Japan, Indonesia's Top Destination for Refined Metal Exports in 2023
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Based on data from the Central Statistics Agency (BPS), Indonesia exported 1,384.9 tons of precious base metals in 2023, valued at US$1.78 billion.
The volume plummeted 30.64% year-on-year (yoy) compared to 2022, which reached 1,996.7 tons.
In 2023, Japan was the main destination for Indonesia's precious base metals, with a volume of 850.7 tons or 61.4% of total national exports. The value of precious metal exports to Japan amounted to US$703.55 million.
South Korea was the next largest export destination, with a volume of 252.4 tons (US$62.01 million). This was followed by Singapore with 58 tons (US$570.69 million) and Hong Kong with 44.4 tons (US$299.75 million).
Indonesia also supplied precious metals to Australia (9 tons, US$6.51 million), the United States (5.2 tons, US$772,000), Switzerland (3.5 tons, US$21.83 million), and Thailand (3.5 tons, US$27.76 million).
In addition to the countries above, Indonesia also shipped precious metals to other countries with a combined volume of 158.1 tons (US$94.80 million) throughout last year.
"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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