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Indonesia March Trade Surplus Smaller Than Expected


Senin, 17 April 2023 / 12:23 WIB
Indonesia March Trade Surplus Smaller Than Expected
ILUSTRASI. Indonesia's trade surplus narrowed to $2.91 billion in March, smaller than expected.


Sumber: Reuters | Editor: Wahyu T.Rahmawati

KONTAN.CO.ID - JAKARTA. Indonesia's trade surplus narrowed to $2.91 billion in March, smaller than expected, as its exports and imports beat forecasts, official data showed on Monday.

A Reuters poll had expected a surplus of $3.99 billion in March. The resource-rich country booked a surplus of $5.46 billion in February, according to a revised figure provided by the statistics bureau.

Indonesia saw its exports rise to a record high last year on high global commodity prices, but shipments have gradually slowed as prices moderate.

Read Also: China Central Bank Boosts Liquidity Support With Roll Over of Medium-Term Loans

Exports in March dropped 11.33% on a yearly basis to $23.5 billion, less than the 15% fall forecast in the poll, and compared with a revised February growth of 4.44%.

That still marked the sharpest annual fall since May 2020.

Imports were worth $20.59 billion, down 6.26% from the same month last year, but a smaller drop than the 14.45% decline seen in the poll. Imports fell 4.32% in February.

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