Wholesale Banking Strategy
500
450
400
350
300
Commodity Price Index
250
200
150
100
50
4Q01
4Q02
4Q03
4Q04
4Q05
4Q06
MACROECONOMIC UPDATE
Higher Commodity Prices will Benefit Indonesia
Commodity Price Index and Indonesia's
Economic Growth
4Q07
-Commodity Price Index
4Q08
4Q09
4Q10
4Q11
4Q12
4Q13
4Q14
4Q15
4Q16
4Q17
4Q18
4Q19
4Q20
Indonesia GDP %yoy
8
10
HS Code 4 Digit Top 10 Products (% Share)
2016
2017 2018 2019 2020
1511
8
Palm oil and its fractions, whether or not refined
(excluding chemically modified)
9.9
11.0
9.2
8.8
10.6
2701
Coal; briquettes, ovoids and similar solid fuels
manufactured from coal
8.9
10.6
11.5
11.3
8.9
6
7108
Gold, incl. gold plated with platinum, unwrought or not
further worked than semi-manufactured...
1.0
1.1
1.1
2.1
3.4
+
2
N
Indonesia GDP %yoy
2711 Petroleum gas and other gaseous hydrocarbons
7202 Ferro-alloys
4.9
5.3
5.9
4.9
3.3
0.4
0.8
0.8
1.6
2.9
4001
Natural rubber, balata, gutta-percha, guayule, chicle
and similar natural gums, in primary. . .
2.3
3.0
2.2
2.1
1.8
7219
Flat-rolled products of stainless steel, of a width of >=
600 mm, hot-rolled or cold-rolled...
10
0.1
0.3
1.3
1.9
1.8
3823
Industrial monocarboxylic fatty acids; acid oils from
refining; industrial fatty alcohols
1.6
1.8
1.7
1.6
1.8
-4
Motor cars and other motor vehicles principally
8703
1.8
1.8
1.8
2.4
1.7
designed for the transport of persons, incl. . . .
2603 Copper ores and concentrates
2.4
2.0
2.3
0.8
1.5
-6
24View entire presentation