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Indonesia’s gross domestic product (GDP) grew by 5.1 percent in 2023, making its economy the 16th largest globally. The United States is the second largest supplier of agricultural products to Indonesia with an 11-percent market share in 2023. Major exports include soybeans, wheat, cotton, milk powder, feeds and fodders, dairy, fresh fruit, and beef and beef products.
A prolonged dry season in 2019 is expected to reduce 2020/21 sugarcane production to 27 million tons.
Indonesia’s wheat imports are expected to decline in 2019/20 due to weaker demand as a result of the ongoing COVID-19 pandemic, rebounding to 10.95 million tons in 2020/21.
Due to the global economic slowdown resulting from the COVID-19 pandemic and declining domestic consumer spending, Indonesia’s consumption and imports of cotton are forecast to decline five percent...