2022
Exports
$28.7BWorld Rnk 1 / 149
Flag Rnk 2 / 1194
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$1.54MWorld Rnk 165 / 208
Flag Rnk 1037 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $28.7B 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 ($5.4B), China ($3.61B), Pakistan ($3.21B), United States ($1.89B), and Bangladesh ($1.48B).

The fastest growing export markets for Palm Oil of Indonesia between 2021 and 2022 were India ($1.91B), United States ($430M), and Pakistan ($372M).

Imports In 2022, Indonesia imported $1.54M in Palm Oil, becoming the 165th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 1037th most imported product in Indonesia. Indonesia imports Palm Oil primarily from: China ($532k), Malaysia ($524k), United Kingdom ($264k), Singapore ($80.9k), and India ($63.7k).

The fastest growing import markets in Palm Oil for Indonesia between 2021 and 2022 were China ($436k), United Kingdom ($262k), and Singapore ($43.6k).

COMPANIES In 2023, leading companies such as Barry Callebaut (12) were at the forefront of shipping Palm Oil from Indonesia to the United States.

Latest Trends

Sep 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 (2022)$28.7B
IMPORTS (2022)$1.54M
NET TRADE (2022)$28.7B

In 2022, Indonesia exported $28.7B in Palm Oil. The main destinations of Indonesia exports on Palm Oil were India ($5.4B), China ($3.61B), Pakistan ($3.21B), United States ($1.89B), and Bangladesh ($1.48B).

In 2022, Indonesia imported $1.54M in Palm Oil, mainly from China ($532k), Malaysia ($524k), United Kingdom ($264k), Singapore ($80.9k), and India ($63.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
India$1.91B (54.7%)
United States$430M (29.5%)
Pakistan$372M (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Indonesia WERE (2021 - 2022):
China-$616M (-14.6%)
Spain-$287M (-30.7%)
Burma-$286M (-34.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Palm Oil were:
In 2022, Indonesia's main importing competitors in Palm Oil were:
India $11.1B
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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