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Top 10 Indonesian Nickel Buyers as of October 2023

Erlina Fury Santika 25/01/2024 12:50 WIB

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BPS data shows that 10 countries were the biggest buyers of Indonesian nickel up to October 2023. China ranks first.

Indonesia's Nickel Export Volume by Top 10 Destination Countries (January-October 2023)

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Top 10 Indonesian Nickel Buyers as of October 2023

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Indonesia's Nickel Export Volume by Top 10 Destination Countries (January-October 2023)

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Indonesia's nickel export volume reached 984.97 million kilograms (kg) from January to October 2023, according to data from the Central Statistics Agency (BPS). This volume surged 61.19% year-on-year (yoy) compared to 611.06 million kg in the same period of 2022.

The accumulated value for the first ten months of 2023 reached US$5.74 billion, a 23.45% yoy increase from US$4.65 billion in January-October 2022.

China was the largest buyer of Indonesian nickel, purchasing 867.09 million kg from January to October 2023. This represents a 68.96% yoy increase from 513.18 million kg in 2022. The export value to China reached US$4.14 billion in January-October 2023, a 20.56% yoy increase from US$3.43 billion in 2022.

Japan was the second largest buyer, with a volume of 76.31 million kg, a 22.19% yoy increase from 62.45 million kg in October 2022.

Norway imported 31.18 million kg in October 2023, a staggering 524.5% yoy increase from 4.99 million kg the previous year.

The Netherlands also imported a significant amount of Indonesian nickel, 6.88 million kg in 2023, compared to zero imports in 2022.

Neighboring countries Malaysia and Singapore also purchased Indonesian nickel. Brazil was the smallest buyer on the list, with a volume of 2,010 kg, a 16,650% increase from the 12 kg imported the previous year.

The following are the top 10 destinations for Indonesian nickel exports from January to October 2023:

* China: 867,095,631 kg
* Japan: 76,313,546 kg
* Norway: 31,182,206 kg
* Netherlands: 6,889,372 kg
* South Korea: 2,818,261 kg
* Taiwan: 207,595 kg
* Malaysia: 188,691 kg
* India: 140,306 kg
* Singapore: 138,818 kg
* Brazil: 2,010 kg

(See also: [Trend of Decreasing Indonesian Nickel Reference Prices Continues into Early 2024](https://databoks.katadata.co.id/datapublish/2024/01/17/tren-penurunan-harga-acuan-nikel-ri-berlanjut-hingga-awal-2024))

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Top 10 Indonesian Nickel Buyers as of October 2023

Top 10 Indonesian Nickel Buyers as of October 2023

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Top 10 Indonesian Nickel Buyers as of October 2023

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