Русский
Russia and Indonesia grew their trade turnover of agricultural products to nearly US$1.5 billion in 2024, up 41.4% compared to the previous year, according to Russia’s Agroexport centre. This included approximately 1.4 million tonnes of agricultural goods.
The main commodity items in the value structure of Indonesian imports from Russia in 2024 were wheat (92.3%), coriander seeds (2.6%) and frozen fish (2.2%). Agroexport said “The 20.3% increase in Indonesia’s imports from Russia in value terms in 2024 was primarily driven by higher wheat purchases (+37%).”
Indonesia exported 795,500 tonnes of agricultural products to Russia in 2024, up from 681,100 tonnes in 2023. The value of these deliveries increased from US$715.1 million to US$1.08 billion, meaning Russia has a rare agricultural trade deficit with Indonesia.
Indonesia’s exports were mainly palm oil (49.7%), palm kernel oil and babassu oil (11.7%), coffee (9.7%), cocoa butter and cocoa fat (8.5%) and cocoa powder (4.4%).
These figures can be expected to increase further, as Indonesia is currently negotiating a Free Trade Agreement with the Eurasian Economic Union. It also joined the BRICS group as a full member on January 1 this year.
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