Indonesia exported 25 million tons of palm oil in 2022, with the largest volume going to India.

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Adi Ahdiat 25/01/2023 11:40 WIB

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In 2022, India was the largest importer of Indonesian palm oil, with a volume of 4.99 million tons.

Indonesia's Top 10 Palm Oil Export Destinations (2022)

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Indonesia exported 25 million tons of palm oil in 2022, with the largest volume going to India.

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Indonesia's Top 10 Palm Oil Export Destinations (2022)

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According to data from the Central Bureau of Statistics (BPS) received by the *Katadata* editorial team, Indonesia exported 25.01 million tons of palm oil in 2022.

This figure is down 2.4% compared to 2021, which had a total export volume of 25.62 million tons.

India was the largest buyer of Indonesian palm oil in 2022, with a volume of 4.99 million tons.

Next are China, Pakistan, the United States, Bangladesh, Malaysia, Vietnam, Egypt, Spain, and Russia, with volume details as shown in the graph.

Further analysis reveals that the decline in Indonesia's palm oil exports in 2022 was due to export restriction policies.

Between April 28 and May 23, 2022, President Jokowi temporarily banned the export of palm oil and its derivative products to address domestic shortages and rising cooking oil prices.

Despite the slight decrease in export volume, the value of Indonesia's palm oil exports in 2022 reached USD 27.76 billion, up 3.7% compared to 2021, which was valued at USD 26.75 billion.

This increase in export value was supported by the strengthening of palm oil prices in the global market at the beginning of 2022, triggered by concerns about insufficient supply from major producing countries.

According to data from the United States Department of Agriculture (USDA), in the 2022/2023 growing season, the world's largest palm oil producing countries were Indonesia and Malaysia.

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."

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Indonesia exported 25 million tons of palm oil in 2022, with the largest volume going to India.

Indonesia exported 25 million tons of palm oil in 2022, with the largest volume going to India.

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Indonesia exported 25 million tons of palm oil in 2022, with the largest volume going to India.

Indonesia exported 25 million tons of palm oil in 2022, with the largest volume going to India.

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