KONTAN.CO.ID - Indonesia's trade surplus likely shrank in October as imports rose amid further easing of mobility restrictions for coronavirus, a Reuters poll showed on Friday. Exports probably remained strong because of high commodity prices. The median forecast by analysts in the poll was for an October trade surplus of $3.87 billion, down from the previous month's $4.37 billion. Statistics Indonesia will release the data on Monday. The resource rich country has been seeing an export boom, with demand for some of its top commodities, such as coal and palm oil, surging as economies reopen after COVID-19 lockdowns.
POLL-Indonesia Oct trade surplus seen narrowing on rising imports
KONTAN.CO.ID - Indonesia's trade surplus likely shrank in October as imports rose amid further easing of mobility restrictions for coronavirus, a Reuters poll showed on Friday. Exports probably remained strong because of high commodity prices. The median forecast by analysts in the poll was for an October trade surplus of $3.87 billion, down from the previous month's $4.37 billion. Statistics Indonesia will release the data on Monday. The resource rich country has been seeing an export boom, with demand for some of its top commodities, such as coal and palm oil, surging as economies reopen after COVID-19 lockdowns.