InfoSAWIT, JAKARTA - In 2022, Indonesia increased palm oil export that reached US$ 34,94 billion or equal to 39,65 million tons.
The numbers increased 5,76 percent compared to the previous year (2021). One biggest palm oil importer from Indonesia was India that delivered value up to US$ 5,65 billion.
Data from Oil World 2023 showed that India imported vegetable oils up to 16,5 million tons. From the numbers, about 9,9 million tons were palm oil. Indonesia and Malaysia contributed 5,2 million tons (51,04 percent) and 2,86 million tons (28,46 percent) of India’s total palm oil imports.
As InfoSAWIT quoted from the official page of Ministry of Trade, India is the biggest palm oil export from Indonesia with the value reaching US$ 5,65 billion, then China US$ 4,91 billion, European Union US$ 4,36 billion, Pakistan US$ 3,14 billion, and United States of America US$ 2,37 billion.
The significant export progress in palm oil is positive for the economy of Indonesia. besides India, China, European Union and USA are significant ones for palm oil products from Indonesia and they delivered massive export values. (T2)