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Palm Oil Shell Exports from Indonesia in January – September 2021 Reached US$ 286 million



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Palm Oil Shell Exports from Indonesia in January – September 2021 Reached US$ 286 million

InfoSAWIT, JAKARTA – As crude palm oil (CPO) producer in the world, Indonesia is potentially producing biomass, such as, palm oil shell. According to Ministry of Trade, palm oil shell production in the world is mostly dominated from Indonesia.

Palm oil shell exports from Indonesia in January–September 2021 reached US$ 286 million, or increased 27,01% compared to the same period in 2020.

The main countries to export it were Japan that reached 84,5% of the total exports, then Thailand, Singapore, South Korea, and India.

“Palm oil shell supply in Indonesia derives from Jambi, Riau, West Sumatra, Central Kalimatan, and North Sumatra,” Director of Export Development and Cooperation Ministry of Trade, Marolop Nainggolan said, as in the official statement to InfoSAWIT, Saturday (27/11/2021).

Meanwhile, the main competitors of Indonesia in palm oil shell trade are Malaysia and Thailand. But Indonesian palm oil shell exporters relatively and tightly compete with Malaysian exporters.

It happens for palm oil shell from Malaysia is cheaper and stable while it is fluctuation in Indonesia and tends to be more expensive because of export tax and less supportive infrastructures.

 

A Glance of Indonesia – Japan Trade

In January–September 2021, non – oil and gas trade between Indonesia and Japan reached US$ 22,53 billion in total. The numbers increased 29,08% compared to the previous period last year which reached US$ 17,46 billion. Non – oil and gas exports from Indonesia to Japan in January–September 2021 reached US$ 12,12 billion and imports of Indonesia from Japan reached US$ 10,41 billion. Indonesia got surplus from Japan about US$ 1,70 billion.

In 2020, non-oil and gas exports from Indonesia to Japan reached US$ 12,88 billion and non -oil and gas imports of Indonesia from Japan reached US$ 10,62 billion., Indonesia got surplus from Japan about US$ 2,25 billion.

The main commodities of Indonesia from Japan in 2020 were coal, precious metal scrap, petroleum gas, and insulated cable. The main import commodities of Indonesia from Japan in 2020 were vehicle accessories, rolled sheet steel, steam turbine, and completely knocked down vehicle. (T2)