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Data Check: Gibran Claims Nickel Exports Reached US$33 Billion, Is It True?

Leoni Susanto 27/12/2023 12:01 WIB

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Vice Presidential Candidate number 2, Gibran Rakabuming Raka, stated that nickel export value reached US$33 billion after the downstreaming policy. However, according to BPS (Statistics Indonesia) dat

Indonesia's Nickel Export Value (2013-2022)

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Data Check: Gibran Claims Nickel Exports Reached US$33 Billion, Is It True?

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Indonesia's Nickel Export Value (2013-2022)

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Vice Presidential candidate number 2, Gibran Rakabuming Raka, stated that there has been an increase in the added value of nickel exports following the implementation of the downstreaming policy.

He made this statement during the second 2024 Presidential and Vice Presidential debate series themed "People's Economy, Digital Economy, Finance, Investment, Taxes, Management of the State Budget/Regional Budget, Infrastructure, and Urbanization" at the Jakarta Convention Center on Friday (22/12/2023).

In one of the debate sessions, Gibran was asked about strategies to optimize free trade agreements to increase exports and reduce the trade balance deficit.

Gibran responded, "I will provide a concrete solution. The most concrete is downstreaming. We should no longer export raw materials. We must be able to increase added value domestically."

"Let me give an example, nickel. Before downstreaming, nickel exports were only US$3 billion. Now, after downstreaming, it has reached US$33 billion. This is just about nickel, not to mention copper, bauxite, tin, and others," said Gibran.

However, Gibran's statement does not align with data from the Central Statistics Agency (BPS).

According to BPS data, after President Jokowi implemented the downstreaming policy and the ban on raw nickel exports in 2020, there was indeed an increase in the value of nickel commodity exports.

However, the export value was not as high as Gibran stated. BPS recorded that in 2020, the value of nickel exports was US$794 million.

Then in 2021, the export value increased to US$1.27 billion, and surged to US$5.96 billion in 2022.

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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Data Check: Gibran Claims Nickel Exports Reached US$33 Billion, Is It True?

Data Check: Gibran Claims Nickel Exports Reached US$33 Billion, Is It True?

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Related Data

Indonesia's Forest Product Export Value Decreased by 3.26% in 2024

Records of Indonesian Wildlife Exports up to 2024

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China is the Top Destination for Indonesia's Non-oil and Gas Exports up to Q3 2025

Indonesia's Export Value Increased by 8.14% by the End of Q3 2025

Number of Workers at PT IMIP's Nickel Industrial Zone Continues to Rise from 2020-2025

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Data Check: Gibran Claims Nickel Exports Reached US$33 Billion, Is It True?

Data Check: Gibran Claims Nickel Exports Reached US$33 Billion, Is It True?

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Indonesia's Forest Product Export Value Decreased by 3.26% in 2024

Records of Indonesian Wildlife Exports up to 2024

Mining in Indonesian Forest Areas Could Face Fines Starting December 2025

China is the Top Destination for Indonesia's Non-oil and Gas Exports up to Q3 2025

Indonesia's Export Value Increased by 8.14% by the End of Q3 2025

Number of Workers at PT IMIP's Nickel Industrial Zone Continues to Rise from 2020-2025

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