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Increase in Indonesia's exports, imports exceeds expectations in May

by ChemOrbis Editorial Team - content@chemorbis.com
  • 15/06/2017 (11:38)
According to media reports, data released by Central Statistical Agency showed that Indonesia’s exports rose by 24% year-on year in May and beat the expectations of an increase of around 16%. The country’s exports also increased by 7.7% month-on-month.

The annual rise in exports was mainly driven by an increase in sales of non-oil and gas products by 23% and of oil and gas products by 32%.

Meanwhile, imports also increased by 24% on a yearly basis in May, beating expectations which called for an increase of 9.9%. Imports were also up by around 16% on a monthly basis.

The rise in imports stemmed from an increase in purchases of oil and gas by 9% and of non-oil and gas by around 27%.

The country’s trade surplus fell to $0.47 billion in May from $1.24 billion in April and stood quite below the estimates of $1.1 billion.
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