Indonesia's Coal Export Volume Increases in Line with Rising Prices

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Adi Ahdiat 31/08/2022 14:40 WIB

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According to BPS reports, Indonesia's coal export volume in Q2 2022 grew, in line with rising market prices.

Indonesia's Coal Export Volume and Value (Q2 2019 - Q2 2022)

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Indonesia's Coal Export Volume Increases in Line with Rising Prices

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Indonesia's Coal Export Volume and Value (Q2 2019 - Q2 2022)

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According to a report by Indonesia's Central Bureau of Statistics (BPS), the net weight of Indonesian coal exports in the second quarter of 2022 reached 99.49 million tons.

This volume increased by approximately 39% (quarter-on-quarter/qoq) compared to the previous quarter, and grew by about 15% (year-on-year/yoy) compared to the second quarter of 2021.

Meanwhile, the value of national coal exports in the second quarter of 2022 reached US$13.55 billion.

This export value increased by approximately 78% (qoq) and grew by 155% (yoy), far exceeding the volume growth rate. This occurred in line with the increase in coal commodity prices on the market.

Currently, the national coal industry is targeting expansion into the European market, which is experiencing an energy supply crisis due to its tensions with Russia.

One example of this expansion plan is PT Bukit Asam, which has signed a coal export contract to Italy for 140,000 metric tons (MT) in the first half of this year. Besides Italy, the company is also in the process of exploring coal export contracts to Germany and Poland.

"Poland and Germany are still in the process, especially regarding price, size, and quantity," said PT Bukit Asam President Director Arsal Ismail, as reported by *Katadata.co.id* on Friday, August 26, 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."