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Financial News: Indonesia Trade Surplus Rises In August

Indonesia Trade Surplus Rises In August

09/15/2022 - 10:15:00 (RTTNews)

(RTTNews) - Indonesia's foreign trade surplus increased in July, as exports grew faster than imports, figures from Statistics Indonesia showed on Thursday.

The trade surplus rose to $5.76 billion in August from $4.21 billion in July. The expected surplus was $4.09 billion.

Exports climbed 9.17 percent month-on-month in August, and imports logged an increase of 3.77 percent.

Non-oil and gas exports rose 8.24 percent over the month, led by more outflows of animal/vegetable fats and oils.

On an annual basis, both exports and imports surged by 30.15 percent and 32.81 percent, respectively.

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