The UOB Group economist Enrico Tanuwidjaja evaluates the latest figures of the balance of trade in Indonesia.
Key points
“Indonesia achieved a trade surplus of $5.1 billion in June, the third highest compared to the all-time high of $7.5 billion in April 2022.”
“Exports soared 40.7% yoy in June (vs. 27.0% in May), significantly higher than the market consensus of 30.3% yoy. Meanwhile, imports similarly accelerated to 22.0% yoy in June (vs. to 30.7% YoY in May), just above the market consensus of 20.1% YoY.”
“Indonesia could post another small current account surplus in the second quarter amid a much stronger-than-expected trade surplus in the Mar-Jun period.”
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.