Indonesia's CPO Export Growth is Among the Highest in the World

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Monavia Ayu Rizaty 25/04/2022 19:30 WIB

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Among global CPO exporting countries, Colombia had the highest export growth, at 7% during the 2016-2020 period. Indonesia's CPO export growth, meanwhile, was 5%.

Average Annual Growth Rate of CPO Exports in the Largest Exporting Countries (2016-2020)

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Indonesia's CPO Export Growth is Among the Highest in the World

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Average Annual Growth Rate of CPO Exports in the Largest Exporting Countries (2016-2020)

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Trade Map data from 2020 recorded seven major global exporters of crude palm oil (CPO): Indonesia, Malaysia, Guatemala, Papua New Guinea, Colombia, the Netherlands, and Honduras.

According to Trade Map, among these exporting countries, Colombia had the highest annual growth rate in CPO exports, averaging 7% during the 2016-2020 period.

Indonesia and Malaysia followed with the next highest annual growth, averaging 5% over the same period.

The Netherlands and Guatemala had an average CPO export growth of 3%. Honduras averaged 1% growth, while Papua New Guinea experienced an average contraction of 2% during the 2016-2020 period.

In terms of value, Indonesia had the highest CPO export value in 2020, reaching US$4.74 billion (approximately Rp68.5 trillion). Malaysia was second with exports valued at US$2.93 billion (approximately Rp42.4 trillion).

Editor : Adi Ahdiat

"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."