In July 2024, Indonesia's nickel product exports reached about 954,000 tons, reaffirming its leading role in the global nickel market, according to the Indonesian Ministry of Trade. Among them, China remained the largest buyer, importing nearly 877,000 tons, which accounted for 91.88% of Indonesia's total nickel exports for the month.

Besides China, India and Japan also served as significant markets for Indonesian nickel. In July, Indonesia exported about 44,000 tons to India (4.61%) and 6,800 tons to Japan (0.71%). Despite their smaller shares, these countries are crucial to Indonesia's export strategy. From January to July 2024, Indonesia's cumulative nickel exports totaled around 6.43 million tons, reflecting continued robust growth in the sector.