Overview of Indonesia’s Coconut Oil Industry Indonesia is one of the largest producers and exporters of coconut oil globally. With its abundant coconut farms, the country generates immense revenue from the production of coconut oil. The coconut industry is a vital sector of Indonesia’s economy, providing jobs to millions of people and contributing to the country’s GDP. In 2021, Indonesia has set a target of producing over 3.7 million tons of coconut oil and expects revenues of over US$ 1.