Indonesia's Top 5 Nickel Buyers in Q1 2022

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Monavia Ayu Rizaty 31/05/2022 17:50 WIB

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China is Indonesia's largest export destination for nickel, with a volume reaching 73.9 million kg (total value US$520.98 million).

Indonesia's Top 5 Nickel Export Destinations (Q1 2022)

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Indonesia's Top 5 Nickel Buyers in Q1 2022

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Indonesia's Top 5 Nickel Export Destinations (Q1 2022)

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Indonesia is known as the world's largest nickel producer. According to data from the Central Statistics Agency (BPS), Indonesia's national nickel exports in Q1 2022 totaled 115.52 million kg.

This volume surged 518.82% compared to exports in the same period of 2021, which amounted to 18.67 million kg.

The value of Indonesian nickel exports in Q1 2022 reached US$898.39 million, a 330.43% increase compared to the same period the previous year, which was only US$208.7 million.

The largest destination for Indonesian nickel exports in the first quarter of this year was China, with a volume of 73.9 million kg and a total value of US$520.98 million.

This was followed by Japan with a volume of 16.89 million kg (US$236.2 million) and South Korea with 14.1 million kg (US$71.06 million).

Nickel exports to Malaysia amounted to 10.52 million kg (US$69.9 million) and to Hong Kong 49,450 kg (US$78,87 thousand).

According to data from the United States Geological Survey (USGS), Indonesia's nickel production reached 1 million metric tons in 2021, accounting for 37.04% of the world's nickel supply.

(Also read: Many Nickel Factories Operate in Indonesia, How Many Produce Battery Cathode Raw Materials?)

Editor : Adi Ahdiat

"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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Indonesia's Top 5 Nickel Buyers in Q1 2022

Indonesia's Top 5 Nickel Buyers in Q1 2022

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