KONTAN.CO.ID - JAKARTA. Indonesia's April trade surplus came in slightly bigger than expected, even as its exports and imports plunged along with declining prices of its main commodities like palm oil, coal and nickel. The recovery of Southeast Asia's largest economy from the COVID-19 pandemic has been fueled by a global commodity boom, but analysts warn that declining prices mean its trade surplus would shrink and economic growth could slow. Indonesia's exports in April plunged 29.4% on a yearly basis to $19.29 billion, more than the 18.55% predicted in a Reuters poll. This marked the biggest fall since early 2009, according to Refinitiv Eikon data.
Indonesia April Trade Surplus Beats Forecast; Exports, Imports Fall
KONTAN.CO.ID - JAKARTA. Indonesia's April trade surplus came in slightly bigger than expected, even as its exports and imports plunged along with declining prices of its main commodities like palm oil, coal and nickel. The recovery of Southeast Asia's largest economy from the COVID-19 pandemic has been fueled by a global commodity boom, but analysts warn that declining prices mean its trade surplus would shrink and economic growth could slow. Indonesia's exports in April plunged 29.4% on a yearly basis to $19.29 billion, more than the 18.55% predicted in a Reuters poll. This marked the biggest fall since early 2009, according to Refinitiv Eikon data.