Coconut Oil Prices in Philippines
| Variety | Market level | Price (US$/kg) | Local (PHP) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| — | Global benchmark | 2.24 | 125 | ▼ 3.8% | ▼ 18.9% | World Bank Pink Sheet |
| — | Export (unit value) | 1.26 | 69.96 | ▼ 71.7% | ▼ 71.7% | UN Comtrade (unit value) |
As of May 2026, the coconut oil price in Philippines is US$ 1.26 per kg (69.96 PHP), down 71.7% year-on-year.
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Coconut Oil Price History & Trend
Global benchmark (world reference) price for coconut oil, US$ per kg. A dedicated Philippines series begins building from our next crawl. Source: UN Comtrade (unit value).
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Use this data freely with attribution to Selina Wamucii.
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Production, Exports, Imports & HS Codes — coconut oil in Philippines
Exports UN Comtrade · 2024
In 2024, Philippines exported $1.24B (986.3 kt) of coconut oil▲ 51.8% YoY. That ranks #1 worldwide (66.4% of global exports).
Export value by year (US$)
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 $15.2M · 0.8%
Annual export data Philippines · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $1.24B | 986.3 kt | $1.26 |
| 2023 | $816.7M | 184 kt | $4.44 |
| 2022 | $1.46B | 380.5 kt | $3.84 |
| 2021 | $986.1M | 211.2 kt | $4.67 |
| 2020 | $547.9M | 130 kt | $4.21 |
Production FAOSTAT · 2023
Philippines produced 1.21 Mt of coconut oil in 2023▼ 10.7% YoY. It ranks #1 among producing countries (38.8% 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.