Indonesia's Soybean Imports Surge to US$1.48 Million in 2021

The Central Statistics Agency (BPS) recorded that Indonesia's soybean imports reached US$1.48 billion in 2021. This figure represents a 47.77% increase from the previous year's US$1 billion.

The United States remained the largest soybean importer, with a value of US$1.28 billion in 2021. This accounts for 86.78% of Indonesia's total soybean imports that year.

Canada ranked second with soybean imports valued at US$135.89 million (9.16%), followed by Argentina with US$52.08 million (3.51%).

The trend shows that Indonesia's soybean imports have fluctuated over the past five years. Imports decreased from 2018 to 2020, but increased in 2021.

The highest value of soybean imports to Indonesia was recorded in 2021, while the lowest value was in 2020.

Soybean imports to Indonesia reached 2.48 million tons in 2021, a slight increase of 0.58% compared to the previous year's 2.47 million tons.

Soybeans are a key commodity used as a raw material for tofu and tempeh production. They are also used for soybean oil, biodiesel, soy milk, and animal feed.

Read: (These 5 Countries Supply Soybeans to Indonesia, with the US as the Largest Supplier)