Economics of Southeast Asian countries: consequences of the crisis

Despite the fact that the Russian-Ukrainian conflict has greatly affected the economies of some countries, its consequences will affect the states of the Southeast Asian region in different ways.

In this regard, states can turn to Indonesia as the largest exporter of raw materials in the region. More than 50% of the country's exports were already commodities, and in the new conditions, these figures may increase even more. 

In addition, Russia is now China's second-largest coal supplier, and disruptions could prompt Beijing to turn to Indonesia to fill the gap. Based on this, the country will benefit not only in terms of profit, but also in terms of increasing trade volumes. 

The Thai economy, on the other hand, is in a highly unstable position. The current conditions are creating permanent headwinds for exports and tourism, Thailand's biggest economic pillars. Thailand's balance of payments is also the most volatile among emerging economies in Southeast Asia. 

In a critical situation, given the proximity of countries to the oil-rich Arab region, states can conclude profitable deals and find new suppliers.