Indonesia is the world’s largest exporter of palm oil. In 2023, its total palm oil exports amounted to 27.5 million metric tons, indicating a slight increase from the previous year.
The main export market for Indonesian CPO was India, which made up more than 75 percent of the total CPO exports in 2021. India was in turn the world’s largest importer of palm oil in that year. In 2019, India introduced higher import duties on palm oil, leading to a decline in demand from this market. However, Indonesian palm oil exports were buffeted by increased demand from China, which sought alternative vegetable oil supplies due to restrictions caused by the trade war with the U.S.
Volume of total palm oil exports from Indonesia from 2014 to 2023
(in million metric tons)
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Statistics Indonesia. (February 28, 2024). Volume of total palm oil exports from Indonesia from 2014 to 2023 (in million metric tons) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1095541/indonesia-palm-oil-export-volume/
Statistics Indonesia. "Volume of total palm oil exports from Indonesia from 2014 to 2023 (in million metric tons)." Chart. February 28, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1095541/indonesia-palm-oil-export-volume/
Statistics Indonesia. (2024). Volume of total palm oil exports from Indonesia from 2014 to 2023 (in million metric tons). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1095541/indonesia-palm-oil-export-volume/
Statistics Indonesia. "Volume of Total Palm Oil Exports from Indonesia from 2014 to 2023 (in Million Metric Tons)." Statista, Statista Inc., 28 Feb 2024, https://www.statista.com/statistics/1095541/indonesia-palm-oil-export-volume/
Statistics Indonesia, Volume of total palm oil exports from Indonesia from 2014 to 2023 (in million metric tons) Statista, https://www.statista.com/statistics/1095541/indonesia-palm-oil-export-volume/ (last visited December 23, 2024)
Volume of total palm oil exports from Indonesia from 2014 to 2023 (in million metric tons) [Graph], Statistics Indonesia, February 28, 2024. [Online]. Available: https://www.statista.com/statistics/1095541/indonesia-palm-oil-export-volume/