“Documenting 75 years of resilience” is a series of special reports by The Jakarta Post to celebrate Indonesia’s Independence Day, August 17, 1945.
Indonesia has been relying heavily on commodities to generate trade surpluses for the past 75 years, but volatile prices have pushed the country to diversify exports, while the global pandemic and a trade war haunt future international trade.
The country’s trade surplus peaked at US$39.7 billion in 2007, thanks to exports of, among other things, coal, crude palm oil, rubber, timber, bauxite and nickel.
“Significant increases [in trade surpluses] took place ...
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