Indonesia's metal ore exports soared by nearly 4,000% in July 2024, reaching USD 708.57 million, up from USD 17.39 million in June 2024, according to data from the Central Statistics Agency (BPS). This remarkable increase is primarily attributed to the continued relaxation of export regulations. The surge was dominated by copper and its concentrates, with Japan, China, and India being the primary export destinations. Japan led with USD 222.94 million, followed by China at USD 167.05 million, and India at USD 139.91 million. Several factors contributed to this significant growth, including the Indonesian government's policy to relax copper concentrate export restrictions for mining companies.

Additionally, global demand for metal ores has risen due to the growth of renewable energy and electric vehicles. The increase in global prices also encouraged exporters to raise their export volumes. To further boost metal ore exports, the Indonesian government is implementing strategies such as promoting the construction of smelters to enhance the value-added of products, actively establishing trade agreements with partner countries, diversifying export markets, and ensuring the quality and standards of exported products. Amalia Adininggar Widyasanti, Acting Head of BPS, emphasized that metal ores, particularly those exported to Japan, China, and India, were the key contributors to the monthly increase in non-oil and gas exports.

Source: https://www.antaranews.com/infografik/4269483/ekspor-bijih-logam-indonesia-meroket