Indonesia Imported US$176.19 Million Worth of Coffee from Madagascar in 2023

Indonesia recorded imports from Madagascar worth US$183.94 million as of December 2023. This figure represents a significant 15.81% decrease compared to the previous year's imports, which totaled US$218.47 million.

Indonesia's trade record with Madagascar shows an upward trend in imports over the past 10 years. The lowest import value was US$6.83 million, while the highest reached US$218.47 million.

Of the 97 products (two-digit HS codes) imported from Madagascar, 39 products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports 18 main products annually from this country. This indicates a considerable dependence on these imported products. The remaining products are largely imported from other countries as well.

The following is a list of the top five products imported by Indonesia from Madagascar, ordered from highest to lowest transaction value:

1. Coffee, tea, maté, and spices

Indonesia imports a significant amount of coffee, tea, maté, and spices. In the Trademap classification, these fall under HS code 09. In 2023, Indonesia imported US$176.19 million worth of these products. This represents an increase compared to the previous period's US$173.74 million.

2. Essential oils and resinoids

Indonesia's second largest import from Madagascar is essential oils and resinoids. Imports in 2023 totaled US$2.66 million, lower than the previous period's US$39,639,000.

3. Prepared feathers and down and articles thereof

Falling under HS code 67, prepared feathers and down and articles thereof are categorized together with artificial flowers and articles. Indonesia imported US$1.73 million worth of these products from Madagascar. Trademap data shows that Indonesia imports prepared feathers and down and articles thereof from four countries. Imports from Madagascar are the largest. The other five countries supplying these products are China, India, Indonesia, Germany, and the Democratic People's Republic of Korea.

4. Cocoa and cocoa preparations

Imports of cocoa and cocoa preparations from Madagascar are currently the largest. Indonesia imported US$1.03 million worth of these products. Other major suppliers of cocoa and cocoa preparations include Germany, the Netherlands, Ivory Coast, Belgium, and Poland.

5. Organic chemicals

Imports of organic chemicals from Madagascar are also significant. In 2023, Indonesia imported US$0.73 million worth of these products. Other top five suppliers of these products to Indonesia include China, the United States, Ireland, Switzerland, and Belgium.