Volume of total palm oil exports Indonesia 2014-2023

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.

Palm oil exports

The bulk of Indonesia’s palm oil was made up of crude palm oil and refined palm oil, with crude palm oil (CPO) exports reaching around 25.6 million metric tons in 2021. In that year, the export value of this commodity was about 26.8 billion U.S. dollars.

Main export markets

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.