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Indonesia is very rich in natural resources. No wonder that Indonesia is among the world’s important resource-exporting countries.

Indonesia produces massive amounts of crude palm oil (CPO), coal, nickel, natural rubber, copper and many other commodities. The reopening of the global economy in 2021 created huge demand for such commodities, and hence drove up the prices of most commodities.

For example, coal and CPO prices rose significantly by 109.2 percent year-to-date (ytd) and 21.0 percent ytd, respectively. As a result, Indonesia’s export performance reached record highs in October and November. Cumulatively, Indonesia’s export value grew an impressive 42.6 percent year-on-year (yoy) in the January-November period.

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