These are the Products Indonesia Imports Most from Argentina

Indonesia recorded imports from Argentina totaling US$1.75 billion as of December 2020. This represents a 3.87% decrease compared to the previous year's imports, which reached US$1.82 billion.

Indonesia's trade record with Argentina shows a significant decrease in imports over the past 10 years. The lowest import value was US$1.16 billion, while the highest reached US$1.82 billion.

Of the 97 products (two-digit HS codes) imported from Argentina, 0.04 thousand products were worth more than one billion dollars. Furthermore, according to Trademap data, Indonesia imports one main product from this country annually. This indicates a significant dependence on these imported products. The majority of other products are also imported from other countries, totaling 0.05 thousand products.

The following is a list of the top five products imported by Indonesia from Argentina, 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 grouped with prepared animal feed. Imports of this product from Argentina rank first. Indonesia imported US$898.14 million worth of these products. This is lower than the previous period, which reached US$1.02 billion.

2. Cereals

Second, Indonesia's largest import is Cereals. Imports from Argentina in 2020 totaled US$756.85 million. This is an increase compared to the previous period, which recorded US$669.46 million.

3. Dairy products

Indonesia imports dairy products from 34 countries. Imports from Argentina rank seventh. In 2020, Indonesia imported US$27,558 thousand. Other top five suppliers of this product to Indonesia include New Zealand, the United States, Belgium, France, and Germany.

4. Cotton

Indonesia also imports a significant amount of cotton from Argentina. Imports totaled US$16,059 thousand, lower than the previous period's US$30,568 thousand. Argentina ranks ninth as a supplier of cotton to Indonesia. Other top five suppliers include China, Brazil, the United States, India, and Hong Kong, China.

5. Fish and crustaceans, molluscs and other aquatic invertebrates

Another product is Fish and crustaceans, molluscs and other aquatic invertebrates, with HS code 03. Indonesia imported US$13,753 thousand, lower than the previous period's US$14,283 thousand. Trademap data shows that Indonesia imports these products from 48 countries. Argentina ranks sixth as a supplier. Other top five suppliers include China, Norway, the United States, Seychelles, and Japan.