How much coconut oil does Philippines produce and export?
Philippines is the largest producer of coconut oil: 1.2 million tonnes in 2023, 39% of the world's 3.1 million tonnes (FAOSTAT). It is the 2nd largest exporter by value: $2 billion in 2024, 25% of world exports of coconut and palm kernel oil (HS 1513) (CEPII BACI). Its biggest customer is the United States, which takes 31% of its coconut oil exports by value.
All about coconut oil · All about Philippines · Coconut oil price history
Philippines's coconut oil production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 1 | 1.2 million tonnes | 39% | -2.1% 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 |
|---|---|---|---|---|
| 44% | 40% | 48% | 35% | 39% |
Philippines's coconut oil exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 2 | $2 billion | 25% | 1.3 million t | $1,488 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 1513 (Coconut, palm kernel and babassu oil).
Where Philippines's coconut oil goes
| Destination | Value | Share of Philippines's exports |
|---|---|---|
| United States | $621M | 31% |
| Malaysia | $324M | 16% |
| Netherlands | $319M | 16% |
| Indonesia | $118M | 6% |
| Spain | $103M | 5.2% |
How much coconut oil Philippines uses
Philippines's domestic supply of coconut oil was 138 thousand tonnes in 2023, 4.8% of the world's. Food supply was 1.1 kg per person a year, 4th highest of 108 countries with a million or more people. It produced 980% of what it used (self-sufficiency) and imported 9%. FAO's item is "Coconut oil". Consumption · Self-sufficiency.
The coconut oil price Philippines sells into
The benchmark price, Philippines/Indonesia, CIF Rotterdam, was $2,083/t in September 2026, down 20% over twelve months. Its five-year volatility is 26% a year, calmer in 49% 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. Coconut oil price history.
Cite as: Commodity Origins, "Philippines coconut oil: production, exports and prices", https://commodityorigins.com/countries/PHL/coconut-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.