3 destination countries for Indonesian coal exports, China No. 1

Bisnis.comJAKARTA – Indonesia contributed more than 50% for the first time Coal exports worldwide in the period January to October 2023. China is the main destination country for shipping Indonesian coal.

Citing Reuters on Friday (10/11/2023), Kpler data shows that Indonesia’s thermal coal exports exceeded 413 million tons in the first ten months of 2023. This figure then proves the country’s status as the largest exporter of high-emission electric fuel.

It is now known that there are the three most important destination countries for shipping Indonesian coal. China was the first.

1.China

ChinaTogether with Hong Kong, it is Indonesia’s top coal destination, with imports of 183 million tonnes through October 2023. These shipments account for 44% of Indonesia’s total exports.

This figure then increased by 33% compared to the same period in 2022. This shows an increase in China’s industrial activity in 2023 compared to the level of demand that was affected by the pandemic last year.

Based on notes Businessthe main destination country for shipping Indonesian coal, has abundant supplies, so imports will decline in October 2023.

Based on data from the General Administration of Customs of China, coal imports reached 35.99 million tons in October 2023, down 14.6% from 42.14 million tons in the previous month.

Meanwhile, total coal imports in the first 10 months of this year reached 383.64 million tons, an increase of 66.8% compared to the same period in 2022 (YoY/YoY).

Officials at the National Energy Administration (NEA) said last week that power generation stocks had reached a record high of around 200 million tons.

Against this backdrop, Coal Transportation and Distribution Association (CCTD) vice chairman Li Xuegang said that most power plants do not need to increase their inventory at this time.

2. India

India is also the second largest buyer of Indonesian coal with around 20% or 82 million tonnes.

Quote Reuters, India’s Ministry of Energy has also asked utilities to import 6% of their coal requirements by March 2024. This is due to increasing demand for electricity and insufficient domestic coal supplies.

Meanwhile, concerns are also growing over shrinking coal stocks at power plants, where coal stocks suffered the sharpest decline in two years in the first half of October.

To maintain supplies as consumption increases, the ministry asked companies to blend imported coal with domestic coal to maintain supplies as consumption increases.

3. Philippines

The Philippines is also in third place with purchases accounting for 7.2% or around 30 million tons.

Energy Secretary Raphael, Prime Minister Lotilla quoted from the Manila Bulletin, saying the Indonesian government has guaranteed a sustainable supply of coal that can be used by power plants.

“Our bilateral relationship with Indonesia ensures that the Philippines continues to have access to regular coal supplies. As you know, almost 80% of our coal supplies for coal-fired power plants and non-energy uses come from abroad – and 98% of our coal supplies. of imported coal comes from Indonesia,” said the Philippine energy minister.

Meanwhile, Lotilla spoke with Indonesian Minister of Energy and Mineral Resources Arifin Tasrif.

Electricity in the Philippines still largely depends on coal-fired power plants. Therefore, it is important that this supply is not interrupted because this is one of the sure formulas to protect the Filipino people from the difficulties of power outages.

For more news and articles, visit Google News

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