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