Institute for Research on Economics and Society – Faculty of Economics and Business – University of Indonesia

ECONOMIC ANALYSIS SERIES: TRADE AND INDUSTRY BRIEF, December 2021

December 31, 2021

The ongoing post-pandemic global economic recovery, although slightly hampered by the emergence of the Omicron variant of COVID-19, has increased demand for energy and industrial raw materials, which has resulted in increases in the prices of various global commodities such as coal, palm oil and gas. This month's Trade and Industry Brief briefly discusses how the increase in commodity prices is on the one hand a blessing for Indonesian exports but on the other hand is a challenge for the domestic processing industry to obtain supplies of raw materials and energy at competitive prices.

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