Indonesia’s Palm Oil Export Soars 58 Pct to $2.27 Billion

Published Mar 18, 2025

Tridge summary

Indonesia, the world's largest palm oil producer, has seen a significant increase in its palm oil exports in February, with a 58.35% month-to-month and an 89.54% year-on-year growth. The exports reached $2.27 billion, a record high since August 2023, with volume increasing from 1.27 million tons in January to 2.06 million tons in February. India was the second-largest source of Indonesia’s surplus last month, contributing almost $1.3 billion. This surge in exports has helped Indonesia maintain a positive trade balance for 58 consecutive months.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World’s largest palm oil producer Indonesia announced Monday that exports of its top agricultural commodity had witnessed a double-digit increase in February. Official data showed that the Indonesian crude palm oil (CPO) and derivatives exports reached $2.27 billion in February. This marked a 58.35 percent month-to-month growth from $1.44 billion the previous month. Exports had jumped 89.54 percent year-on-year as Indonesia shipped $1.2 billion worth of palm oil products in February 2024, according to the Central Statistics Agency (BPS). “Our CPO and derivatives exports reached $2.27 billion in February. This is the highest [CPO] export that Indonesia has ever recorded since August 2023, during which our palm oil exports stood at around $2.4 billion,” BPS’ chief Amalia Adininggar Widyasanti told a press briefing. Volume-wise, palm oil exports rose from 1.27 million tons in January 2025 to 2.06 million tons the following month. In February 2024, Indonesia sold 1.42 million tons ...

Source: UkrAgroConsult