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.

The Booming Coconut Oil Industry in Indonesia It comes as no surprise that coconut oil is a popular product in Indonesia because coconut trees are in abundance across the country. Thus, the production and exportation of coconut oil have become one of the key industries in Indonesia, contributing to its economic growth and providing a source of income for many small farmers and producers. According to the Indonesian Coconut Board (ICB), the country produced around 2.