Indonesia is targeting at least USD 45 billion in nickel exports in 2026 as the government continues to expand domestic mineral processing and develop higher-value industries. The target forms part of a broader strategy to increase export earnings, attract investment and strengthen the country’s position in global industrial supply chains.

Coordinating Minister for Downstreaming and Energy Transition Bahlil Lahadalia announced the target during the opening of the 41st Trade Expo Indonesia (TEI) in Tangerang on 14 October 2026. As reported by Katadata, Bahlil said nickel export earnings had increased substantially following the expansion of domestic processing facilities and the government’s decision to stop exporting raw nickel ore.

According to figures cited by Katadata, Indonesia’s nickel export value rose from approximately USD 3.3 billion in 2017–2018 to USD 34 billion in 2023, before exceeding USD 40 billion in 2025. The government aims to build on this growth by increasing the value of nickel products processed within Indonesia before they reach international markets.

“Downstreaming is the key to increasing the added value of Indonesia’s natural resources while strengthening national economic independence,” Bahlil said, as quoted by Katadata.

The government’s strategy extends beyond nickel to a wider range of natural resources. According to ANTARA News, Indonesia aims to generate USD 618 billion in downstream industry value by 2040 through expanded processing activities across minerals and coal, oil and gas, forestry, fisheries and agriculture.

The government expects this industrial development to support economic growth and create broader opportunities for domestic businesses. The next stage of downstreaming is expected to focus on expanding the range of processed products and improving the competitiveness of Indonesian goods in international markets.

Bahlil also encouraged investors to participate in the country’s downstream industries. As reported by ANTARA News, he highlighted the need for investment in areas such as new and renewable energy to support industrial development, particularly as international markets increasingly favour products manufactured through cleaner processes.