Indonesia's CPO Exports Surpassed by Malaysia Since Q2 2021

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Reza Pahlevi 10/05/2022 13:10 WIB

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Based on Trade Map data, Malaysia's CPO exports have surpassed Indonesia's since the second quarter of 2021, even before Indonesia's CPO export ban.

Indonesia vs. Malaysia CPO Export Value (Q1 2019 - Q4 2021)

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Indonesia's CPO Exports Surpassed by Malaysia Since Q2 2021

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Indonesia vs. Malaysia CPO Export Value (Q1 2019 - Q4 2021)

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Indonesia imposed a ban on the export of crude palm oil (CPO) and its derivative products starting April 28, 2022. This measure was taken to secure domestic supply and lower the price of cooking oil.

President Joko Widodo pledged to reopen exports once supply and prices return to normal. He aims to bring the price of bulk cooking oil back down to around Rp14,000 per liter.

Some parties believe this policy will allow Malaysia to capture Indonesia's CPO export market.

However, according to Trade Map data, Malaysia's CPO export value has already surpassed Indonesia's since the second quarter of 2021, before Indonesia's export ban.

In the second quarter of 2021, Malaysia's CPO export value was recorded at US$1.4 billion, while Indonesia's was only US$573.9 million.

Then, in the fourth quarter of 2021, the gap widened further. Malaysia's CPO export value reached US$1.8 billion, while Indonesia's was only US$322.24 million.

(See also: Survey: Majority of Public Agree with Cooking Oil Export Ban)

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."