Indonesia's Exports and Imports to Canada Decreased in 2020

Indonesia's trade balance with Canada recorded a deficit of US$ 0.83 billion in 2020. This trade deficit decreased by 15.72% compared to the previous year's balance, which was recorded at US$ -0.98 billion.

The improvement in the trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$ 789.05 million. However, Indonesia's imports from Canada in 2020 were higher than exports, reaching US$ 1.62 billion.

Indonesia's exports to Canada have been declining over the past year. The previous year's export value was US$ 858.21 million.

Imports, according to Trademap data, decreased by 12.14% compared to the previous year, which was recorded at US$ 1.84 billion.

Based on product type, there were 10 main export products from Indonesia to Canada that recorded a surplus during 2020. The total value of these main exports reached US$ 77.13 million.

List of 10 Main Indonesian Export Products to Canada

1. (HS 01): Live animals


2. (HS 03): Fish and crustaceans, molluscs and other aquatic invertebrates


3. (HS 06): Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage


4. (HS 08): Edible fruits and nuts; peel of citrus fruit or melons


5. (HS 09): Coffee, tea, maté and spices


6. (HS 11): Products of the milling industry; malt; starches; inulin; wheat gluten


7. (HS 14): Vegetable plaiting materials; vegetable products not elsewhere specified or included


8. (HS 15): Vegetable fats and oils and their cleavage products; edible fats; animal...


9. (HS 16): Preparations of meat, fish or crustaceans, molluscs or other aquatic invertebrates


10. (HS 17): Sugars and sugar confectionery

Globally, the trade balance for all goods improved this time due to an increase in several types of goods. Indonesia's total trade balance was recorded at US$ 21.68 billion, or an increase of 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries in the world was recorded at US$ -3.59 billion.