Indonesia-Brazil Trade Relations in 2018-2024, Dominated by Imports

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Erlina Fury Santika 24/10/2025 13:48 WIB

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BPS data shows that Indonesia's import value from Brazil has always been greater than its exports from 2018-2024. Consequently, Indonesia's trade balance with Brazil has consistently been in deficit

Export Value, Import, and Trade Balance of Indonesia-Brazil (2018-2024)

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Export Value, Import, and Trade Balance of Indonesia-Brazil (2018-2024)

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Bilateral relations between Indonesia and Brazil have been established since 1953. These two countries frequently export and import goods with fluctuating values.

Data from the Central Statistics Agency (BPS) shows that from 2018-2024, Indonesia's trade relations were predominantly characterized by imports. This has caused Indonesia's trade balance with Brazil to be in deficit for seven consecutive years.

The value of Indonesia's imports from Brazil consistently increased each year. The highest value occurred in 2024, reaching US$5.42 billion. Indonesia's exports to Brazil in 2024 were actually also the highest during that period, at US$1.72 billion.

Consequently, Indonesia's trade balance with Brazil was nearly US$3.7 billion in deficit in 2024.

In contrast to consistently increasing imports, Indonesia's exports to Brazil experienced several declines. These years include 2019, 2022, and 2023, as shown in the graph above.

According to Trademap, the goods with the highest import value from Brazil are residues and waste from the food industry, as well as processed animal feed, totaling US$1.92 million in 2024.

Meanwhile, Indonesia's highest export value to the "Land of Samba" was animal, vegetable, or microbial fats and oils and their cleavage products; edible processed fats, amounting to US$476.5 thousand in the same year.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia-Brazil Trade Relations in 2018-2024, Dominated by Imports

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Indonesia-Brazil Trade Relations in 2018-2024, Dominated by Imports

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