India was the main destination for Indonesia's coal exports. Based on data from the Central Statistics Agency (BPS), national coal exports to India reached US$8.8 billion, equivalent to Rp131 trillion (at an exchange rate of Rp15,000 per US dollar) during the January-September 2022 period.
This export value surged 205.26% compared to the same period the previous year. It accounted for a quarter of total national coal exports in the first nine months of this year.
The next main destination for Indonesian coal exports was China, reaching US$5.12 billion in the first nine months of 2022. This value decreased by 7.8% compared to the first nine months of the previous year.
Following China was Japan, with US$4.93 billion in exports during the January-September 2022 period. This value jumped 206.67% from the same period the previous year.
Next, the main destination for Indonesian coal exports was the Philippines, with exports reaching US$3.8 billion in the first nine months of 2022. This was followed by Malaysia (US$2.63 billion), Taiwan (US$2.18 billion), South Korea (US$2.1 billion), Thailand (US$1.07 billion), Vietnam (US$934.48 million), and Hong Kong (US$853.49 million).
Indonesia's coal exports to other countries reached US$2.04 billion during the January-September 2022 period.
For information, Indonesia's export volume grew slightly by 3.37% to 270.13 million tons during the January-September 2022 period compared to the same period the previous year.
The export value, however, doubled to US$34.46 billion in the first nine months of this year compared to the first nine months of the previous year. The increase in global coal commodity prices fueled the increase in foreign exchange earnings from national coal exports.
The following is the volume of Indonesian coal exports by main destination country for the January-September 2022 period:
1. India: 90.14 million tons
2. China: 45.85 million tons
3. Japan: 19.47 million tons
4. Philippines: 23.02 million tons
5. Malaysia: 19.33 million tons
6. Taiwan: 14.29 million tons
7. South Korea: 18.99 million tons
8. Thailand: 11.30 million tons
9. Vietnam: 8.51 million tons
10. Hong Kong: 3.90 million tons