Indonesia books larger-than-expected US$4.3 billion trade surplus in March
This is the country’s highest in four months and nearly double the US$2.6 billion forecast by analysts in a Reuters poll
[JAKARTA] Indonesia recorded an unexpected trade surplus in March, driven by a notable increase in iron and steel exports, according to data released by the country’s statistics agency on Monday (Apr 21).
South-east Asia’s largest economy posted a trade surplus of US$4.3 billion in March – its highest in four months and nearly double the US$2.6 billion forecast by analysts in a Reuters poll.
While the trade surplus provides a welcome boost to foreign-exchange reserves, analysts warn that maintaining such surpluses may be challenging for Indonesia, particularly with the ongoing pressure on the rupiah.
Share with us your feedback on BT's products and services
