Top 10 Palm Oil Exporters in Indonesia for 2024

Key Highlights: 

• Based on Indonesia palm oil export data, Indonesia palm oil exports are estimated to be around 26.5 million metric tons (MMT) in 2023–2024.
• The biggest Indonesia palm oil exports partner is India, which accounted for around $4.5 billion worth of palm oil exported to it. Other prominent markets for the export of palm oil from Indonesia are China, Pakistan, the United States, Bangladesh, Egypt, and Vietnam. 
• The top palm oil exporters in Indonesia are Sinar Mas Agro Resources and Technology (SMART), Wilmar International, Golden Agri-Resources, Astra Agro Lestari, First Resources, Bumitama Agri, and Salim Ivomas Pratama. 
• The leading palm oil exporting countries include Indonesia, Malaysia, the Netherlands, Guatemala, and Thailand. 
• Indonesia’s palm oil production for 2023–2024 was around 45.6 MMT. 

In the last ten years, Indonesia has reversed the deforestation that was done to produce palm oil. With a significant impact on the country's economy, Indonesia is one of the world's largest producers and exporters of palm oil. In 2023, the export of palm oil from Indonesia were valued at $22.67 billion. A significant contributor to Indonesia's economy, palm oil production employs 4.5 million people and accounts for 4.5% of the nation's GDP. Additionally, each year it brings in over $18 billion in foreign exchange.

However, in terms of exports, the top palm oil exporters in Indonesia are Sinar Mas Agro Resources and Technology (SMART), Wilmar International, Golden Agri-Resources, Astra Agro Lestari, and First Resources. In this blog, we will explore the updated Indonesian palm oil exporters list, Indonesia palm oil export data, Indonesia palm oil exports by country, and other emerging trends. 

Why Does Indonesia Export Palm Oil?

Indonesia consumes a lot of palm oil domestically but still maintains its position as the world's largest exporter of palm oil. 

Indonesia's palm oil production is way higher than other countries. It's palm oil production for 2023–2024 was around 45.6 MMT. 

Here are the main factors that support the export of palm oil from Indonesia: 

• Indonesia is the perfect place to grow oil palm because of its tropical temperature and vast land area, particularly on the islands of Sumatra and Kalimantan.
• Oil palm plantations have expanded as a result of Indonesia's advantageous land, trade, and tax policies.
• Indonesia's palm oil production has grown rapidly due to the need for vegetable oils around the world.
• With 4.5% of GDP, the palm oil sector plays a vital role in Indonesia's economy and helps millions of people escape poverty.

How Much Palm Oil Does Indonesia Export? 

Based on Indonesia palm oil export data, Indonesia palm oil exports are estimated to be around 26.5 million metric tons (MMT) in 2023–2024. This is a decline from the previous year due to lower output and weaker demand.

In 2022–23, palm oil export from Indonesia was worth $28.7B. In terms of quantity, it was around 37.4 million metric tons. 

As per Indonesia palm oil export statistics, Indonesia accounts for more than 51% of total palm oil exports, making it the largest exporter of palm oil in the world. 

As per data on Indonesia palm oil exports by country, Indonesia palm oil exports partners in 2023 include India, China, Pakistan, the United States, Bangladesh, Egypt, Vietnam, Myanmar, Russia, and the Philippines.

The top varieties in export of palm oil from Indonesia in 2023 include refined palm oil and its fractions ($19.61 billion) and crude palm oil ($1.90 billion). 

Top Palm Oil Exporters in Indonesia for 2024

Here is the Indonesian palm oil exporters list with export value:

Here is an overview of all these listed palm oil importers in Indonesia: 

1. Sinar Mas Agro Resources and Technology (SMART)

Being the biggest palm oil producer in Indonesia, it holds the largest oil palm plantation site, spanning over 470,000 hectares. It is dedicated to using best practices and environmentally responsible management to produce palm oil in a sustainable manner. 

2. Wilmar International

China, India, Indonesia, Australia, and more than 30 other nations and regions are home to its more than 500 manufacturing facilities. In general, it is well-known for commercial operations such as the production of oil palm, the crushing of oilseeds, and the refinement of edible oils.

3. Golden Agri-Resources

It is a plantation enterprise that is vertically integrated and dedicated to producing palm oil responsibly. In the manufacturing, processing, and marketing of palm and other vegetable oil products, such as refined edible oils, biodiesel, and oleochemicals, Golden Agri-Resources is one of the leading palm oil exporters in Indonesia. 

4. Astra Agro Lestari

It manages more than 297,000 hectares of crops, including rubber and oil palm plantations, throughout Indonesia. Through cooperative groups, the business also collaborates with smallholder farmers. 

5. First Resources

It oversees more than 200,000 hectares of oil palm plantations in the Indonesian provinces of Riau, East Kalimantan, and West Kalimantan, making it one of the region's top producers of palm oil.

6. Bumitama Agri

An Indonesian business called Bumitama Agri makes palm kernels and crude palm oil (CPO). In close proximity to its plantations, it runs fifteen mills. The combined yearly FFB processing capacity of these mills is 6.39 million metric tons. 

7. Salim Ivomas Pratama

The corporation functions as a vertically integrated, diversified agriculture business group that covers the whole supply chain, including milling, palm oil production, seed breeding, and research and development. It is the 7th largest palm oil exporters in Indonesia. 

8. Rajawali Nusantara Indonesia

The corporation sells a variety of goods through its subsidiaries, including tea, palm oil, medical gadgets, sugar, and alcohol. As per Indonesia palm oil export statistics, RNI exported $65 million worth of palm oil in 2023, placing it in Indonesia's top 10 palm oil exporters. 

9. Provident Agro 

Saratoga Sentra Business and Provident Capital Indonesia jointly own this palm oil plantation company with its headquarters in Indonesia. It is also a well-known exporter and wholesaler of a variety of fresh fruits, vegetables, vegetable oils, and other products.  

10. Asian Agri

It collaborates with smallholder farmers and produces crude palm oil and crude palm kernel oil on its own farms. Export of palm oil from Indonesia’s originated Asian Agri was worth $6.7 million globally in 2023–2024. 

So, all these palm oil exporters in Indonesia produce and export palm oil all over the world. To connect with them or to be one of them, connect with us on IndonesiaTradeData.com. 

Major Palm Oil Exporting Countries

Here is the list of top exporters of palm oils in the world: 

So, these are the top palm oil exporting countries in the world. As per Indonesia palm oil export statistics, Indonesia and Malaysia collectively account for around 80% of total palm oil exports. Additionally, to know more about the Indonesia palm oil exports by country and palm oil exporters in Indonesia, explore Indonesia palm oil export data at IndonesiaTradeData.com. 

How do I Find Palm Oil Suppliers from Indonesia? 

With only one subscription, IndonesiaTradeData.com enables you to locate palm oil suppliers from Indonesia. By utilizing our well-known dashboard's robust Indonesia palm oil export data, you can access the authentic list of palm oil exporters in Indonesia, review their products, and establish connections with legitimate companies that meet your business needs. Using our platform ensures a professional and simple procurement process by streamlining the process of finding Indonesia palm oil exports partners.

The Last Remarks!

In conclusion, Indonesia is a global leader, as evidenced by its 2023 Indonesia palm oil export data. With India emerging as its biggest export partner in 2023, Indonesia remains a global leader in the export of palm oil. Indonesia is well-positioned to maintain its leadership in the palm oil export market and avert further price hikes with strong interest, competitive pricing, and an emphasis on sustainability. With a growing market and increased demand for palm oil products, Indonesia palm oil exports are predicted to continue on an upward path. 

Frequently Asked Questions (FAQs)

Q1. Is Indonesia the largest exporter of palm oil?

Yes, palm oil export from Indonesia are the highest worldwide. The nation consumes a lot of palm oil domestically but still maintains its position as the world's largest exporter of palm oil. 

Q2. How much palm oil does Indonesia export?

Based on Indonesia palm oil exports data, Indonesia exported around 26.5 million metric tonnes (MMT) in 2023–2024.

Q3. How big is the palm oil industry in Indonesia?

The Indonesian palm oil industry is expected to increase at a CAGR of 4.4% from 2024 to 2030, from an estimated USD 12.58 billion in 2023. The industry is expanding due to rising demand for palm oil in the food, cosmetics, and biofuel sectors.

Q4. Indonesia exports palm oil to?

Indonesia palm oil exports primarily to India, China, Pakistan, the United States, Bangladesh, Egypt, Vietnam, Myanmar, Russia, and the Philippines.

Q5. Who is the biggest exporter of palm oil?

Indonesia exported palm oil worth $22.7 billion in 2023–24, making it the largest exporter of palm oil in the world. 

Q6. Who are the top palm oil exporters in Indonesia?

Sinar Mas Agro Resources and Technology (SMART), Wilmar International, Golden Agri-Resources, Astra Agro Lestari, First Resources, and Bumitama Agri are the leading palm oil exporters in Indonesia.