In 2019 Indonesia exported 60 tonnes of soyabean oil. Through 2019 alone, the interest in Indonesia soyabean oil (processed category) has gone up, flactuating by 50 per cent compared to the year 2018. Between 2017 and 2019, soyabean oil's exports reduced by -99.86% netting the country US$0.06m for the year 2019. Indonesia's soyabean oil exports are categorised as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
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Indonesia minyak kedelai export values
In 2019, Indonesia shipped soyabean oil with a value of 0.06m USD, a drop of -75.00% from 2018's total soyabean oil export of 0.24m USD. The yearly change in value of Indonesia soyabean oil between 2017 to 2018 was -98.542%.
The annual/yearly variation in the amount of Indonesia's soyabean oil exports between 2017 and 2019 was -99.86 pc compared to a variation of 50% in the period between 2018 and 2019.
Indonesia's portion of the world's total soyabean oil's exports in 2019 was less than 1%. Indonesia is ranked number 24 in world exports of soyabean oil.
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Export markets for Indonesia minyak kedelai ( in '000$ )
Indonesia's leading export markets for soyabean oil are Malaysia, India, the Netherlands, Pakistan and Timor-Leste.
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Import/Export Trends
Indonesia is a net exporter of soyabean oil. The annual growth of Indonesia soyabean oil in value between 2015 to 2019 was -13%, per annum, while annual growth in quantity during the same period was -9%, per annum.
Indonesia purchased 34,400 tonnes of soyabean oil in 2019.
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