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Top Destination Countries for Indonesian Palm Oil Exports 2023

Erlina Fury Santika 11/04/2024 09:00 WIB

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BPS data shows that Indonesia's palm oil exports reached 27.49 billion kg in 2023. India was the largest importer.

Indonesia's Palm Oil Export Volume by Top 10 Destination Countries (January-November 2023)

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Top Destination Countries for Indonesian Palm Oil Exports 2023

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Indonesia's Palm Oil Export Volume by Top 10 Destination Countries (January-November 2023)

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Data from Indonesia's Central Bureau of Statistics (BPS) shows that Indonesia's palm oil exports reached 27.49 billion kilograms (kg) from January to November 2023.

This volume increased by 4.88% year-on-year (yoy) compared to the same period in the previous year, which was 26.22 billion kg.

In terms of value, Indonesia's palm oil exports amounted to US$23.97 billion from January to November 2023. This figure, however, dropped by 19.09% (yoy) from the previous US$29.62 billion.

At least 10 countries are the largest markets for Indonesian palm oil. India ranks first with export volume of 5.40 billion kg in January-November 2023. This volume increased by 8.17% (yoy) from 4.99 billion kg in the same period of the previous year.

The export value from India reached US$4.51 billion by November 2023, down 15.09% (yoy) from the previous US$5.32 billion.

China ranks second with a volume of 4.81 billion kg. This volume surged by 25.54% (yoy) from the previous 3.83 billion kg.

Third is Pakistan, with a volume of 2.50 billion kg. This weight decreased by 10.74% (yoy) from the previous 2.80 billion kg.

Fourth is the United States (US) with 1.97 billion kg, and fifth is Bangladesh with 1.36 billion kg as of November 2023.

Outside of these five countries, volumes were less than 1 billion kg. These countries include Egypt, Malaysia, Vietnam, Spain, and Myanmar.

Here is a detailed breakdown of Indonesian palm oil export volumes by the top 10 destination countries in January-November 2023:

* India: 5,404,639,172 kg
* China: 4,816,676,106 kg
* Pakistan: 2,503,859,595 kg
* United States: 1,978,989,325 kg
* Bangladesh: 1,362,634,518 kg
* Egypt: 962,627,774 kg
* Malaysia: 852,763,967 kg
* Vietnam: 667,381,117 kg
* Spain: 654,506,516 kg
* Myanmar: 592,467,488 kg.

(Also read: CPO Prices Strengthen Throughout Q1 2024)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."