Jakarta. Indonesia saw a double-digit growth in its palm oil exports last year, as shipments continue to flood Indian markets, according to latest data shown by Central Statistics Agency (BPS).

Indonesia’s exports of crude palm oil (CPO) and derivatives totaled $21.63 billion between January and November 2025. Shipments stood at $18.15 billion in value in the first eleven months of 2024. 

“This marks a 19.15% growth in our palm oil exports,” BPS deputy Pudji Ismartini told a press conference on Monday. 

CPO and derivatives exports jumped 4.32% in volume, up from 19.99 million tons to 20.85 million tons over the same time frame. Palm oil is found in close to half of the packaged products in supermarkets, and Indonesia is the world's largest producer of this agricultural commodity. 

Products that fall within the animal/vegetable oils and fats have largely driven Indonesia’s non-oil positive trade balance. This sub-category — which includes palm oil — generated $30.29 billion in surplus in 2025 as of November. About $3.07 billion of this vegetable oil surplus had come from exports to India, which is heavily reliant on Indonesia for CPO supplies. Indonesia ran a $930 million surplus in the palm oil trade with the Philippines. 

“In November alone, palm oil exports reached 1.36 million tons in volume, down 28.86% year-on-year [yoy],” Pudji said, without disclosing the value.

The rising palm oil shipments enabled Indonesia to maintain its surplus streak for 67 months straight since May 2020. Global palm oil prices had averaged at around $970.36 per metric ton in November, down 6.52% month-to-month while also falling 16.96% yoy.

Indonesian palm oil will get preferential tariff rates at "close to 0%" when it enters Eurasian Economic Union (EAEU), the Russia-led $2.56 trillion trade bloc, possibly starting 2027. Jakarta also reported that it had convinced the US government to scrap the 19% reciprocal tariffs on Indonesian palm oil. Producers association Gapki told the Jakarta Globe that this could be a good impetus for US-bound palm oil shipments, which had been on the rise over the past five years.