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Export ban will cost Indonesia USD 12.5 billion

The World Bank estimates in a new analysis that the current Indonesian export ban on unprocessed commodities will impact the country's trade balance ahead of 2017.

Photo: Star Bulk

The Indonesian export ban, which came into effect in January, will likely take a big toll on the country's trade balance, according to a new analysis by the World Bank. The analysis estimates that the export ban on unprocessed commodities will reduce the country's trade balance by USD 12.5 billion, generating a total loss in taxable profits, including royalties, export taxes, and corporate taxes, of around USD 6.5 billion in the period 2014-2017.

This includes a USD 5.5 to 6.5 billion draw on the 2014 trade balance.

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