INDONESIA NEWS
Commodities of Indonesia
June 01, 2023
Indonesia's abundance and variety of commodities is a vital asset to the country's economy.
Indonesia's abundance and variety of commodities is a vital asset to the country's economy (and government revenues) as commodities account for around 60 percent of exports. But being a major commodity producing and exporting country also implies being more susceptible to the effects of volatility in commodity prices on the global commodity market. This requires effective policy strategies in times of both price downswings and price upswings.
Being mainly a raw commodity-exporting country, the government is currently focussed on stimulating the establishment of downstream processing industries to deliver value-added products. This strategy will have significant impact on certain (export) industries such as mining and minerals.
Being mainly a raw commodity-exporting country, the government is currently focussed on stimulating the establishment of downstream processing industries to deliver value-added products. This strategy will have significant impact on certain (export) industries such as mining and minerals.
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