Indonesia's Nickel Exports Soar in the First Half of 2022

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Adi Ahdiat 12/09/2022 13:30 WIB

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Indonesia's nickel exports in the first half of 2022 grew by approximately 574% year-on-year (yoy), while their value increased by 462% (yoy).

Indonesia's Nickel Export Volume and Value, First Semester (2021-2022)

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Indonesia's Nickel Exports Soar in the First Half of 2022

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Indonesia's Nickel Export Volume and Value, First Semester (2021-2022)

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According to a report by the Central Statistics Agency (BPS), Indonesia's nickel exports experienced rapid growth in the first half of this year.

Previously, the national nickel export volume in the first half of 2021 was only recorded at 44,100 tons with export value of US$436.8 million.

Then, in the first half of 2022, the export volume soared to 297,760 tons with export value reaching US$2.45 billion.

Year-on-year, Indonesia's nickel export volume in the first half of 2022 grew by approximately 574% (yoy), while its export value grew by 462% (yoy).

However, BPS did not detail the type of processed nickel exported during that period. This is because the Indonesian government has banned the export of raw nickel ore since the beginning of January 2020.

This policy banning raw nickel ore exports was subsequently challenged by the European Union at the World Trade Organization (WTO), and the investigation process is still ongoing this year.

"In accordance with the schedule adopted to date and consultations with the parties concerned, the Panel expects to issue its final report to the parties in the last quarter of 2022," states an official WTO document.

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 Nickel Exports Soar in the First Half of 2022

Indonesia's Nickel Exports Soar in the First Half of 2022

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Indonesia's Nickel Exports Soar in the First Half of 2022

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