Winners & Losers From Surge in Commodity Prices
Gains for commodity exporters will easily outweigh their losses last year as the pandemic spread and crushed demand for raw materials:
Bloomberg Economics estimates that $550 billion will shift from importers to exporters in 2021, nearly double the $280 billion reverse transfer last year when prices collapsed.
In absolute terms, Russia will benefit the most. China's net exports will drop by around $218 billion — far higher than the figures of around $55 billion for the next-worst off countries, India and Japan.
See the whole article on Bloomberg here: https://www.bloomberg.com/news/articles/2021-07-30/here-s-who-wins-and-who-loses-from-the-surge-in-commodity-prices
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