Indonesia’s August exports, imports fall more than expected

16-Sep-2020 Intellasia | Reuters | 6:02 AM Print This Post

Indonesia’s exports and imports suffered steeper drops than expected in August, with a trade surplus of $2.33 billion, data from the statistics bureau showed on Tuesday.

Exports were down 8.36 percent on a yearly basis at $13.07 billion, versus an expected drop of 5.79 percent in a Reuters poll. The previous month, the annual export contraction had been 9.90%.

Imports plunged 24.19%, outstripping the poll’s expectation for a fall of 20.58%, but at a slower pace than July’s slump of 32.55%.

The poll had forecast an August surplus of $2.16 billion.


Category: Indonesia

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