Indonesia's trade surplus shrinks to lowest in 5 years
JAKARTA :Indonesia booked a trade surplus of around $160 million in April, the lowest since April 2020, amid a surge in imports, data from the statistics bureau showed on Monday.
The country had recorded a $4.33 billion surplus in March.
Imports jumped 21.84 per cent on a yearly basis to $20.59 billion, with capital goods rising the most. The median forecast in a Reuters poll was for a rise of 7.75 per cent.
Exports rose 5.76 per cent in April from a year earlier to $20.74 billion, matching the median forecast of analysts polled by Reuters.
The bureau is due to release May inflation and other economic indicators later on Monday.
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Straits Times
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Straits Times
an hour ago
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