primary commodities

Definitions

Raw materials or agricultural products that are extracted or harvested in their natural state and have undergone little to no processing.

Basic goods, such as minerals, oil, or crops, that are traded in bulk and serve as the fundamental inputs for manufacturing and industrial production.

Examples

Many developing nations rely heavily on the export of primary commodities to sustain their national economies.

Fluctuations in the global market prices of primary commodities can significantly impact the stability of agricultural sectors.

Synonyms

raw materials basic goods unprocessed resources staple products primary goods

Antonyms

finished products manufactured goods processed items value-added products consumer goods