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Who buys Indonesia’s palm oil? Export destinations 2024

In 2024, Indonesia exported $20.7 billion of palm oil (21.7 million tonnes), 48.7% of the world total. Its main destinations were India (22%), Pakistan (11%) and China (10%). Indonesia was the world’s largest exporter of palm oil.

Summary

Value
$20.7billion
Tonnes
21.7million tonnes
Share of world total
48.7%
World rank
1st
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
India4.5Tonnes: 4,458,425USD per tonne: $1,00321.6%Sea
Pakistan2.4Tonnes: 2,863,272USD per tonne: $82711.4%Sea
China2.1Tonnes: 2,442,726USD per tonne: $8429.9%Sea
United States1.6Tonnes: 1,485,060USD per tonne: $1,0627.6%Sea
Bangladesh0.95Tonnes: 1,023,150USD per tonne: $9334.6%Sea
Saudi Arabia0.8Tonnes: 712,187USD per tonne: $1,1243.9%Sea
Egypt0.79Tonnes: 731,835USD per tonne: $1,0813.8%Sea
Italy0.65Tonnes: 590,974USD per tonne: $1,1003.1%Sea
Vietnam0.59Tonnes: 644,951USD per tonne: $9162.9%Sea
Russia0.54Tonnes: 570,320USD per tonne: $9442.6%Sea
Myanmar0.53Tonnes: 535,629USD per tonne: $9822.5%Sea
United Arab Emirates0.37Tonnes: 404,080USD per tonne: $9031.8%Sea
Philippines0.36Tonnes: 413,543USD per tonne: $8751.8%Sea
Spain0.32Tonnes: 361,512USD per tonne: $8761.5%Sea
South Africa0.31Tonnes: 325,669USD per tonne: $9561.5%Sea
Brazil0.29Tonnes: 275,317USD per tonne: $1,0541.4%Sea
Netherlands re-exports0.29Tonnes: 234,672USD per tonne: $1,2291.4%Sea
Djibouti0.25Tonnes: 261,866USD per tonne: $9611.2%Sea
South Korea0.21Tonnes: 229,406USD per tonne: $9221%Sea
Oman0.18Tonnes: 196,188USD per tonne: $9180.87%Sea

Trend

Who it sells to

India has been its main destination since 2022

Value in USD billions. The five largest destinations in 2024.

  • India 4.5
  • Pakistan 2.4
  • China 2.1
  • United States 1.6
  • Bangladesh 0.95

Source: CEPII BACI

Show the numbers
Partner19952024
India0.074.5
Pakistan0.032.4
China0.062.1
United States0.011.6
Bangladesh< 0.010.95

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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