Indonesia’s trade surplus beats forecast in August
Exports from South-east Asia’s largest economy rise 7.1 per cent annually to US$23.6 billion last month
Add BT as a preferred source
[JAKARTA] Indonesia recorded a US$2.9 billion trade surplus last month, bolstered by stronger exports, based on data from the Statistics Bureau on Tuesday (Sep 17).
The surplus exceeded July’s US$470 million and surpassed market expectations of US$2 billion, as projected in a Reuters poll.
Exports from South-east Asia’s largest economy rose 7.1 per cent year on year to US$23.6 billion last month, driven by increased shipments of non-oil and gas commodities such as gold and jewellery, fossil fuels, and electrical machinery, equipment, and their components.
TRENDING NOW
Indonesian court upholds earlier dismissal of 2.28 trillion rupiah claim on Keppel unit’s land
Xi Jinping has just rewritten the rules of US-China rivalry
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing
China traders rush for exit after cross-border flow crackdown
