TRADE BALANCE - JAKARTA. 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% on a yearly basis at $13.07 billion, versus an expected drop of 5.79% in a Reuters poll. The previous month, the annual export contraction had been 9.90%.
Read Also: Japan exports sink again in June, raises economic risks at home and overseas
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
Editor: Yudho Winarto
