What is the volume of Indonesia's CPO exports to China?

Viva Budy Kusnandar 27/07/2022 09:10 WIB

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Indonesia's palm oil or CPO exports to China in 2021 reached 4.7 million tons, a 7.13% increase from the previous year.

Indonesia's Palm Oil (CPO) Export Volume to China (2012-2021)

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Indonesia's Palm Oil (CPO) Export Volume to China (2012-2021)

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The People's Republic of China (PRC) government has committed to increasing imports of crude palm oil (CPO) from Indonesia by 1 million tons.

This statement was made during a meeting between President Jokowi and Chinese Premier Li Keqiang, during Jokowi's visit to China on Tuesday (July 26, 2022).

In addition to increasing palm oil imports, the Chinese government also stated it would prioritize agricultural products from Indonesia.

According to data from the Central Statistics Agency (BPS), Indonesia's CPO exports to China in 2021 reached 4.7 million tons, a 7.13% increase from the previous year.

Meanwhile, the export value in 2021 reached US$4.8 billion, a surge of 68.3% from the previous year. This surge was due to the increase in global CPO prices over the past year.

Indonesia's CPO exports to China accounted for 17.43% of total national CPO exports in 2021, which reached 26.99 million tons. This share is the largest compared to Indonesia's CPO exports to other countries.

Meanwhile, from January to June 2022, the value of national CPO exports reached US$12.19 billion. This figure is down 0.96% from the same period the previous year.

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."