Indonesia's Copper Ore Exports Soar in 2022, Breaking New Records

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Adi Ahdiat 06/07/2023 15:20 WIB

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According to BPS data, Indonesia exported 3.1 million tons of copper ore in 2022, with a total export value of USD 9.2 billion. This figure is the highest record in the last decade.

Indonesia's Copper Ore Export Volume and Value (2013-2022)

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Indonesia's Copper Ore Export Volume and Value (2013-2022)

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According to data from the Central Statistics Agency (BPS), Indonesia exported 3.1 million tons of copper ore in 2022, a 40% increase year-on-year (yoy).

The total value of Indonesia's copper ore exports in 2022 also surged 71% (yoy) to US$9.2 billion. These figures represent the highest record in the last decade, as shown in the graph above.

Throughout 2022, Indonesia exported the most copper ore to Japan, with a shipment volume of 761,300 tons.

Indonesian copper ore was also purchased by China, South Korea, India, Taiwan, Malaysia, the Philippines, Spain, and Germany.

The Indonesian government had previously planned to ban the export of several raw minerals, including copper, starting in mid-2023.

However, this plan has been postponed until mid-2024, as the construction of smelters or mineral processing facilities within the country is not yet complete.

"The opportunity for holders of mining business permits for metal minerals to sell processed products abroad until May 2024 is limited to copper, iron, lead, zinc, and copper anode slime," said Energy and Mineral Resources Minister Arifin Tasrif, as reported by Katadata.co.id on Wednesday (24/5/2023).

Arifin also stated that this export permit extension could be revoked if the construction of smelters does not show the expected progress.

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."