2023
Exports
$1.69MWorld Rnk 59 / 142
Flag Rnk 798 / 1192
2023
PRODUCT COMPLEXITY IN Soybeans
-1.67Rnk 968 / 1025
2023
Imports
$1.46BWorld Rnk 9 / 193
Flag Rnk 22 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $1.69M in Soybeans, making it the 59th largest exporter of Soybeans in the world. At the same year, Soybeans was the 798th most exported product in Indonesia. The main destination of Soybeans exports from Indonesia are: Timor-Leste ($1.14M), Netherlands ($287k), Germany ($118k), Malaysia ($42.8k), and Singapore ($27.7k).

The fastest growing export markets for Soybeans of Indonesia between 2022 and 2023 were Timor-Leste ($426k), Germany ($118k), and Netherlands ($38.9k).

Imports In 2023, Indonesia imported $1.46B in Soybeans, becoming the 9th largest importer of Soybeans in the world. At the same year, Soybeans was the 22nd most imported product in Indonesia. Indonesia imports Soybeans primarily from: United States ($1.26B), Canada ($169M), Argentina ($16M), Brazil ($13.4M), and Malaysia ($3.76M).

The fastest growing import markets in Soybeans for Indonesia between 2022 and 2023 were Malaysia ($1.28M), Bolivia ($1.01M), and South Africa ($103k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Soybeans. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.69M
IMPORTS (2023)$1.46B
NET TRADE (2023)-$1.46B

In 2023, Indonesia exported $1.69M in Soybeans. The main destinations of Indonesia exports on Soybeans were Timor-Leste ($1.14M), Netherlands ($287k), Germany ($118k), Malaysia ($42.8k), and Singapore ($27.7k).

In 2023, Indonesia imported $1.46B in Soybeans, mainly from United States ($1.26B), Canada ($169M), Argentina ($16M), Brazil ($13.4M), and Malaysia ($3.76M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Timor-Leste$426k (59.8%)
Germany$118k (1%)
Netherlands$38.9k (15.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Indonesia WERE (2022 - 2023):
China-$6.83M (-100%)
France-$78.7k (-100%)
United Kingdom-$16.2k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Soybeans were:
In 2023, Indonesia's main importing competitors in Soybeans were:
China $56.6B
Japan $2.14B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.2M
TOP IMPORT POTENTIALBrazil+ $60.8M

Soybeans’s highest export potential is China. With an export gap of $10.2M.   Soybeans’s highest import potential is Brazil with an import gap of $60.8M.

See methodology.

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