Indonesia's Coal Export Value Soared 90% in January-October 2022

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Viva Budy Kusnandar 11/01/2023 16:30 WIB

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Coal exports reached 302.87 million tons during the January-October 2022 period.

Indonesia's Coal Export Volume and Value, January-October (2021-2022)

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Indonesia's Coal Export Value Soared 90% in January-October 2022

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Indonesia's Coal Export Volume and Value, January-October (2021-2022)

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The Central Statistics Agency (BPS) reported that Indonesia's coal export volume reached 302.87 million tons from January to October 2022, a 3.63% year-on-year (yoy) increase compared to the same period in 2021.

During the same period, the export value surged 90.33% (yoy) to US$38.87 billion, or approximately Rp602.5 trillion (assuming an exchange rate of Rp15,500 per US$). This increase in export value was due to a surge in global coal prices.

According to data from the Ministry of Energy and Mineral Resources (ESDM), Indonesia's benchmark coal price was at US$159.97/ton in December 2021. The price then continued to rise, reaching US$330.97/ton in October 2022.

Thus, Indonesia's benchmark coal price increased by 107.13% in the first ten months of 2022.

Indonesia's government temporarily banned coal exports from January 1 to 31, 2022, due to disruptions in the supply of coal to domestic power plants owned by PT Perusahaan Listrik Negara (Persero).

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 Coal Export Value Soared 90% in January-October 2022

Indonesia's Coal Export Value Soared 90% in January-October 2022

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Indonesia's Coal Export Value Soared 90% in January-October 2022

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