Editing Copra (section)

===Economics===
Copra production begins on coconut plantations. Coconut trees are generally spaced {{cvt|9|m|ft}} apart, allowing a density of 100–160 coconut trees per hectare. A standard tree bears around 50–80 nuts a year, and average earnings in Vanuatu (1999) were [[United States dollar|US$]]0.20 per kg (one kg equals 8 nuts)—so a farmer could earn approximately US$120 to US$320 yearly for each planted hectare. Copra has since more than doubled in price, and was quoted at US$540 per ton in the Philippines on a [[Incoterms#CIF .E2.80.93 Cost.2C Insurance .26 Freight .28named port of destination.29|CIF]] Rotterdam basis (US$0.54 per kg) by the ''[[Financial Times]]'' on 9 November 2012.

In 2017 the value of global exports of copra was $145-146 Million. The largest exporter was [[Papua New Guinea]] with 35% of the global total, followed by [[Indonesia]] (20%), [[Solomon Islands]] (13%) and [[Vanuatu]] (12%). The largest importer of copra is the [[Philippines]], which imports $93.4 Million or 64% of the global total.<ref name=Observatory>{{Cite web |url=https://oec.world/en/profile/hs92/1203/ |title=OEC: The Observatory of Economic Complexity |first1=AJG |last1=Simoes |first2=CA |last2=Hidalgo |website=oec.world |language=en |publisher=[[The Observatory of Economic Complexity]] |access-date=2019-12-17}}</ref> A very large number of small farmers and tree owners produce copra, which is a vital part of their income.