How much palm oil does Indonesia produce and export?
Indonesia is the largest producer of palm oil: 47.1 million tonnes in 2023, 59% of the world's 79.6 million tonnes (FAOSTAT). It is the largest exporter by value: $21.1 billion in 2024, 48% of world exports of palm oil (HS 1511) (CEPII BACI). Its biggest customer is India, which takes 21% of its palm oil exports by value.
All about palm oil · All about Indonesia · Palm oil price history
Indonesia's palm oil production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 1 | 47.1 million tonnes | 59% | +5.4% a year | 2023 |
FAOSTAT Crops and livestock products (QCL), 2023. World total is the sum of reporting countries.
Share of world output over time
| 1990 | 2000 | 2010 | 2020 | 2023 |
|---|---|---|---|---|
| 21% | 31% | 48% | 59% | 59% |
Indonesia's palm oil exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 1 | $21.1 billion | 48% | 22.1 million t | $954 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 1511 (Palm oil and its fractions).
Where Indonesia's palm oil goes
| Destination | Value | Share of Indonesia's exports |
|---|---|---|
| India | $4.4B | 21% |
| Pakistan | $2.6B | 12% |
| China | $2.2B | 10% |
| United States | $1.5B | 7% |
| Bangladesh | $955M | 4.5% |
How much palm oil Indonesia uses
Indonesia's domestic supply of palm oil was 20.3 million tonnes in 2023, 27% of the world's. Food supply was 12 kg per person a year, 3rd highest of 100 countries with a million or more people. It produced 225% of what it used (self-sufficiency) and imported 0%. FAO's item is "Palm oil". Consumption · Self-sufficiency.
The palm oil price Indonesia sells into
The benchmark price, Malaysia, CIF Northwest Europe, was $1,180/t in September 2026, up 14% over twelve months. Its five-year volatility is 26% a year, calmer in 59% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Palm oil price history.
Cite as: Commodity Origins, "Indonesia palm oil: production, exports and prices", https://commodityorigins.com/countries/IDN/palm-oil/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.