Indonesia’s Trade Surplus Widened in August

Indonesia’s trade surplus widened in August, thanks to strength in the country’s exports.

Southeast Asia’s largest economy recorded a trade surplus of $5.76 billion, wider than the $4.23 billion surplus in July.

A poll of analysts by The Wall Street Journal expected a surplus of $4.69 billion.

Indonesia recorded trade surpluses with India, the U.S. and the Philippines, said Setianto, deputy head of the country’s statistics agency, on Thursday.

Indonesia’s exports increased 9.2% from the previous month to $27.91 billion in August as external shipments rose for all sectors except mining.

Compared with a year earlier, Indonesia’s exports rose 30%.

Imports rose 3.8% from a month earlier and 33% from a year earlier to $22.15 billion, led by inbound shipments of machinery and mechanical goods.

Source: https://www.marketwatch.com/story/indonesia-s-trade-surplus-widened-in-august-271663217878