Indonesian Govt: Sea Sand Exports Have Trillion-Rupiah Potential

Tempo09-26

TEMPO.CO, Serang - Indonesian Finance Ministry said that the government has yet to establish a revenue target for sea sand exports in 2025, given the ongoing discussions and concerns surrounding this ...

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Based on calculations utilizing the benchmark prices outlined in Minister of Maritime Affairs and Fisheries Regulation Number 6 of 2024, the potential revenue could reach a trillion rupiah.The regulation sets the benchmark price for domestic sea sand at Rp93,000 per cubic meter and Rp186,000 per cubic meter for exports. Assuming an export volume of 50 million cubic meters at the export price and a 35 percent tariff, the estimated revenue could exceed Rp3.2 trillion.However, Wawan cautioned that the exploration and extraction of sea sand are not straightforward processes. The Ministry of Maritime Affairs and Fisheries (KKP) mandates preliminary research to determine whether the extracted material is solely sediment or contains other minerals that may restrict exports.As widely reported, the Indonesian government lifted the ban on sea sand exports, which had been in place for over two decades. This decision, approved by President Joko \"Jokowi\" Widodo, followed amendments to two trade regulations (Permendag) signed by Trade Minister Zulkifli Hasan.NABIILA AZZAHRA A | KARUNIA PUTRIEditor's Choice: Expert Says Sea Sand Exports May Expand Singapore's Land, Threaten Indonesian SovereigntyClick here to get the latest news updates from Tempo on Google News","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470759911"}