India, Largest Importer of Indonesian Coal in 2022

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Adi Ahdiat 25/01/2023 17:30 WIB

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According to BPS data, Indonesia's coal exports in 2022 reached 360.28 million tons, the majority of which were shipped to India.

Top 10 Export Destinations for Indonesian Coal (2022)

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India, Largest Importer of Indonesian Coal in 2022

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Top 10 Export Destinations for Indonesian Coal (2022)

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Based on data from the Central Statistics Agency (BPS) received by the *Katadata* editorial team, Indonesia's coal export volume in 2022 reached 360.28 million tons, a 4.29% increase compared to 2021.

In 2022, India purchased the most Indonesian coal, with a volume of 110.15 million tons.

The next largest buyers were China, the Philippines, Japan, South Korea, Malaysia, Taiwan, Thailand, Vietnam, and Bangladesh, with details as shown in the graph.

Overall, the total value of Indonesia's coal exports in 2022 reached USD 46.74 billion, up 76.16% compared to 2021, marking [the highest record in the last two decades](https://databoks.katadata.co.id/datapublish/2023/01/25/nilai-ekspor-batu-bara-ri-melonjak-76-pada-2022).

Throughout 2022, the Indonesian Coal Reference Price (HBA) strengthened significantly. In January 2022, the HBA was still at USD 158.5 per ton, then the figure continued to climb to USD 330.97 per ton in October 2022.

The HBA trend then weakened to USD 281.48 per ton in December 2022. Although down, this price was still very expensive, almost double that of a year earlier.

The fantastic increase in HBA throughout 2022 was influenced by the increase in global coal demand, as a result of the eruption of the Russia-Ukraine war and the political conflict between Russia and the European Union.

After invading Ukraine, Russia cut off natural gas supplies to parts of the European Union. As a result, countries such as Germany, the Netherlands, and Belgium were forced to reactivate coal-fired power plants to meet their electricity needs.

Indonesia's coal exports to European countries throughout 2022 reached approximately 6 million tons, a more than tenfold increase compared to the previous year's 396,500 tons.

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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India, Largest Importer of Indonesian Coal in 2022

India, Largest Importer of Indonesian Coal in 2022

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