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Where does Indonesia get its soybean meal? Import sources 2024

In 2024, Indonesia imported $2.2 billion of soybean meal (5 million tonnes), 6.7% of the world total. Brazil sold 79% of the total, followed by Argentina (17%) and the United States (3%). Indonesia was the world’s largest importer of soybean meal.

Summary

Value
$2.2billion
Tonnes
5million tonnes
Share of world total
6.7%
World rank
1st
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 14 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Brazil1.8Tonnes: 3,934,670USD per tonne: $44678.7%Sea
Argentina0.37Tonnes: 873,177USD per tonne: $42516.6%Sea
United States0.07Tonnes: 147,263USD per tonne: $4963.3%Sea
Paraguay0.02Tonnes: 44,261USD per tonne: $4160.83%Sea
India< 0.01Tonnes: 7,189USD per tonne: $6880.22%Sea
Bolivia< 0.01Tonnes: 7,633USD per tonne: $4480.15%Sea
China< 0.01Tonnes: 7,122USD per tonne: $4640.15%Sea
Taiwan< 0.01Tonnes: 1,468USD per tonne: $1,1760.08%Sea
Malaysia< 0.01Tonnes: 260USD per tonne: $4080%Sea
Vietnam< 0.01Tonnes: 20USD per tonne: $9400%Sea
Thailand< 0.01Tonnes: 24USD per tonne: $6630%Sea
Singapore re-exports< 0.01Tonnes: 0USD per tonne: $3,4080%Sea
United Kingdom< 0.01Tonnes: 0USD per tonne: $6,3750%Sea
Myanmar< 0.01Tonnes: 0USD per tonne: $3,0000%Sea

Trend

Who it buys from

Brazil has been its main source since 2022

Value in USD billions. The five largest sources in 2024.

  • Brazil 1.8
  • Argentina 0.37
  • United States 0.07
  • Paraguay 0.02
  • India < 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
Brazil0.061.8
Argentina0.010.37
United States0.010.07
Paraguay00.02
India0.07< 0.01

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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