Indonesia aims for up to $50 billion in nickel exports by 2026
Indonesia's government set a goal of $45-$50 billion in nickel exports by 2026, up from $34 billion in 2023.
During the Bali Tech Week 2026 forum in Sanur, the Indonesian government outlined a new export goal of $45-$50 billion for nickel by 2026, up from $34 billion in 2023. The target is embedded in a downstreaming policy designed to add value to natural resources and move the economy toward industrial production. Officials highlighted that this shift aims to boost economic growth to a 6-8 percent range, generate employment, and improve the competitiveness of Indonesian products.
The strategy also includes downstreaming of 28 other commodities across minerals, energy, agriculture, and marine sectors, requiring roughly $618 billion in cumulative investment by 2040. While the plan faces international hurdles such as WTO trade disputes, it is presented as a structural transformation anchored in Article 33 of the 1945 Constitution.
Why it matters
The plan could reshape Indonesia's economy by turning raw material exports into higher-value industrial products.
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