[REVISION HISTORY]

Indonesian palm oil and regional export growth

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2026-10-06 01:43 UTC → 2026-10-26 01:51 UTC · added ~~removed~~

Indonesia is experiencing significant growth in its palm oil sector, driven by high global demand and rising domestic consumption. National production reached 46 million tons for the 2024/2025 period, with Riau province serving as a major ~~contributor.~~ contributor, accounting for 10.7 million tons of exports in 2025. In June 2026, crude palm oil (CPO) exports saw a massive spike, increasing from 31,000 tons in May to 335,000 tons in ~~June.~~ June, contributing to a 64.08 percent rise in total palm oil product exports for that month. Domestic demand is also increasing, particularly in the biodiesel sector, which reached 1.13 million tons in June 2026. Regional data from West Sumatra reflects this broader trend. Between January and July 2026, the province's export value rose 21.28 percent to US$1.937 billion. Animal and vegetable fats and oils, specifically liquid fractions of palm oil, crude palm oil, and refined palm oil, were the primary ~~drivers of this growth,~~ drivers, accounting for 85.78 percent of the total export value. In Riau province, the economic performance remained strong through August 2026, with the region recording a total trade surplus of US$12.37 billion for the first eight months of the year. This was largely supported by a US$12.05 billion surplus in the non-oil and gas sector. On a national level, Indonesia recorded a trade surplus of US$3.55 billion in August 2026, a substantial increase from the US$0.12 billion surplus in July 2026. This was driven by a US$6.09 billion surplus in the non-oil and gas sector and a narrowing deficit in the oil and gas sector. ~~Total exports for August reached US$26.61 billion, up 6.72 percent year-on-year, with China, the United States, and India serving as primary destinations.~~ Cumulative data for January to August 2026 shows total exports reached US$193.64 billion, a 4.74 percent increase compared to the same period in 2025. ~~Non-oil and gas exports rose by 5.48 percent to US$185.63 billion.~~ The manufacturing industry was a primary driver, contributing US$159.55 billion, or 82.40 percent, of the total national export value. During this period, imports reached US$186.39 billion, a 19.84 percent increase from the previous year.

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