Indonesia: Indonesia’s July trade figures lowest since 2009

• Aug 16, 2016

Indonesia: Indonesia’s July trade figures lowest since 2009

Tuesday, 16 August 2016 – Hopes that Indonesia would end a long streak of declining exports and imports last month were shattered, as both tumbled on an annual basis during a month shortened by holidays.

Indonesia’s statistics bureau yesterday said exports and imports were even worse than last year. Exports fell by 17.02 per cent and imports fell by 11.56 per cent.

July export and import values were at their lowest in any month since 2009, which the bureau attributed to only 16 effective working days in the month, due to Eid al-Fitr celebrations after the Muslim fasting month.?Read More?