Indonesia’s June trade surplus shrinks to US$2.4 billion amid surge in imports

[JAKARTA] Indonesia recorded a smaller trade balance surplus of US$2.39 billion last month, down from US$2.92 billion in May, due to a notable increase in imported goods, the country’s statistics bureau reported on Monday (Jul 15).

The surplus is the lowest since February this year and lower than a forecast by economists in a recent Reuters poll that predicted Indonesia’s surplus would reach US$2.98 billion.

Amalia Adininggar, the acting head of the statistics bureau, said that Indonesia has maintained a trade surplus for 50 consecutive months since May 2020, despite a recent decrease in the surplus.