Indonesia's March trade surplus expands despite export decline
Updated
Updated · Reuters · May 4
Indonesia's March trade surplus expands despite export decline
8 articles · Updated · Reuters · May 4
The surplus reached $3.32 billion, above a $2.41 billion forecast and February's $1.28 billion, as imports rose just 1.51% while exports fell 3.1% to $22.53 billion.
Statistics Indonesia said weaker mining and agricultural shipments drove the export drop, while economists said Eid-related frontloading faded and the weaker rupiah helped restrain imports.
April inflation slowed to 2.42%, below forecasts, supporting expectations Bank Indonesia can hold rates, though analysts warn costlier fuel imports from the Iran war could narrow future trade surpluses.
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