BPS Logs Nearly 50 Percent Hike in Nickel Export Value

TEMPO.CO, Jakarta - Statistics Indonesia (BPS) reported a significant surge in the export value of nickel commodities and associated goods at US$210.6 million or 45.85 percent in April 2024. The agency’s deputy for distribution and services, Pudji Ismartini, said that the export value escalated from US$459.5 million in March 2024 to US$670.1 million in April 2024.

“Among the top ten commodities with the highest non-oil and gas export value in April 2024, precious metals and jewelry/gems experienced the most substantial decline in value, amounting to US$478.9 million. Meanwhile, the export value of nickel and its associated goods saw the most significant increase, totaling US$210.6 million,” Pudji said in Jakarta on Wednesday, May 15.

On a sector basis, non-oil and gas exports from the processing industry saw a decline of 1.97 percent in the first four months of 2024 compared to the same period in 2023. Similarly, exports of mining and other products fell by 17.22 percent, while exports of agricultural, forestry, and fishery products rose by 6.90 percent. 

China emerged as Indonesia's top export destination in April 2024, totaling US$4.28 billion, followed by India with US$1.81 billion, and the United States with US$1.75 billion, collectively accounting for 42.98 percent of the total share.

Furthermore, BPS reported that Indonesia's export value in April 2024 reached US$19.62 billion, reflecting a decrease of 12.97 percent compared to March 2024, yet marking a 1.72 percent increase compared to April 2023.

Cumulatively, Indonesia's export value from January to April 2024 reached US$81.92 billion, or down 5.12 percent compared to the same period in 2023. Meanwhile, non-oil and gas exports stood at US$76.67 billion, or down 5.43 percent.

ANTARA

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