Financial News: Indonesian Trade Surplus Grows In March

Indonesian Trade Surplus Grows In March

04/22/2024 - 02:33:00 (RTTNews)

(RTTNews) - Indonesia's foreign trade surplus increased in March from a year ago as imports fell much faster than exports, figures from Statistics Indonesia showed on Monday.

The trade surplus rose to $4.47 billion in March from $2.83 billion in the same month last year. In February, the surplus was $0.83 billion.

Exports fell 4.19 percent year-over-year in March, and imports plunged by 12.76 percent.

On a monthly basis, exports showed a sharp growth of 16.4 percent, while imports dropped by 2.6 percent. The rise in demand for non-oil and gas categories was the primary driver of the monthly increase in shipments.

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