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Indonesia’s Trade Balance Swings Back to Surplus in June

Jakarta. Indonesia’s trade balance returned to a larger-than-expected surplus in June, data from the statistics bureau showed on Monday (16/07).

Southeast Asia’s largest economy had a $1.74 billion surplus in June, compared to May’s revised deficit of $1.45 billion, the bureau said.

A Reuters poll had estimated a $650 million surplus.

Annual export growth in June was 11.47 percent, weaker than analysts’ median forecast, with total export value at $13 billion. The forecast in the poll was for a growth of 17.53 percent.

But import growth was far below expectations in June, at 12.66 percent, compared with the poll’s 31.31 percent. Imports during the month were worth $11.26 billion.

Central Statistics Agency (BPS) head Suhariyanto said there were fewer working days in June due to Idul Fitri holidays, which affected trade figures.

Reuters