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Indonesia posts US$738m trade surplus in Feb, imports slump

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Indonesia posted a third straight monthly trade surplus of US$738.3 million in February, helped by a large fall in imports, the statistics bureau said on Monday.

[JAKARTA] Indonesia posted a third straight monthly trade surplus of US$738.3 million in February, helped by a large fall in imports, the statistics bureau said on Monday.

A Reuters poll had expected a surplus of US$520 million in the month.

Exports in February continued to be weak at US$12.29 billion, down 16.02 per cent from a year earlier, the fifth month of decline, hit by a drop in shipments of oil and gas.

Imports also fell 16.24 per cent to US$11.55 billion, down for the fifth month as well.

REUTERS

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