Indonesia Ranks First Globally in Exports of Oil Crops

Oleaginous Fruits October 04, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

Indonesia dominates in the global oil crop trade. In 2014, Indonesia exported 29 million tonnes of oil crops totaling 22 billion USD, 4% over the previous year. Its primary trading partner was India, where it supplied 26% of its total oil crop exports in value terms, accounting for 47% of India's total imports.

From 2007 to 2014, Indonesia was a net exporter of oil crops. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced, except for in 2014 when high import prices made this difference more notable.

Malaysia and Canada were among the other main global suppliers of oil crops in 2014. However, the fastest growing exporters from 2007 to 2014 were Australia (+40% per year) and Romania (+22% per year). Even with these competitive inroads, Indonesia was still able to strengthen its position in the global export structure.

Indonesia's top 5 trading partners in 2014 were India, China, the Netherlands, Italy and Pakistan, with a combined 55% share of Indonesia's oil crop exports. The share of Italy increased modestly (+5 percentage points), while the share of India illustrated negative dynamics (-7 percentage points).

Source: World: Oil crops (Primary) - Market Report. Analysis And Forecast To 2020