Indonesia’s record trade surplus ‘unsustainable’ as CPO prices plummet

2022.07.26 11:41:14

Oil palm farmers bring palm fruit to a protest against the government이미지 확대

Oil palm farmers bring palm fruit to a protest against the government"s export ban in Jakarta on May 17, 2022. The ban has since been revoked.(AFP/Mariana )

Indonesia achieved its biggest-ever trade surplus in the first half of 2022, but experts warn that relying on raw materials like crude palm oil (CPO) and coal as the bulwark of productivity is unsustainable in the long run. They agree that a wide range of factors will narrow the trade surplus, or even turn it into a deficit, if fundamental aspects of the domestic economy are not changed. The archipelagic nation’s exports to the rest of the world exceeded its imports by US$24.89 billion. That is more than twice the surplus the country achieved in the equivalent period of 2021.

https://www.thejakartapost.com/business/2022/07/24/experts-warn-of-overreliance-on-coal-cpo-in-exports.html

By Jakarta Post

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