2023
Exports
$2.54BWorld Rnk 1 / 151
Flag Rnk 21 / 1192
2023
PRODUCT COMPLEXITY IN Coconut Oil
-1.7Rnk 972 / 1025
2023
Imports
$49.9MWorld Rnk 22 / 210
Flag Rnk 460 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $2.54B in Coconut Oil, making it the 1st largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 21st most exported product in Indonesia. The main destination of Coconut Oil exports from Indonesia are: China ($629M), United States ($521M), Malaysia ($256M), Brazil ($239M), and Germany ($225M).

The fastest growing export markets for Coconut Oil of Indonesia between 2022 and 2023 were Sri Lanka ($77.1M), Netherlands ($10.6M), and Belgium ($8.01M).

Imports In 2023, Indonesia imported $49.9M in Coconut Oil, becoming the 22nd largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 460th most imported product in Indonesia. Indonesia imports Coconut Oil primarily from: Philippines ($47.2M), Papua New Guinea ($1.71M), Sri Lanka ($857k), China ($92.2k), and South Korea ($44.2k).

The fastest growing import markets in Coconut Oil for Indonesia between 2022 and 2023 were Papua New Guinea ($930k), Sri Lanka ($743k), and China ($68k).

COMPANIES In 2024, leading companies such as Barry Callebaut (9) were at the forefront of shipping Coconut Oil from Indonesia to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Coconut Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.54B
IMPORTS (2023)$49.9M
NET TRADE (2023)$2.49B

In 2023, Indonesia exported $2.54B in Coconut Oil. The main destinations of Indonesia exports on Coconut Oil were China ($629M), United States ($521M), Malaysia ($256M), Brazil ($239M), and Germany ($225M).

In 2023, Indonesia imported $49.9M in Coconut Oil, mainly from Philippines ($47.2M), Papua New Guinea ($1.71M), Sri Lanka ($857k), China ($92.2k), and South Korea ($44.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Sri Lanka$77.1M (1.61k%)
Netherlands$10.6M (9.61%)
Belgium$8.01M (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Indonesia WERE (2022 - 2023):
United States-$482M (-48%)
Malaysia-$225M (-46.8%)
Brazil-$145M (-37.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Coconut Oil were:
In 2023, Indonesia's main importing competitors in Coconut Oil were:

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $30.5M
TOP IMPORT POTENTIALIndia+ $1.88M

Coconut Oil’s highest export potential is Russia. With an export gap of $30.5M.   Coconut Oil’s highest import potential is India with an import gap of $1.88M.

See methodology.

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