Indonesia June trade surplus bigger than expected

Stacks of contgainers at Tanjung Priok port in Jakarta

Trucks drive past stacks of containers at the Tanjung Priok port in Jakarta, Indonesia, Feb 3, 2023. REUTERS/Ajeng Dinar Ulfiana/file photo

JAKARTA  – Indonesia booked a surprisingly large trade surplus of $3.46 billion in June, as exports and imports plunged more than expected, data from the statistics bureau showed on Monday.

A Reuters poll of economists had expected a surplus of $1.35 billion last month. The country recorded a surplus of around $440 million in May.

Exports slumped 21.18 percent on a yearly basis to $20.61 billion in June, deeper than the 18.85-percent fall expected in the poll.

Imports were down 18.35 percent on a yearly basis to $17.15 billion, compared with the poll’s forecast of 7.75 percent contraction.

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