Indonesia and Brazil want to strengthen their strategic partnership and bilateral business relationship. The value of bilateral trade between the two countries is around $3.5 billion a year. Indonesia exports yarn, rubber, palm oil, footwear, iron and steel, dry coconut, vegetable oils and fats, cocoa, electronics and automotive parts to Brazil. Imports from Brazil are soybean oil, sugar, cotton, tobacco, iron ore and corn.

The countries target at increasing the volume and variety of tradable products. Indonesia and Brazil already have a significant defense relationship, with defense being one of the areas of cooperation the two emerging powers have pursued under their broader strategic partnership, established in 2009. This has included the sale of Brazilian defense equipment to Indonesia.

Technical cooperation between the two countries, boosting agribusiness, environmental protection and technology transfers are also part of long-term goals. The two countries have maintained amicable diplomatic relations since 1953 and Brazil is Indonesia's main trade destination in South America.

Indonesia is mulling beef imports from Brazil. The type of Brazilian beef most likely to be imported will be frozen, bone-out manufacturing beef for supply into the wet market, low to mid end food service and retail in Indonesia.