Top Soybean Importing Countries to Indonesia in 2022: US Takes the Lead

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Cindy Mutia Annur 14/06/2023 07:30 WIB

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Indonesia's Central Bureau of Statistics (BPS) reports that the United States was Indonesia's largest supplier of imported soybeans in 2022.

Indonesia's Soybean Import Volume by Country of Origin (2022)

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Indonesia's Soybean Import Volume by Country of Origin (2022)

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Soybeans are a widely consumed food staple in Indonesia.

However, domestic production of this raw material for tempeh and tofu is insufficient to meet national demand. Therefore, Indonesia imports significant quantities of soybeans from various countries.

The Central Bureau of Statistics (BPS) recorded soybean imports of 2.32 million tons in 2022. This figure represents a 6.45% decrease (year-on-year/yoy) compared to 2021, which saw imports of 2.48 million tons.

This soybean import volume marks the lowest record in the last six years.

In 2022, Indonesia imported the most soybeans from the United States, with a volume of 1.92 million tons. This accounts for 82.75% of total national soybean imports.

Canada ranked second, with soybean imports totaling 287,990 tons. Argentina followed in third place, with imports of 60,820 tons.

Brazil and Malaysia also supplied soybean imports to Indonesia, with 41,730 tons and 5,200 tons respectively. Other countries supplied a combined 895.8 tons.

In nominal terms, the value of soybean imports in 2022 reached US$1.62 billion. This figure increased by 9.45% (yoy) compared to the previous year's US$1.48 billion.

The following details the volume and value of Indonesian soybean imports by country of origin in 2022:

1. United States
Volume: 1.92 million tons
Value: US$ 1.36 billion

2. Canada
Volume: 287,990 tons
Value: US$ 186.66 million

3. Argentina
Volume: 60,820 tons
Value: US$ 42.98 million

4. Brazil
Volume: 41,730 tons
Value: US$ 26.76 million

5. Malaysia
Volume: 5,200 tons
Value: US$ 2.73 million

6. Other Countries
Volume: 895.8 tons
Value: US$ 612,700

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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Top Soybean Importing Countries to Indonesia in 2022: US Takes the Lead

Top Soybean Importing Countries to Indonesia in 2022: US Takes the Lead

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