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Financial News: Indonesia Trade Surplus Rises In April

Indonesia Trade Surplus Rises In April

05/17/2022 - 02:46:00 (RTTNews)

(RTTNews) - Indonesia's trade surplus increased notably in April from a year ago, as exports grew much faster than imports, preliminary figures from Statistics Indonesia showed on Tuesday.

The trade surplus rose to $7.56 billion in April from $2.29 billion in the corresponding month last year. Economists had forecast a surplus of $3.25 billion.

In March, the surplus was $4.54 billion.

Exports surged 47.76 percent annually in April, beating economists' forecast for an increase of 35.97 percent.

Imports climbed 21.97 percent in April from a year ago. The expected rate of rise was 34.97 percent.

On a monthly basis, exports rose 3.11 percent in April, while imports dropped 10.01 percent.

Non-oil and gas exports alone grew 47.70 percent annually and 3.17 percent monthly in April.

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