a high value of $21.36 billion, an increase of 47.93% on Y-O-Y which is greater than the actual forecast imposed by the economist which was 39.40% growth.

In a recent conference meeting, Margo Yuwono, the head of Indonesia’s statistics commented that the increase in production and demand shows that the economic conditions and activity of Indonesia are improving.

Indonesia recorded a growth of 35.30% in its total exports on a yearly basis. The reason being the shipment and export to china slowed down as Beijing has boosted the domestic output of the fuel.

Indonesia trade data suggests the total shipment value was worth $22.38 billion in December which is the second-highest till November which was $22.84 billion. Economists and market experts have warned Indonesia about the effect of the ban on the export of coal. The coal export contributes about 14% of Indonesia’s overall exports and widespread outages of domestic power could result in a deficit in Indonesia’s trade balance.

The data is based on Indonesia's import-export trade activities retrieved and sourced by Exim’s expert panel to assist traders, manufacturers, importers & exporters from all over the globe in their several decision-making processes.

Exim’s customs import-export trade data offer complete transparency into the trade activities of various global countries which helps you evaluate the overall supply chain and demand of the global trade market.

Indonesia’s Major Trading Partners

Based on Indonesia Export Data, China, United States of America, Japan, Singapore, India, Malaysia, Korea, Philippines, Thailand, and Vietnam are some of the major Indonesia export partner countries.

 

Country	Value in USD ($)	Share in %
China	$31 Billion	19.4%
United States of America	$18.6 Billion	11.4%
Japan	$13.6 Billion	8.36%
Singapore	$10.7 Billion	6.55%
India	$10.4 Billion	6.37%
Malaysia	$8.13 billion	4.97%
Korea	$6.5 billion	3.98%
Philippines	$5.89 billion	3.61%
Thailand	$5.11 billion	3.13%
Vietnam	$4.94 billion	3.02%

Top Rated Products of Indonesia

Rank	Export Product	Value (US$)
1	Palm Oil	$17,364,812,000
2	Coal & Solid Fuels Made From Coal	$14,547,621,000
3	Gold	$5,541,878,000
4	Petroleum Gasses	$5,452,286,000
5	Iron Ferroalloys	$4,745,250,00
6	Natural Rubber	$3,011,840,000
7	Flat-rolled stainless steel & article	$2,993,038,000
8	Industry fatty acids & alcohol	$2,916,548,000
9	Cars	$2,689,360,000
10	Copper ores & concentrates	$2,412,204,000

 

For more info on Indonesia imports & exports, you can buy customs import-export trade data through Exim and get access to Exim’s customized import-export market analysis reports and gain dynamic insights into the world trade market.

The Impact Of Covid-19 On The World Economy import Export business

 Before we go any further with today’s topic, it is important for us to acknowledge how the novel spread of coronavirus has affected the financial stability of countries globally? The pandemic has shattered the economy of many countries. Creating challenges and impacting the lives of people in everyday life.

Economic contractions in a post-COVID-19 will lead to a decline in consumer or you can say end-user spending such as higher education payout.

Families going through financial problems or facing an uncertain economic future will be reluctant to send their children to expensive schools. University and colleges students will continue to have an incompetent online learning experience.

ECONOMIC IMPACTS OF COVID-19

❖ In May 2020, the Asian development bank stated that the novel spread of Coronavirus could cost the world economy somewhat around $5.8 and $8.8 trillion. 

❖ President of the  European Central Bank, Christine Lagarde, apprised in April 2020 that the economy of the Eurozone could reduce by as much as 12% in 2020. And in August there were more than 15 million unemployed people in the European Union.

❖ The gross domestic product for the United States according to the Bureau of Economic Analysis has decreased at an annual rate of 48% for the first quarter of 2020 and 32.9% in the second quarter. Compared to 2019, consumer spending has decreased to 10% in 2020.

❖ In the second quarter of 2020, the economy of the United Kingdom contracted to 20.4%.

❖ In the second quarter of 2020, and after almost 30 years of growth, Australia fell into a recession after its economy reduced to 7%.

❖ In August 2020, South Korea officially entered into a recession, the first time in 17 years. 

❖ It is projected that the Latin American economies will decline by 9.4% this year.

 CORONAVIRUS: PANDEMIC & THE CHANGE IN THE WORLD ECONOMY 

As we all know, the spread of the novel coronavirus; pandemic has reached and has affected the economy of almost every country on the globe.  The spread of the novel Coronavirus has left the economies and businesses counting the costs of many countries all around the globe, as the government struggles with the new measures to fight the spread of COVID-19 and the falling economy.

 ★ ECONOMIC IMPACTS SO FAR

➢ Global shares are in flux: We have seen huge shifts in the stock markets after the spread of  COVID-19.  The Financial Times Stock Exchange, the Nikkei, and Dow Jones Industrial Average all saw huge falls as the number of the novel Coronavirus cases grew in the starting months of the crisis. After the announcement of the first vaccines in the month of November, the major countries and economies such as the United States and the Asian stock market have seen to be recovered, but the Financial Times Stock Exchange is yet to recover, as it is still in negative territory. The Financial Times Stock Exchange reduced to 14.3% in the year 2020, which is said to be the worst performance since the year 2008. In support, in many countries including the UK, central banks have slashed interest rates to make borrowing cheaper and to encourage consumers, businesses, and marketers to spend, which will help boost the economy.

➢ Tough time for Job seekers: Many people have lost their job in this pandemic after the spread of the novel coronavirus. Unemployment rates have increased in many countries and economies. According to the IMF (International Monetary Fund), the proportion of people out of work marked a yearly total of 8.9% in the United States, pointing at an end to a decade of jobs expansion. In many countries, the number of new job opportunities are still very low.

➢  Countries are now in economic decline: The growing economy indicates more wealth and more job opportunities. The growth in the economy is measured by the percentage change in gross domestic product or the amount of commodities and services produced over a year. The international monetary fund evaluated the world economy to be reduced by 4.4% in 2020. China was the only major economy to grow in 2020 with a registered rate of 2.3%.

➢ Travel Industry:  The travel industry has been badly affected after the spread of the COVID-19 virus with airlines reducing flights and the customers canceling their business trips and vacations. With the spread of the coronavirus and with the discoveries of its new variants in recent days, have forced governments of many countries to implement strict rules on public safety, and to restrict foreign travel activities to avoid any further damage.

➢ Hospitality Sector: With millions of jobs and many companies going bankrupt, the hospitality sector has been hit really hard and affected the lives of millions of people worldwide. Information from Transparent- a sector-leading intelligence company that covers more than 35 million hotel and renting listings all over the globe has registered a fall in reservation in all top travel destinations. Billions of dollars have been lost in the pandemic in 2020. According to many experts and analysts, it is stated that tourism won’t return to normal until 2025.

CONCLUSION

In the above article, we have summarised events that took place during the outburst of the Novel Coronavirus and the challenges the world has to face, and how it affected the world economy? We hope you find this article informative. For any query related to the import-export trade data, feel free to connect to us at info@eximtradedata.com or visit site:https://eximtradedata.com/

Post-Covid Custom Trade Data And Reports Of Philippines

 In 2020 the Philippines was the 34th world largest importer and 43rd largest exporter country across the globe, suggests the data and research reports of Exim Trade Data.

Exim Trade Data is one of the most reliable, trusted, and emerging custom global import-export data services & solution and market research companies in the world. Exim Trade Data provides Importer & Exporter Database, Shipment Data, Exim Data Bank, Detail list of top Importer & Exporters, and covers over 60+ countries worldwide.

The customs shipment data Exim Trade Data provides consists of crucial and essential details required for successful import-export trade across the globe that includes Date of Shipment, HS & HSN Code, Product Description, Names of Importer & Exporter, Rate, Price, Value, Quantity, Weight, Unit, Port Name & Details, Shipment & Consignment Detail.

The data we provide helps you analyze the trend of the global trade market using which you can find new buyers and suppliers for your import-export trade business.

With Exim Trade Data you can get access to crucial in-depth research data of any global country. You can get custom import-export data of any global country Product-wise, Year-wise, HS Code wise, Port-wise, and so on.

Total Import-Export & Trade Value of Philippines

● $152.46 billion worth of Imports in 2019

● $119.24 billion worth of imports in 2020

● $106.95 billion worth of exports in 2019

● $91.05 billion worth of exports in 2020

Trade Statistics of the Philippines

● Trade Balance: $-45.51 billion in 2019, and $-28.19 billion in 2020

● Current Account: $-600 million

● GDP: $361.49 billion in 2020

● Tariff Rates: 1.68% in 2019

List of The Major Trading Partners of the Philippines 2020

Based on the Philippines Export Trade Data and market analysis reports, Japan $9.9 billion (15.5%), China $9.6 billion (15.1%), Singapore $3.8 billion (5.9%), South Korea $2.5 billion (4%), Taiwan $2.1 billion (3.2%), Malaysia $1.8 billion (2.7%), India $551.3 million (0.9%), France $472.7 million (0.7%), United States $9.7 billion (15.2%),  Hong Kong $9.1 billion (14.2%), Thailand $2.9 billion (4.5%), Germany $2.4 billion (3.7%), Netherlands $1.9 billion (3%), Vietnam $1.3 billion (2%), Mexico $545.6 million (0.9%) were some of the top exporter countries of the Philippines in 2020.

Major Imports of the Philippines in 2020

The market analysis reports suggest Electrical Machinery & Equipment $27 billion (23.9%), Electronics & Computers $12.5 billion (11.1%), Steel & Iron $3.9 billion (3.5%), Cereals $2.9 billion (2.6%), Technical, Optical & Medical Apparatus $2.4 billion (2.1%), Mineral Oils & Fuels $13.6 billion (12%), Vehicles $8.5 billion (7.5%), Plastics & Articles of Plastics $3.7 billion (3.3%), Spacecraft & Aircraft $2.8 billion (2.5%), and Articles of Steel & Iron $1.9 billion (1.7%) were the top imported products of the Philippines as per Philippines import data 2020.

For more info on any global country, you can visit our official website and ask for free sample data or even book a free demo to get the overall overview of your trade business.

For more info visit site: https://www.eximtradedata.com

Vietnam Import-Export Trade Data 2021 And Custom Reports

 Compared to the global trade of the Covid-19 period, Vietnam trade values are improving. The exports and imports of Vietnam during 2020 accounted for billion $ 11,971 billion and $11,971  billion. Post Covid-19, the total import of Vietnam was $303 billion and the total export value of Vietnam was $329.2 billion during 2021 according to the available data of October 2021.

Vietnam is one of the ASEAN countries that are struggling to improve their economical state through enhanced import and export trade business. The Vietnam historical data that Exim Trade Data provides offer intelligence insights into the global trade data and by accessing our trade intelligence you can get in-depth custom reports on Vietnam import-export trade data that will help you boost your foreign trade business.

Vietnam Imports and Exports Report of 2021

Major Imports Commodities

● Electronics & Parts: $113.20 billion

● Plastics & Articles: $22.58 billion

● Industrial Machinery: $20.82 billion

● Steel & Iron: $12.84 billion

● Knitted or Crocheted Fabrics: $10.19 billion

Electronics and Parts were among the highest imported commodities during 2021 followed by Plastics & Articles of Plastics, Industrial machinery, Iron & Steel, and Knitted or Crocheted Fabrics. For more understanding of Vietnam import-export trade data, get instant access to trade intelligence through Exim Trade Data.

What are the Import Value of Vietnam 2021?

The total import value of Vietnam throughout the year 2021 are as follows: January $30.57 billion, February $24.14, March $32.69 billion, April $30.89 billion, May $30.73 billion, June 33.45 billion, July $31.41 billion, August $29.50 billion, September $29.99 billion, October $29.66 billion according to Vietnam Import Data.

In the month of June Vietnam recorded the highest import value worth $33.45 billion followed by the month of March $32.69 billion during 2021.

Major Export Commodities of Vietnam 2021

● Electronics & Parts: $125.78 billion

● Industrial Machinery: $22.97 billion

● Steel & Iron: $18.51 billion

● Gaiters, Footwear, etc: $16.57

● Plastics & Articles: $13.87

Electronics and Parts were among the highest imported commodities worth 125.78 billion during 2021 followed by Industrial Machinery worth $22.97, Steel & Iron, Gaiters, Footwear, etc, Plastics & articles, and so on.

What are the Export Value of Vietnam 2021?

The total import value of Vietnam throughout the year 2021 are as follows: January $36.79 billion, February $24.32, March $37.20 billion, April $39.43 billion, May $30.43 billion, June 32.51 billion, July $32.03 billion, August $31.64 billion, September $31.19 billion, October $33.71 billion.

In the month of April Vietnam recorded the highest import value worth $39.43 billion followed by the month of March $37.20 billion during 2021 according to Vietnam Export Data.

The data we offer to our clients is based on factual information including HSN Code, Product Description, Date, Mode of Transportation, Port Name & Details, Importer & Exporter Names, Address of Importer & Exporter, Shipment & Consignment Details, Rates, Unit, Value, Quantity, Weight, etc.

For more info on any global country, you can visit our official website and ask for free sample data or even book a free demo to get the overall overview of your trade business.

Bangladesh Import-Export Trade Strategies And Custom Record Data

The customs data of global countries are developed and created from custom details gathered from trusted and authorized sources of information. Bangladesh import-export data contains detail and information about Indonesian exporters and importers and the strategies they use for their foreign trade business.

The statistical custom import-export trade data that we offer to our clients consists of specifications such as Country Names, HS Code Descriptions, HS Code, Quantity, Currency Value, etc.

The custom Bangladesh’s statistical data Exim Trade Data offer is used to conduct research in the overseas markets and offer useful and meaningful insights into the global trade market.

The data we offer to our clients is based on factual information including HSN Code, Product Description, Date, Mode of Transportation, Port Name & Details, Importer & Exporter Names, Address of Importer & Exporter, Shipment & Consignment Details, Rates, Unit, Value, Quantity, Weight, etc.

Total Trade Value of Bangladesh Imports and Exports

Given below are the total trade value of Bangladesh based on Bangladesh Import Data Year-Wise.

➢ Total imports of Bangladesh were worth $64.86 billion in 2019

➢ Total imports of Bangladesh were worth $60.25 billion in 2020

Exports

Given below are the total trade value of Bangladesh based on Bangladesh export data year-wise. 

➢ Total exports of Bangladesh were worth $46.36 billion in 2019

➢ Total exports of Bangladesh were worth $39.50 billion in 2020

2021 Statistics of Bangladesh

➔ Total Imports: 518.56 BTD million in Sep 2021

➔ Total Exports: 315.51 BTD million in Sep 2021

➔ Trade Balance: -203.10 BTD billion in Sep 2021

➔ Current Account: -3887.00 USD million in Jun 2021.

The data we provide is sourced from authorized sources of links such as Bangladesh Customs Departments, Port Authorities, Trade Associations, Shipping & Logistics Companies, Government Bodies, and some other essential import-export documents required for trade across international borders.

What are the Top Exports of Bangladesh?

Based on market analysis reports and Bangladesh Export Data By Hs Code, Knit or Crochet Clothing & Accessories $18.7 billion (45.2%), Not Knit or Crochet Clothing & Accessories $16.6 billion (40.2%), Feather, Hair & Artificial Flowers $133.9 million (0.3%), Vegetables/Animal Oils, Fats & Waxes $139.7 million (0.3%), Miscellaneous Textiles & Worn Clothing $1.2 billion (2.8%), Headgear $288.6 million (0.7%), Footwear $998.9 million (2.4%), Leather/Animal Gut Articles $305.4 million (0.7%), Paper Yarn & Woven Fabric $728.8 million (1.8%), and Fish $461.8 million (1.1%) were the top export categories of Bangladesh during 2020.

Discover new potential business opportunities with our analytically designed custom import-export trade data and meet new buyers and suppliers from all over the globe for your import-export trade business and take your business on a greater level.

Collect and gather exclusive information on potential exporters and importers from Bangladesh customs trade data and connect with them easily and form an effective trade strategy for your import-export trade business and stay ahead of competitors.

The customs import-export trade data that Exim Trade Data allows you to track the overall performance of your products and services in the global trade market and monitor the activities and strategies that are being used by the big merchants and traders to form your business strategy accordingly and increase the efficiency of your trade business for more productivity.

Our marketing strategy helps our clients to target potential audiences and generate more leads for their import-export trade business.

For more info on any global country, you can visit our official website and ask for free sample data or even book a free demo to get the overall overview of your trade business.