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
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[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.
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