Indonesia Controlled 46% of Global CPO Exports in 2020

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Viva Budy Kusnandar 26/04/2022 09:40 WIB

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Based on OEC World data, Indonesia's CPO exports (HS code 151110) reached US$5.11 billion in 2020, an increase of US$597 million or 13.3% compared to the previous year.

Top 10 Countries with the Highest CPO Export Value according to OEC World (2020)

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Indonesia Controlled 46% of Global CPO Exports in 2020

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Top 10 Countries with the Highest CPO Export Value according to OEC World (2020)

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Indonesia was the world's largest exporter of crude palm oil (CPO) in 2020.

According to OEC World data, Indonesia's CPO exports (HS code 151110) reached US$5.11 billion in 2020, an increase of US$597 million or 13.3% compared to the previous year.

This accounted for 46.8% of the total global CPO export value of US$10.91 billion in 2020.

(Read Also: [This is Indonesia's Largest Crude Palm Oil Export Destination](https://databoks.katadata.co.id/datapublish/2022/01/31/ini-negara-tujuan-ekspor-minyak-sawit-terbesar-indonesia))

Malaysia was the next largest exporter of CPO, with a value of US$3.36 billion (30.70%) in 2020.

This was followed by Guatemala with US$410.11 million (3.76%), Papua New Guinea with US$339.2 million (3.11%), Colombia with US$336.51 million (3.08%), and Honduras with US$255.26 million (2.34%).

Next came Singapore with CPO exports valued at US$248.7 million (2.28%) and the Netherlands with US$165.16 million (1.51%).

Then there was Costa Rica with CPO exports valued at US$134.94 million (1.24%), Thailand with US$120.2 million (1.1%), and a total of US$434.7 million (3.98%) from other countries.

CPO trade accounted for only 0.065% of total global trade in 2020. With this share, CPO trade ranked 265th out of 4,613 commodities traded in the international market.

(Read Also: [Export Ban: Top 10 Largest Palm Oil Plantation Companies in Indonesia](https://databoks.katadata.co.id/datapublish/2022/04/25/dilarang-ekspor-ini-10-perusahaan-pemilik-kebun-sawit-terluas-di-ri))

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 Controlled 46% of Global CPO Exports in 2020

Indonesia Controlled 46% of Global CPO Exports in 2020

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Indonesia Controlled 46% of Global CPO Exports in 2020

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