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Financial News: Indonesia Trade Balance Swings To Surplus In May

Indonesia Trade Balance Swings To Surplus In May

06/15/2020 - 03:42:00 (RTTNews)

(RTTNews) - Indonesia's trade balance swung to a surplus in May, as the decline in imports was bigger than the fall in exports, figures from Statistics Indonesia showed on Monday.

Exports fell 28.95 percent year-on-year in May. Economists had expected a decline of 17.98 percent.

Imports declined 42.2 percent annually in May. Economists had forecast a decrease of 24.55 percent.

On a monthly basis, exports dropped 13.40 percent and imports decreased 32.65 percent in May.

The trade balance registered a surplus of $2.091 billion in May versus a $0.372 billion deficit in April. Economists had expected a surplus of $0.42 billion. In the same month last year, the trade surplus was $0.218 billion.

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