Mineral Fuel Drives Exports in January–May 2022

Dzulfiqar Fathur Rahman 16/06/2022 16:10 WIB

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Mineral fuels, including coal, contributed 17.47% to total non-oil and gas exports in January–May 2022, according to the Central Bureau of Statistics.

Contribution to Non-Oil and Gas Exports, by Top 5 Commodity Groups (January–May 2022)

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Mineral Fuel Drives Exports in January–May 2022

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Contribution to Non-Oil and Gas Exports, by Top 5 Commodity Groups (January–May 2022)

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Mineral fuels contributed the most to Indonesia's non-oil and gas exports in the first five months, driven by a surge in commodity prices.

The Central Statistics Agency (BPS) reported that mineral fuels contributed 17.47% to Indonesia's total non-oil and gas exports in the January-May 2022 period. This category includes coal, Indonesia's main export product.

Coal prices increased by 181.95% to US$280 per ton in May compared to the previous year, according to BPS. This price surge followed the Russia-Ukraine war, which disrupted supply chains.

In line with this trend, Indonesia recorded 85.16% year-on-year growth in mineral fuel exports in the first five months.

Overall, Indonesian exports grew by 27% to US$21.51 billion in May compared to the previous year. This growth rate marks the first slowdown since January.

Editor : Annissa Mutia

"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."