Indonesia Imported US$952.47 Million Worth of Cereal from Canada in 2023
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Indonesia recorded US$2.15 billion in imports from Canada as of December 2023. This figure represents a significant 28.44% decrease compared to the US$3 billion recorded in the previous year.
Over the past 10 years, Indonesia's trade record with Canada shows an upward trend in imports. The lowest import value was US$1.38 billion, while the highest reached US$3 billion.
Of the 97 products (two-digit HS codes) imported from Canada, 55 products were worth over one billion dollars. Furthermore, according to Trademap data, Indonesia imports 84 main products from Canada annually. This indicates a considerable dependence on these imported products. Many of these products are also imported from other countries.
The following is a list of the top five products imported by Indonesia from Canada, ordered from highest to lowest transaction value.
- Cereals
- Fertilizers
- Wood pulp and other fibrous cellulosic materials
- Oil seeds and oleaginous fruits
- Nuclear reactors, boilers, machinery and mechanical appliances
Cereals (HS code 10) are the top import from Canada, with a value of US$952.47 million. This represents an increase compared to the previous period's US$640.82 million.
Indonesia's second largest import from Canada is Fertilizers, valued at US$342.91 million in 2023. This is lower than the previous period's US$1.34 billion.
Indonesia's imports of this product come primarily from Canada, representing the largest share. In 2023, imports totaled US$258.91 million. Other top five suppliers of this product to Indonesia include the United States, Brazil, Indonesia itself, and Sweden.
Indonesia also imports significant quantities of Oil seeds and oleaginous fruits from Canada, valued at US$179.19 million. This is lower than the previous period's US$187.27 million. Canada is the largest supplier of this product to Indonesia. Other top five suppliers include Brazil, the United States, the Netherlands, and Paraguay.
Canada is currently the largest supplier of Nuclear reactors, boilers, machinery and mechanical appliances to Indonesia, with imports valued at US$120.87 million. Other major suppliers include China, Germany, the United States, Japan, and Italy.
"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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