Search This Blog

July 30, 2021

$550BN will shift from #Commodities importers to exporters in 2021, nearly 2X the $280BN reverse transfer in 2020 as prices collapsed.

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. 




No comments:

Post a Comment

Commented on MasterMetals

ShareThis

MasterMetals’ Tweets