How much of Indonesia’s GDP is palm oil?
Indonesia is the world’s largest producer of palm oil – a staple agricultural commodity found in about half of all packaged products sold in supermarkets. The country produces more than 30 million tons of palm oil per year generating 4.5% of its GDP and giving employment to 3 million people.
What is Indonesia doing about palm oil?
In 2019, Indonesian President Joko Widodo issued a separate permanent moratorium on new forest clearance for activities such as palm plantations or logging, covering about 66 million hectares (163 million acres) of primary forest and peatland.
How big is the palm oil industry in Indonesia?
Indonesia is the world’s top producer and exporter of palm oil. In 2020, its production of this commodity amounted to around 48.3 million metric tons. The production volume in 2021 was expected to remain flat, due to low fertilizer usage and dry weather.
How many employees does palm oil have?
The palm oil industry is labor-intensive and employs between 3.7 million and 8 million workers. According to local media and NGO reports, thousands of individuals have been subjected to forced labor in the production of palm oil.
How important is palm oil to Indonesian economy?
Palm Oil Continues to Makes Significant Contribution to Indonesian Economy: Gapki. Jakarta. The palm oil industry is one of Indonesia’s biggest earners of foreign exchange revenue, having contributed 2.46 percent to the country’s gross domestic product in 2017.
What are the 5 biggest producer countries of palm oil in the world?
Indonesia is the largest producer and exporter of palm oil worldwide.
|Country||Production (in metric tons)|
Which countries are is the top 3 producers of palm oil?
Palm Oil Production by Country in 1000 MT
|Rank||Country||Production (1000 MT)|
Which countries export the most palm oil?
In 2019, the top exporters of Palm Oil were Indonesia ($15.3B), Malaysia ($8.91B), Netherlands ($977M), Guatemala ($399M), and Papua New Guinea ($381M). In 2019, the top importers of Palm Oil were India ($4.85B), China ($3.58B), Pakistan ($1.66B), Netherlands ($1.46B), and Spain ($1.05B).