Indonesia's trade surplus lowest in 5 years
Crane operators unload a container from a truck at the International Container Terminal at Tanjung Priok Port in Jakarta. — AP
JAKARTA: Indonesia booked a trade surplus of around US$160mil in April, the lowest since April 2020, amid a surge in imports, while the country's inflation cooled in May, data from the statistics bureau showed.
A Reuters poll of analysts had predicted a surplus of US$3.04bil.
South-East Asia's biggest economy has recorded a trade surplus every month for five years, supporting its external balance.
But the April print was the narrowest in that period; the surplus in March was US$4.33bil.
Last month, imports jumped 21.84% on a yearly basis to US$20.59bil, with capital goods rising the most. — Reuters Trading ideas: Alliance, LSH, LYC, 7-Eleven, RHB, Master Tec, Mah Sing, CIMB, Capital A, SKP, Yinson, Berjaya, BAT, Bintulu, Bank Islam
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