Indonesia Imports US$898.14 Million Worth of Residues from Argentina

Indonesia recorded imports from Argentina totaling US$1.75 billion as of December 2020. This figure represents a 3.87% decrease compared to the previous year's imports, which were recorded at 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 was 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 categorized together with prepared animal feed. Imports of this product from Argentina rank first. Indonesia imported US$898.14 million worth of this product from Argentina. This import value is lower than the previous period, which reached US$1.02 billion.

2. Cereals

Cereals, classified under HS code 10 in Trademap, totaled US$756.85 million in imports from Argentina.

3. Dairy products

Falling under HS code 04, Dairy products are categorized together with bird eggs, natural honey, and edible products of animal origin, not elsewhere specified. Indonesia imported US$27,558 thousand worth of dairy products from Argentina. Indonesia imports this product from 34 countries. Imports of dairy products from Argentina rank seventh. The other five main sources of dairy imports are New Zealand, the United States, Belgium, France, and Germany.

4. Cotton

This product is sourced from 68 countries. Imports of cotton from Argentina rank ninth. In 2020, Indonesia imported US$16,059 thousand worth of cotton. Besides Argentina, the largest cotton imports come from China, Brazil, the United States, India, and Hong Kong, China.

5. Fish and crustaceans, molluscs and other aquatic invertebrates

Indonesia imports a significant amount of Fish and crustaceans, molluscs and other aquatic invertebrates from Argentina. The import value was US$13,753 thousand, lower than the previous period's US$14,283 thousand. Indonesia imports this product from 53 countries. Imports of Fish and crustaceans, molluscs and other aquatic invertebrates from Argentina rank sixth. The other five main sources of these imports are China, Norway, the United States, Seychelles, and Japan.