Indonesia recorded US$3.9 billion in imports from Brazil as of December 2022. This figure represents a 48.77% increase compared to the previous year's imports, which totaled US$2.62 billion.
Indonesia's trade record with Brazil shows an upward trend in imports over the past 10 years. 2022 marked a historical record with the highest import value ever recorded.
Of the 97 products (two-digit HS codes) imported from Brazil, 49 products were worth more than one billion dollars. Furthermore, according to Trademap data, two main products are imported annually from Brazil by Indonesia. This indicates a significant dependence on these imported products. The majority of the remaining products (70 in total) are also imported from other countries.
The following is a list of the top five products imported by Indonesia from Brazil. This list is ordered from highest to lowest transaction value.
1. Residues and waste from the food industry
Falling under HS code 23, Residues and waste from the food industry are categorized together with prepared animal feed. Imports of this product from Brazil rank first, with Indonesia importing US$1.76 billion. Imports of Residues and waste from the food industry; Prepared animal feed increased compared to the previous period, which recorded US$992,429 thousand.
2. Sugar and confectionery
Sugar and confectionery, classified under HS code 17 in Trademap, totaled US$642,743 thousand in imports from Brazil.
3. Cotton
Imports of cotton amounted to US$370,671 thousand. This represents an increase compared to the previous period, which recorded US$328,111 thousand. Besides Brazil, Indonesia also relies on cotton imports from Mali, China, the United States, and India. In addition to these main countries, Indonesia imported this product from 62 other countries.
4. Cereals
Indonesia imported cereals from 24 countries. Imports from Brazil ranked fourth, totaling US$265,162 thousand in 2022. Besides Brazil, the largest cereal imports originated from Argentina, Canada, India, and the United States.
5. Ores, slag, and ash
Imports of ores, slag, and ash from Brazil currently represent the largest volume. Indonesia imported US$174,704 thousand from Brazil. Other major suppliers of ores, slag, and ash include South Africa, India, Canada, and China.