Export Ban Lifted, Indonesia's CPO Trade Rebounds in June 2022

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Vika Azkiya Dihni 15/07/2022 16:00 WIB

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Indonesia's CPO export value reached US$2.74 billion in June 2022, a surge of 862.66% from the previous month, according to BPS.

Indonesia's CPO Export Value (January 2021-June 2022)

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Export Ban Lifted, Indonesia's CPO Trade Rebounds in June 2022

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Indonesia's CPO Export Value (January 2021-June 2022)

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Indonesia's crude palm oil (CPO) exports reached US$2.74 billion in June 2022. This figure surged by 862.66% compared to the previous month.

This sharp increase occurred because Indonesia's CPO trade had previously been at a very low level due to the export ban policy implemented from April 28 to May 22, 2022.

In June 2022, Pakistan was the main export destination for Indonesian CPO, with exports valued at US$450.63 million. This represents a 1,958.9% increase compared to May 2022.

The next largest export destinations were China (US$314.38 million), followed by India (US$270.57 million) and Bangladesh (US$160.65 million).

In terms of exporting provinces, Riau had the highest export value at US$982.95 million in June 2022, a 1,064.5% increase compared to the previous month.

This was followed by North Sumatra (US$423.75 million), East Kalimantan (US$383.15 million), and West Sumatra (US$230.13 million).

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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."