2023
Exports
$24.8BWorld Rnk 1 / 150
Flag Rnk 2 / 1192
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$1.82MWorld Rnk 158 / 206
Flag Rnk 991 / 1210
2023
ECONOMIC COMPLEXITY of Indonesia
-0.085Rnk 65 / 132

About

Exports In 2023, Indonesia exported $24.8B in Palm Oil, making it the 1st largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 2nd most exported product in Indonesia. The main destination of Palm Oil exports from Indonesia are: India ($4.86B), China ($3.79B), Pakistan ($2.56B), United States ($1.71B), and Bangladesh ($1.16B).

The fastest growing export markets for Palm Oil of Indonesia between 2022 and 2023 were Saudi Arabia ($278M), Djibouti ($124M), and Benin ($100M).

Imports In 2023, Indonesia imported $1.82M in Palm Oil, becoming the 158th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 991st most imported product in Indonesia. Indonesia imports Palm Oil primarily from: Malaysia ($725k), Djibouti ($564k), Germany ($137k), Singapore ($130k), and United Kingdom ($98.1k).

The fastest growing import markets in Palm Oil for Indonesia between 2022 and 2023 were Djibouti ($564k), Germany ($134k), and Malaysia ($114k).

COMPANIES In 2024, leading companies such as Barry Callebaut (1) were at the forefront of shipping Palm 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 Palm 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)$24.8B
IMPORTS (2023)$1.82M
NET TRADE (2023)$24.8B

In 2023, Indonesia exported $24.8B in Palm Oil. The main destinations of Indonesia exports on Palm Oil were India ($4.86B), China ($3.79B), Pakistan ($2.56B), United States ($1.71B), and Bangladesh ($1.16B).

In 2023, Indonesia imported $1.82M in Palm Oil, mainly from Malaysia ($725k), Djibouti ($564k), Germany ($137k), Singapore ($130k), and United Kingdom ($98.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Indonesia WERE (2022 - 2023):
Saudi Arabia$278M (92.7%)
Djibouti$124M (59.2%)
Benin$100M (116%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Indonesia WERE (2022 - 2023):
Pakistan-$850M (-24.9%)
India-$672M (-12.1%)
Malaysia-$500M (-39.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Indonesia's main exporting competitors in Palm Oil were:
In 2023, Indonesia's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $162M
TOP IMPORT POTENTIALMalaysia+ $1.5M

Palm Oil’s highest export potential is Malaysia. With an export gap of $162M.   Palm Oil’s highest import potential is Malaysia with an import gap of $1.5M.

See methodology.

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