Indonesia’s exports, imports increase slower in April
The data showed that the country’s exports climbed by 12.6% in April on a yearly basis, slower than the estimates of an increase of 20.35%. This was the seventh consecutive month the country’s exports increased. However, exports were down by 10.30% month-on-month in April.
The annual rise in exports was mainly driven by an increase in sales of non-oil and gas products by 12.8% and of oil and gas products by 9.5%.
Similarly, imports increased by 10.3% year on year, much slower than the expectations of a rise of 21.5%, while it was down by 10.2% on a monthly basis.
The rise in imports was mainly driven by an increase in purchases of oil and gas by 18.2% and of non-oil and gas by 9.1%.
According to the data, the country’s exports reached $13.17 billion in April while imports climbed to $11.28 billion. The data also showed that the trade surplus of the country stood at $1.24 billion in April, high above the expectations of $946 million.
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