In 2019 Indonesia exported 610,812 tonnes of coconut oil. In 2019 alone, the demand for Indonesia coconut oil (processed category) has shrunk, with a change of -9.546 % compared to the year 2018. Between 2017 and 2019, coconut oil's exports increased by 19.66% earning the country US$443.27m for the year 2019. Indonesia's coconut oil exports are categorised as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
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Indonesia minyak kelapa export values
In 2019, Indonesia sold coconut oil with a value of 443.27m USD, a decrease of -38.68% from 2018's total coconut oil export of 722.875m USD. The yearly reduction in value of Indonesia coconut oil between 2017 to 2018 was -11.517 pc.
The annual/yearly change in the amount of Indonesia's coconut oil exports between 2017 and 2019 was 19.66 percent in comparison to a variation of -9.546% in the period between 2018 and 2019.
Indonesia's share of the world's total coconut oil's exports in 2019 was 5.1%. Indonesia is ranked number 6 in world exports of coconut oil.
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Export markets for Indonesia minyak kelapa ( in '000$ )
Indonesia's best performing destinations for coconut oil are China, Malaysia, US, the Netherlands and South Korea.
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Import/Export Trends
Indonesia is a net exporter of coconut oil. The annual growth of Indonesia coconut oil in value between 2015 to 2019 was -49%, per annum, while annual growth in quantity through the same period was -48%, per annum.
Indonesia procured 34,909 tonnes of coconut oil in 2019.
