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Coconut and palm kernel oil: top exporters and importers (2024)

In 2024, world trade in coconut and palm kernel oil totaled $8.1 billion (5.7 million tonnes). The top exporters were Indonesia (34%), the Philippines (27%) and Malaysia (15%); the top importers were the United States (15%), the Netherlands (12%) and China (12%). Compared with 2019, the value rose 59%.

Summary

World trade
$8.1billion
Tonnes
5.7million tonnes
Price per tonne
$1,417
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Indonesia$2.8 billion · 33.9%
  2. Philippines$2.2 billion · 26.6%
  3. Malaysia$1.3 billion · 15.4%
  4. Netherlands$483 million · 5.9%
    re-exports
  5. Thailand$185 million · 2.3%
  6. Papua New Guinea$137 million · 1.7%
  7. Spain$124 million · 1.5%
  8. Colombia$100 million · 1.2%
  9. Germany$89 million · 1.1%
  10. Belgium$85 million · 1%
    re-exports
  11. Sri Lanka$79 million · 0.97%
  12. Guatemala$73 million · 0.9%
  13. Singapore$57 million · 0.7%
    re-exports
  14. Vietnam$52 million · 0.64%
  15. India$51 million · 0.62%
  16. Honduras$47 million · 0.58%
  17. Côte d'Ivoire$37 million · 0.46%
  18. Costa Rica$28 million · 0.35%
  19. Italy$28 million · 0.34%
  20. Estonia$23 million · 0.28%

Top importers

  1. United States$1.3 billion · 15.4%
  2. Netherlands$985 million · 12.1%
    re-exports
  3. China$972 million · 12%
  4. Germany$696 million · 8.6%
  5. Malaysia$576 million · 7.1%
  6. Brazil$315 million · 3.9%
  7. Italy$250 million · 3.1%
  8. Spain$225 million · 2.8%
  9. Sri Lanka$213 million · 2.6%
  10. Russia$197 million · 2.4%
  11. India$154 million · 1.9%
  12. Japan$152 million · 1.9%
  13. Mexico$146 million · 1.8%
  14. Philippines$126 million · 1.6%
  15. Belgium$125 million · 1.5%
    re-exports
  16. Indonesia$123 million · 1.5%
  17. Canada$106 million · 1.3%
  18. Turkey$105 million · 1.3%
  19. France$100 million · 1.2%
  20. Poland$94 million · 1.2%

Trend

Who sells it

Indonesia has been the top exporter since 2002

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

  • Indonesia 2.8
  • Philippines 2.2
  • Malaysia 1.3
  • Netherlands 0.48
  • Thailand 0.18

Source: CEPII BACI

Show the numbers
Country19952024
Indonesia0.432.8
Philippines0.772.2
Malaysia0.311.3
Netherlands0.090.48
Thailand< 0.010.18

Price

Implied price

The price per tonne rose 94% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,417

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$730
1996$794
1997$683
1998$709
1999$671
2000$549
2001$371
2002$420
2003$522
2004$678
2005$687
2006$641
2007$860
2008$1,221
2009$830
2010$616
2011$1,704
2012$1,223
2013$948
2014$1,243
2015$1,096
2016$1,304
2017$1,486
2018$1,223
2019$911
2020$1,025
2021$1,525
2022$1,867
2023$1,285
2024$1,417

What it includes

  • 1513 · Coconut and palm kernel oil

Products in the same chapter

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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