October 01, 2017 | 20:20 (GMT+7)
Indonesia earns nearly USD 900 million from coconut exports
Indonesia’s coconut exports in the first eight months of this year reached nearly USD 900 million, while it simultaneously imported commodities worth USD 8.65 million, according to the Indonesia Agriculture Ministry.
The number means the country enjoyed a surplus of USD 891 million from coconut trade, up 21 percent from USD 738.2 million during the same period last year.
Suwandi, chief of the ministry’s data center, said according to the global trade map during the 2012-2016 period, Indonesia was the world largest coconut exporter after the Philippines, in terms of coconut oil and dried coconut.
However, he revealed, in terms of unpeeled coconut or its endocarp, Indonesia is the world largest exporter, contributing 59 percent of the total coconut exports.
Over the past eight months, Indonesia mainly shipped abroad coconut oil which contributed 63 percent of the total coconut exports.
The US remained the biggest market for Indonesia’s coconut exports, making up nearly 20 percent of the total value, followed by China, the Netherlands, Thailand, Malaysia and the Republic of Korea (RoK).
Source: VNA