Indonesia's Nickel Exports Surge Sixfold in January-July 2022

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Viva Budy Kusnandar 25/10/2022 09:10 WIB

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Approximately 80% of Indonesia's nickel exports go to China.

Indonesia's Nickel Export Volume and Value: January-July (2021-2022)

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Indonesia's Nickel Exports Surge Sixfold in January-July 2022

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Indonesia's Nickel Export Volume and Value: January-July (2021-2022)

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According to a report by Indonesia's Central Bureau of Statistics (BPS), Indonesia's nickel exports from January to July 2022 reached 364,480 tons. This figure surged sixfold, or increased by 520%, compared to the export volume during the same period last year.

From January to July 2022, the value of Indonesia's nickel exports reached US$2.97 billion, equivalent to Rp44.5 trillion (using an exchange rate of Rp15,000 per US dollar), a 449.66% increase compared to the same period the previous year.

Indonesia's Nickel Export Market Share

Based on BPS data, China is the main destination for Indonesia's nickel exports. From January to July 2022, Indonesia exported 289,820 tons of nickel to China, representing 79.52% of the total national nickel export volume.

This export volume jumped by 2,136% compared to January-July 2021. The value of Indonesian nickel exports to China also soared by 4,622.82% to US$2.07 billion during the January-July 2022 period compared to the same period the previous year.

Besides China, the main destinations for Indonesian nickel exports during the January-July 2022 period were as follows:

* Japan: volume 39,387.03 tons valued at US$657.33 million
* South Korea: volume 19,429.69 tons valued at US$106.79 million
* Malaysia: volume 10,603.32 tons valued at US$70.34 million
* Norway: volume 4,993.12 tons valued at US$61.87 million
* Singapore: volume 134.02 tons valued at US$1.07 million

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."