Indonesia (IDN) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Indonesia-Brazil Trade: In 2023, Indonesia exported $1.58B to Brazil. The main products that Indonesia exported to Brazil were Coconut Oil ($239M), Palm Oil ($138M), and Broadcasting Equipment ($89.9M). Over the past 5 years the exports of Indonesia to Brazil have increased at an annualized rate of 1.91%, from $1.43B in 2018 to $1.58B in 2023.

In 2023, Indonesia did not export any services to Brazil.

Brazil-Indonesia Trade: In 2023, Brazil exported $4.35B to Indonesia. The main products that Brazil exported to Indonesia were Soybean Meal ($1.85B), Raw Sugar ($845M), and Wheat ($244M). Over the past 5 years the exports of Brazil to Indonesia have increased at an annualized rate of 10.1%, from $1.66B in 2018 to $4.35B in 2023.

In 2023, Brazil did not export any services to Indonesia.

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Indonesia exported $1.58B to Brazil. The main products exported from Indonesia to Brazil were Coconut Oil ($239M), Palm Oil ($138M), and Broadcasting Equipment ($89.9M). During the last 5 years the exports of Indonesia to Brazil have increased at an annualized rate of 1.91%, from $1.43B in 2018 to $1.58B in 2023.

In 2018, Brazil exported $4.35B to Indonesia. The main products exported from Brazil to Indonesia were Soybean Meal ($1.85B), Raw Sugar ($845M), and Wheat ($244M). During the last 5 years the exports of Brazil to Indonesia have increased at an annualized rate of 10.1%, from $1.66B in 2023 to $4.35B in 2018.

Exports from Indonesia () to Brazil () (2023)

Exports from Brazil () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Brazil ()

Indonesia Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Brazil
Top DestinationChina$106B

This map shows whether countries import more from Indonesia or Brazil. Each country is colored based on the difference in imports they receive from Indonesia and Brazil or the difference in the growth in imports.

In 2023, countries that imported more from Indonesia than Brazil included India ($24B), Japan ($23.7B), and Malaysia ($14.2B).

In 2023, countries that imported more from Brazil than Indonesia included China ($106B), Argentina ($17.2B), and United States ($37B).

Difference in imports from Brazil () and Indonesia () (2023)

Comparative Advantage Indonesia - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Indonesia and Brazil by product, considering products traded by both, Indonesia and Brazil.

During 2023, Indonesia had a large net trade with Brazil in the exports of Animal and Vegetable Bi-Products ($441M), Machines ($391M), and Plastics and Rubbers ($147M).

During 2018, Brazil had a large net trade with Indonesia in the exports of Foodstuffs ($2.9B), Vegetable Products ($442M), and Mineral Products ($377M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Brazil+$67MPalm Oil

Top Product Potential Brazil Indonesia+$82MRaw Sugar

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Indonesia and Brazil. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Indonesia.

About

Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Brazil () (2023)

Exports from Brazil () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Brazil ()

Indonesia Exports

Brazil Exports

Market Competitiveness

Difference in imports from Brazil () and Indonesia () (2023)

Comparative Advantage Indonesia - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Indonesia () and Brazil () (2023)

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