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Indonesia recorded US$1.28 billion in exports to Brazil as of December 2023. This represents a 14.09% decrease compared to the previous year's exports, which totaled US$1.49 billion.
Indonesia's trade record with Brazil shows an upward trend in exports over the past 10 years. The lowest export value was US$1 billion, while the highest reached US$1.51 billion.
Of the 97 products (two-digit HS codes) exported to Brazil, 46 were worth more than one billion dollars. Furthermore, according to Trademap data, 66 major Indonesian products are exported to Brazil annually. In other words, these products are the mainstay of Indonesian exports to Brazil. Many other exported products are also commonly exported to other countries.
The following is a list of the top five Indonesian products exported to Brazil, ordered by value from highest to lowest:
1. Animal, vegetable, or microbial fats and oils and their cleavage products
Indonesia's largest export to Brazil is animal, vegetable, or microbial fats and oils and their cleavage products. In the Trademap classification, these fall under HS code 15. This product category is grouped with edible processed fats. In 2023, Indonesia exported US$301.4 million worth of these products, a decrease from the previous period's US$523.89 million.
2. Electrical machinery and equipment and parts thereof
The second largest export is electrical machinery and equipment and parts thereof. Exports to Brazil in 2023 totaled US$222.89 million, an increase compared to the previous period's US$181.75 million.
3. Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
Exports of vehicles other than railway or tramway rolling-stock, and parts and accessories thereof, to Brazil were substantial. In 2023, Indonesia exported US$155.04 million worth of these products. Five other major export destinations for this product category are the United States, Germany, Canada, the United Kingdom, and France.
4. Nuclear reactors, boilers, machinery and mechanical appliances
Falling under HS code 84, nuclear reactors, boilers, machinery and mechanical appliances are grouped with parts. Indonesia exported US$94.61 million worth of these products. Brazil is the largest export destination for this product category. Other top five export destinations include the United States, China, Germany, the United Kingdom, and Mexico.
5. Rubber
Rubber exports to Brazil are currently the largest for this product. Indonesia exported US$94.5 million worth of rubber to Brazil. Other major export destinations for rubber include the United States, Germany, China, Mexico, and France.
"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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