Indonesia's April import and export surge is slower than expected

Indonesia's April import and export surge is slower than expected

In April, Indonesia's imports and exports gained more slowly than expected, while the country's trade balance turned to be smaller than last month, as the statistics bureau disclosed on Monday.

In April, Southeast Asia's greatest economy demonstrated a $1.24 billion trade surplus, as the bureau told. It’s more than the $860 million a Reuters survey had predicted, though smaller compared with the revised $1.39 billion for March.

Imports headed north 10.31% from the previous year to $11.93 billion in April. By the way, the survey’s median forecast turned to be for a 21.56% annual surge rate.

The bureau told that imports of consumer goods inched up almost 26% on a yearly basis. Surges in imports of capital goods as well as raw materials happened to be smaller.

As for exports, they tacked on 12.61%, reaching $13.17 billion in April, compared with the survey’s forecast of 22.45%.

In April, both exports' and imports' value stood below that of March.

 

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