Indonesia’s trade surplus rose to a three-month high in August, as exports grew much faster than expected, official data showed on Tuesday.
According to Statistics Indonesia, the country reported a surplus of $2.89 billion in August. The surplus was the biggest since May.
Exports in August grew 7.13% on a yearly basis to $23.56 billion. The pace of the August export rise was the quickest since January 2023.
Imports were worth $20.67 billion, up 9.46% from a year earlier.
Indonesia is the worlds biggest exporter of thermal coal, palm oil and nickel metals, and a major exporter of several other commodities.
Shipments from the country have risen in annual terms each month since April, recovering after a year where exports values had posted some sharp falls following the peak of a post-pandemic commodity price boom. (QNA)
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Source: Qatar News Agency