Indonesia: Slight improvement in the trade surplus – UOB – by pabspiovano Indonesia TradeBalance Banks
UOB Group’s Economist Enrico Tanuwidjaja and Junior Economist Agus Santoso comment on the latest trade balance figures in Indonesia.“Trade surplus in Apr gained slightly higher to USD3.9bn from USD2.8bn in Mar, though it is around USD1.5bn below the highest position thus far in 2023.”
“OG imports contracted by 22.5% y/y, larger than previous month's contraction of 13.7%, followed by non-OG imports contraction by 22.3% in Apr, larger than Mar’s contraction of 11.7%.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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