Coconut Oil Prices in Indonesia
| Variety | Market level | Price (US$/kg) | Local (IDR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 2.24 | 37,400 | ▼ 3.8% | ▼ 18.9% | World Bank Pink Sheet |
| - | Export (unit value) | 2.23 | 37,213 | ▲ 80.3% | ▲ 80.3% | UN Comtrade (unit value) |
As of June 2026, the coconut oil price in Indonesia available is US$ 2.23 per kg (37,213 IDR), up 80.3% year-on-year.
Indonesia is the world's second largest exporter of coconut oil, shipping 333,204 tonnes valued at US$412.5 million in 2024, which accounts for 22.1% of global exports and reflects a 19.1% year-on-year increase. The country produced 646,000 tonnes in 2023, ranking second globally with 20.7% of world output, though production declined by 3.0% year-on-year. The latest export price is US$2.2328 per kg.
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Coconut Oil Price History & Trend
Global benchmark (world reference) price for coconut oil, US$ per kg.
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Production, Exports, Imports & HS Codes - coconut oil in Indonesia
Indonesia is the world's second largest exporter of coconut oil, shipping 333,204 tonnes valued at US$412.5 million in 2024, which accounts for 22.1% of global exports and reflects a 19.1% year-on-year increase. The country produced 646,000 tonnes in 2023, ranking second globally with 20.7% of world output, though production declined by 3.0% year-on-year. The latest export price is US$2.2328 per kg.
Exports UN Comtrade · 2024
In 2024, Indonesia exported $412.5M (333.2 kt) of coconut oil▲ 19.1% YoY. That ranks #2 worldwide (22.1% of global exports).
Export value by year (US$)
Export volume by year
Top coconut oil exporters worldwide UN Comtrade · 2024
- #1 Philippines $1.24B · 66.4%
- #2 Indonesia $412.5M · 22.1%
- #3 Sri Lanka $65M · 3.5%
- #4 Netherlands $53.6M · 2.9%
- #5 Malaysia $15.2M · 0.8%
Annual export data Indonesia · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $412.5M | 333.2 kt | $1.24 |
| 2023 | $346.3M | 368 kt | $0.94 |
| 2022 | $512.3M | 348.9 kt | $1.47 |
| 2021 | $420.3M | 278.8 kt | $1.51 |
| 2020 | $236.2M | 266.9 kt | $0.89 |
Production FAOSTAT · 2023
Indonesia produced 646 kt of coconut oil in 2023▼ 3% YoY. It ranks #2 among producing countries (20.7% of world output).
Production by year (tonnes)
HS Code
coconut oil is traded under Harmonized System code 1513.11. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO). Values are official reported figures.