Indonesia’s Most Traded Commodities In The World Economy

 

Here are a handful of summaries about how Indonesia's most traded commodities take stance in the global economy.


Palm Oil

Indonesia is the leading exporter of palm oil with a 53.1% market share of an annual export market worth $31.4 billion. Malaysia is their nearest rival with a 29.6% market share, followed by the Netherlands at 3.18%. The country’s palm oil plantations span some six million hectares and this figure is increasing due to plans to add about four million hectares for biofuel production.


Coal Briquettes

Coal briquettes account for 11.2% of the country’s total exports and their annual output of $22.1 billion makes them the 2nd largest exporter in the world with a 15.6% market share. Other market-leaders like Australia are responsible for 40.3% of the export market, while Russia for 13.3%. Indonesia exports coal briquettes to numerous different countries, although key destinations are China, Japan, and the United States, which take a combined 34.6% of their output.


Petroleum Gas

Indonesia is the 8th largest exporter of petroleum gas in the world and has a 3.62% share of an annual export market worth $299 billion. Prior to coal, oil and gas used to be the foundation of Indonesia’s economy. Indonesia’s oil and gas export volumes remained relatively consistent between 3.5% to 5% for the past decade. Copper Ore The annual copper ore export market is worth $64.2 billion and Indonesia is the 4th largest exporter with a 6.6% market share, compared to Chile (29.1%), Peru (20.3%), and Australia (7.1%). Indonesia has the Grasberg Mine, which is located in the province of Papua. It’s the largest gold mine in the world, as well as the 2nd largest copper mine.


Gold

Indonesia is one of the biggest gold producing countries, though they only export 0.68% ($2.06 billion) worth of the global market. The gold export market is dominated by Switzerland who exports 20.9% of the world’s gold. The mine is majority-owned by an American company called Freeport-McMoRan Copper & Gold Inc (their stocks trade on the NYSE). However, it has suffered disturbed production rates due to local disputes and disruptions, which is why Indonesia’s gold production has not been as high.
Megan wrote
Hi Bob. What time will be the meeting ?
Hi Megan. It's at 2.30PM
Megan wrote
Will the development team be joining ?
Yes sure. I invited them as well
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Megan wrote
Noted. For the Coca-Cola Mobile App project as well ?
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Please also prepare the quotation for the Loop CRM project as well.
3:15PM
M
Megan wrote
Noted. I will prepare it.
Thanks Megan. I will see you later.
Megan wrote
Sure. See you in the meeting soon.
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