Indonesia, Malaysia see record trade surplus in March on high commodity prices, Ukraine war
Indonesia's strong surplus also partly due to 'underwhelming' import growth, says UOB economist
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Jakarta
ASEAN neighbours and commodity exporters Indonesia and Malaysia enjoyed strong export earnings in March as commodity prices continued to rise as a result of the impact of the ongoing war in Ukraine.
Indonesia saw record highs in both exports and imports last month with exports totalling US$26.5 billion, up 44.36 per cent on a yearly basis. Imports rose 20.85 per cent to US$21.97 billion.
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